Big Oil Company's Are In Big Question

Thursday, May 12, 2011 - 4:35pm

Oil company executives head to D.C. to answers to allegations they're raking in big profits, while Americans suffer with four-dollar gas.
Executives from Exxon Mobil, Shell, Chevron, Conoco and BP, are in the senate hot seat over the high cost of gasoline.

Democrats say its time to eliminate the billions in annual tax breaks those companies get.

But big oil says it's the high price of crude oil that's driving up pump prices.

They say if cheaper gas is what The White House wants, cut taxes.


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