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Jeff Malet  > Politics > Senate Finance Oil Hearing (5/12/11)
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Sen. Max Baucus (D-MT), chairman of the Senate Finance Committee questions the heads of five of the largest oil and gas companies in the world, who appeared before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC. The execs argued that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
Rex Tillerson, Chairman and Chief Executive Officer, Exxon Mobil Corporation, gives testimony. The heads of five of the largest oil and gas companies in the world testified before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC, arguing that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
Rex Tillerson, Chairman and Chief Executive Officer, Exxon Mobil Corporation, looks at his notes. The heads of five of the largest oil and gas companies in the world testified before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC, arguing that ending tax incentives would eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. In photo, seated top to bottom at the witness table - John Watson, Chairman of the Board and Chief Executive Officer, Chevron Corporation; Marvin Odum, U.S. President, Shell Oil Company; H. Lamar McKay, Chairman and President, BP America Inc.; James Mulva, Chairman and Chief Executive Officer, ConocoPhillips; and Tillerson of Exxon. (Photo by Jeff Malet)
Senator Maria Cantwell (D-WA) questions the heads of five of the largest oil and gas companies in the world, who appeared before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC. The execs argued that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
A serious Rex Tillerson, Chairman and Chief Executive Officer, Exxon Mobil Corporation, sits pensively. The heads of five of the largest oil and gas companies in the world testified before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC, arguing that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
A frowning Rex Tillerson, Chairman and Chief Executive Officer, Exxon Mobil Corporation, is unhappy with Senators line of questioning. The heads of five of the largest oil and gas companies in the world testified before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC, arguing that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
A smiling Rex Tillerson, Chairman and Chief Executive Officer, Exxon Mobil Corporation, listens to Senators questions. The heads of five of the largest oil and gas companies in the world testified before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC, arguing that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
Rex Tillerson, Chairman and Chief Executive Officer, Exxon Mobil Corporation, gives testimony. The heads of five of the largest oil and gas companies in the world testified before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC, arguing that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
Sen. Max Baucus (D-MT), chairman of the Senate Finance Committee questions the heads of five of the largest oil and gas companies in the world, who appeared before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC. The execs argued that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
Sen. Max Baucus (D-MT), chairman of the Senate Finance Committee questions the heads of five of the largest oil and gas companies in the world, who appeared before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC. The execs argued that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
Sen. Max Baucus (D-MT), chairman of the Senate Finance Committee questions the heads of five of the largest oil and gas companies in the world, who appeared before the Senate Finance Committee on May 12, 2011 on Capitol Hill in Washington DC. The execs argued that ending tax incentives would reduce exploration, eliminate jobs and stifle economic growth while doing nothing to reduce fuel prices. Participating were executive officers of Exxon, BP America, Shell, ConocoPhillips and Chevron. (Photo by Jeff Malet)
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Keywords: barrel head closeup commodity oil exploration gasoline congress traders drilling senators futures deficit petroleum head shot natural gas speculation subsidies 7988 tax breaks financial regulation refiners
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