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Member Since: 9/2006Last Seen: 11/25/2009

Oil execs at Congress today: Defending tax breaks, explaining oil prices

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U.S. lawmakers are going to get their chance today to ask executives from five of the world's largest oil companies what their take is on current gasoline prices.

Executives from the top three American oil companies -- Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and ConocoPhillips (NYSE: COP) -- will be present at today's hearing, as well as executives from BP (NYSE: BP) and Royal Dutch Shell (NYSE: RDS.A). While the executives are predictably going to blame the current high gasoline prices on surging oil, it will still be interesting to see just how hard lawmakers hit the executives.

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{"commentId":1646782,"authorDomain":"bazards"}

Losing $18 billion in tax breaks over 10 years, to much? to little?

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    Reply#1 - Wed Apr 2, 2008 8:49 AM EDT
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