Shell Oil Working With Brazil To Form World's Largest Ethanol Venture

During a conference Tuesday with the U.S. Energy Information Administration’s energy, Shell Oil Co. President Marvin Odum says Shell is forming a $12 billion joint venture to produce biofuel with Brazil’s largest ethanol producer. (0:29)

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Hydrofracking Hysteria Hindering Natural Gas Production, Says Shell President

During a conference Tuesday with the U.S. Energy Information Administration, President of Shell Oil Co. Marvin Odum says “irresponsible” reports on hydraulic fracturing hinders natural gas production. (0:32)

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Republicans want to protect big oil

Speaker of the House Nancy Pelosi says that big oil companies should have been cut off from government subsidies when the price of oil passed $30 or $40 per barrel. (0:25)
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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.
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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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