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Oil Industry / Production / Obama Plan #993710

CBS Evening News for Saturday, May 14, 2011
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(Studio: Russ Mitchell) Report introduced.

(White House: Whit Johnson) The reaction to President Obama's moves to increase domestic oil industry production featured; details given from the White House oil and gas plan pertaining to leases and incentives for development. [From the White House, OBAMA - wants to increase production.] A statement from the American Petroleum Inst. quoted. [In Republican address, Representative Martha ROBY†- says it is about energy and jobs.] This week's Congressional hearings in which oil company bosses defended tax credits noted. [At hearings, Chevron Corp. CEO John WATSON†- says Americans want shared prosperity.] [Senator John ROCKELLER - responds.] [Public Citizen's Energy Program director Tyson SLOCUM†- notes increasing drilling won't reduce gas prices.]

Reporter(s):
Mitchell, Russ;
Johnson, Whit
Duration:
00:02:40

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