US Oil Industry Comes Under Fire for Record on Jobs, Taxes

摘要

The oil industry is hitting back at criticswho say the top five major oil companies inthe US are failing to create jobs even as theysit on billions of dollars in cash while vigor-ously opposing the Obama administration’splans to end oil and gas tax breaks.As the debate over the US deficit heats upagain, oil industry taxes are back in the spotlightin Washington. President Obama has dusted offa proposal he has pushed since taking office inJanuary 2009 to eliminate tax breaks for the oiland gas industry estimated at about $40 billionover the next 10 years (IOD Sep.13’11).