Senate Committee to examine tax returns of oil co's

The U.S. Senate Financial committee is requesting the tax records of 15 of the largest oil and gas companies in the United States - from the AP on Yahoo news.

Both Republicans and Democrats sitting on the committee are concerned about high profits and executive compensation when gasoline prices are soaring and gouging drivers. The committee wants a thorough review to determine if the companies are complying with tax laws, close loopholes and examine if executive retirement plans are subsidized by taxpayers.