Oil and Gas Industry Responds to Tax Issue

By Lindsay Joy, ljoy@k2tv.com 

On Tuesday, President Obama wrote a letter asking leaders in Congress to eliminate what he calls "unwarranted tax breaks for the oil and gas industry."  President Obama says he wants to get rid of $4 billion in tax breaks for oil companies.  He's trying to lower rising energy costs, but the president of the Petroleum Association of Wyoming says higher taxes for the industry doesn't mean a break in soaring gas prices.