NEWS FLASH

Big Oil Kills Jobs For Profits | The American Petroleum Institute argues that giving oil companies government handouts will create jobs. However, a new report by the House Natural Resources Democratic Staff finds that the major oil companies have actually shed employees while reaping record profits. From 2005 to 2010, Exxon, BP, Chevron, and Shell dumped 11,200 U.S. employees while raking in $546 billion in profits.