WUFT News

Oil CEOs testify on Capitol Hill about high gas prices

By on May 12th, 2011

Top executives of the big five oil companies – Chevron, Shell, BP, ConocoPhillips, and Exxon Mobil – are at Capitol Hill today, testifying before the Senate Finance Committee. They come as gas prices are at about $4 a gallon, and discussions take place over whether or not to end tax breaks and subsidies for oil and gas companies. Chris Peralta spoke with University of Central Florida Political Science professor Aubrey Jewitt about the meaning of the hearings, and what outcome can be expected.

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