Congress Set to Grill Big Oil Bosses on Tax Subsidies, Gas Prices

Congress will grill Big Oil executives at what is likely to be a contentious hearing on Capitol Hill today amid widespread anger over high gas prices. The Senate Finance Committee, chaired by Montana Democrat Max Baucus, is poised to question Chevron's John Watson, Shell's Marvin Odum, BP's Lamar McKay, ConocoPhillips' James Mulva, and Exxon's Rex Tillerson. It is all part of an effort by Democrats to push a new bill that would scrap tax breaks for the five companies, the biggest and most...Full Story
Commenting on this article is closed.