Sen. Charles Schumer (D-NY): “We have to get the deficit to a certain level and we have choices, so I want to ask you sitting in our shoes, just about your priorities. So my question is to Mr. Mulva, and I’m asking you for a reason … Do you think your subsidy is more important than the financial aid we give students to go to college? Could you answer that, yes or no?”
James Mulva, Conoco Phillips CEO: “Well, that’s a very difficult question for me, two totally different questions.”
Schumer: “We have to weigh those two things, Mr. Mulva. We have to weigh it because we have to get the deficit down to a certain level. If you had a choice of one or another as an American citizen, which would you choose?
Mulva: Well Senator, that’s a chore that legislatively you’re going to have to be making. For our company, we are tasked with is to provide energy in an affordable way for the American public.
Schumer: “So you would choose the oil subsidy over the aid to students? That’s what you’re telling me.
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