Oil Companies Expected to Defend Themselves From Accusations They Contributed to Increasing Oil and Gas Prices

The price of gas is up, and so are oil company profits -- and members of a Senate panel may demand explanations today. The CEOs and presidents of the Big Five oil companies will testify before the Senate Committee on Finance at 9 a.m. ET. Sen. Max Baucus, D-Mont., and Sen. Orrin Hatch, R-Utah, are expected to be among those questioning the oil executives about their recent profitable first quarters amid industry tax incentives. "With the price of gas closing in on $5 a gallon, this...Full Story
Commenting on this article is closed.