Hofmeister: Oil price increases not controlled by oil companies

Shell Oil President John Hofmeister says that increases in oil prices are not caused by the actions of oil companies, but by increasing demand and other factors.
(0:39)
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Simon: ExxonMobil's tax bills have grown more than their profits

Stephen Simon, senior vice president of ExxonMobil, discusses the oil company's investment plans and says that its tax bill has exceeded its earnings.
(0:44)
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Cleaver: Approval ratings of oil companies are lower than those of Congress

Congressman Emanuel Cleaver (D-MO) says that oil companies are to blame for rising oil prices and public perception of the industry is low.
(0:47)
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Inslee: There is public anger over oil industry subsidies

Congressman Jay Inslee (D-WA) says that there is public anger over subsidies to oil companies while prices at the gas pump are at a record high, saying that these abuses are prize worthy. (1:10)
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