ChevronTexaco posts first quarter profit boom on oil prices
ChevronTexaco reported a first quarter profit of 1.9 billion dollars, or 1.81 per share, up from 725 million a year ago as revenue rose 47 percent to 31 billion. Excluding a charge tied to retired assets the company could have earned 2.1 billion dollars.
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Companies seek tax refunds for inflated earnings
WorldCom Enron Qwest Communications and HealthSouth seek federal tax refunds or credits for billions of dollars falsely claimed as earnings. WorldCom has already collected about 300 million in tax refunds from the IRS while pursuing bankruptcy exit and a name change to MCI.
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Aid group urges U S to aid Iraqi medical care
Doctors Without Borders urged Washington to prioritize health services in Iraq saying hospitals are ill supplied and understaffed. Dr Morten Rostrup warned civilians risk dying without urgent American and coalition actions to secure facilities and restore functioning hospitals in Baghdad and beyond.
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Bell for Congress: West Texas Oil Advocate Seeks National Energy Policy
John Bell campaigns to urge an Open the Eyes of America energy policy with stable prices. He testified in Washington before the House Ways and Means Committee and led marches on federal energy offices to push for a complete policy overhaul. Paid for by Bell for Congress Committee.
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US Department of Energy
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Scott Sparkman
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