Big Oil Execs Defend Need For $21 Billion In Tax Breaks

Big Oil Execs Defend Need For $21 Billion In Tax Breaks

Even though Exxon Mobil alone earned more than $30 billion in profit in 2010 — and has reported a huge 69% increase in profit in the first quarter of 2011 — that company’s CEO was one of several oil biz execs trying to convince the Senate Finance Committee that they still need $21 billion in tax breaks. [More]