The Raw Story | Senator says Senate must study breakup of oil firms

The Raw Story | Senator says Senate must study breakup of oil firms: "In a speech today on the Senate floor, Sen. Charles Schumer (D-NY) proposed considering the breakup of oil firms.

“We also have to reexamine whether having only a handful of giant oil companies can coexist with the needs of the American consumer and a rational energy policy in this country -- I do not believe it does,' Schumer declared. 'And so I'll be offering an amendment to the supplemental that will require a complete examination as to whether or not we should break up the big oil companies.'

“Enough is enough,' the New York senator added. 'We have no competition. There are signs of it. I've talked to business leaders who buy oil and gas products, major, conservative Republican business leaders, and they don't believe the market is on the level.'

Schumer's full speech follows."