U.S. News & World Report - It's been "Big Oil" time on Capitol Hill recently. Last week, the House spent much of its floor time debating pro-drilling bills, and top industry executives were called before a Senate committee to make their case for high gas prices and their companies' high profits. Today, the Big Oil show continues, as Democrats in the Senate try to advance a bill that would undo a number of tax breaks for the five top-producing American oil companies. [Check out a roundup of political cartoons on gas prices.]
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