The World

Lies, Secrets & Big Oil

Oil companies were put on the spot in Capitol Hill with questions about energy task force participation, reports of windfall profits, and renewed calls for oil conservation.

Just this summer Congress was lavishing tax breaks and subsidies on the oil industry. Now lawmakers are talking about taking some of those goodies back and slapping a new tax on oil companies. Some propose seriously reducing the country’s oil consumption. Living on Earth’s Jeff Young reports.