Do Americans Want 'Shared Sacrifice? Big Oil Exec Says No

Americans don't expect the oil industry to help reduce the budget deficit, the CEO of Chevron told Congress Thursday as lawmakers consider cutting billions in government subsidies to big oil companies. "I don't think American people want shared sacrifice," John Watson, CEO of Chevron, said at a Senate Finance committee hearing today. "I think they want shared prosperity." "I'm not out of touch at all," said Rex Tillerson, CEO of Exxon Mobil. "We do understand the big picture. We do...Full Story