Topic: Marvin Odum
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Oil CEOs warn senators of downside to axing industry tax breaks
Five oil CEOs testified Thursday that a Senate bill to shrink their companies' tax breaks would mean less domestic oil production and higher gasoline prices. Democrats cite firms' big profits.
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Lawmakers slam Big Oil executives on spill preparedness
At Tuesday's congressional hearing, legislators criticized four Big Oil companies for being no more prepared for a large spill than BP.
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BP oil spill halts US drilling permits, for now
Secretary of the Interior Ken Salazar announced that no new drilling permits would be released until a safety review ordered by Obama is released later this month. The BP oil spill has increased calls by environmentalists for a permanent ban on offshore drilling.







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