Select Committee - Oil Price Issues - 204656-1-DVD - Select Committee for Energy Independence and Global Warming.  Top-level executives from the five largest oil companies testifies about the current state of oil and gas prices, oil company profits, and the need for clean, renewable fuels to ease demand for oil and cut global warming pollution. Committee members expressed outrage that oil companies are raking in huge profits at a time when most Americans are struggling to pay their energy bills, but executives claimed that their profits were close to the Dow Jones Industrial Average for major industries and that they were not responsible for record prices. They laid most of the blame on foreign state-owned oil companies. Although emphasizing that oil and gas will remain the primary source of energy in the foreseeable future, they also stressed the investments that their companies have made in renewable energy technologies. However, some members of the committee expressed doubt that the investments were enough to make a difference. Executives asked for a stable, fair tax system that would make long term planning on the part of oil companies easier. Filmed by C-SPAN. Non-commercial use only. For more information, see