Oil executives defend profits on Capitol Hill
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- NECN
Oil executives under fire on Capitol Hill
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Oil executives defend profits on Capitol Hill
(Latoyia Edwards, NECN: Newton, Mass.) - Top oil executives will be under fire for a second day on Capitol Hill. Prices have topped 132 dollars a barrel for the first time, and gas prices continue to break records. Congress is demanding answers. Representatives from Mobil Chevron and Shell, answered tough personal questions. In the first round of questioning, Senators accused the executives of pretending to be "hapless victims" while raking in record profits. Analysts blame record highs on supply worries, global demand and oil speculators. NECN's Latoyia Edwards has more.
NECN | May 22, 2008
