New Regulations May Cut Big Oil’s Profits

- May 30th, 2011

The Bedford Report released research on BP PLC (NYSE:BP) and Chevron (NYSE:CVX).

The Bedford Report released research on BP PLC (NYSE:BP) and Chevron (NYSE:CVX).

The press release is quoted as saying:

President Obama recently reiterated his interest in cutting tax incentives for the industry. With public anger over gas prices hitting Obama’s popularity as he revs up his 2012 re-election bid, he pressed for rolling back $4 billion in “unwarranted tax subsidies” at a time of budget cuts in Washington.

Click here to read the entire press release.

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