Big Oil Defends Profits

Oil executives had to march up to Capitol Hill today amid $4 gas prices and huge profits to argue why their industry deserved to keep tax subsidies. In response to Democrats’ criticism, the execs said ending their tax breaks would do nothing to bring down gas prices, hurt R&D, and…

Read more from the original source:
Big Oil Defends Profits

Posted by on May 12, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.