Morning Quote: Sen. Bob Menendez

Sen. Bob Menendez (D-NJ) to the CEOs of the nation’s five largest oil companies (Exxon Mobil, ConocoPhillips, BP America, Chevron and Shell) during a Senate hearing on Thursday regarding high gas prices (part of a Democratic effort to end subsidies for oil companies):

I find it hard to understand how you can come here before this committee and the American people and say, when you are projected to make $125 billion in profits this year, that somehow the loss of $2 billion a year, which means you only make $123 billion in profits, is somehow so punishing, somehow not part of shared sacrifice, somehow you need to go back at them at the pump to make up for it.