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If Oil Industry Profits Are Up, Why Aren't Gas Prices Down?

Complete video at: http://fora.tv/fora/showthread.php?t=1519 American journalist Jim Lehrer questions Chevron Corporation's Vice Chairman Peter Robertson as to why record profits for the oil industry have not resulted in lower gas prices for consumers. ----- A Conversation About Oil with Chevron's Peter J. Robertson and Jim Lehrer in discussion at the 2007 Aspen Ideas Festival. Some of the most inspired and provocative thinkers, writers, artists, business people, teachers and other leaders drawn from myriad fields and from across the country and around the world all gathered in a single place - to teach, speak, lead, question, and answer at the 2006 Aspen Ideas Festival. Throughout the week, they all interacted with an audience of thoughtful people who stepped back from their day-to-day routines to delve deeply into a world of ideas, thought, and discussion. Jim Lehrer is the anchor and executive editor of PBS?s The NewsHour with Jim Lehrer. He came to Washington with PBS in 1972, teaming with Robert MacNeil in 1973 to cover the Senate Watergate hearings. They began in 1975 what became The MacNeil/Lehrer Report, and, in 1983, The MacNeil/Lehrer NewsHour, the first 60-minute evening news program on television. When MacNeil retired in 1995, the program was renamed The NewsHour with Jim Lehrer. Lehrer has been honored with numerous awards for journalism, including a presidential National Humanities Medal in 1999. In the last five presidential elections, he moderated ten of the nationally televised candidate debates. Lehrer has written 16 novels. His latest, The Phony Marine, was published in November 2006. He also has written two memoirs and three plays. His 17th novel, Eureka, will be published in fall 2007. Peter J. Robertson is vice chairman of the board of directors for Chevron Corp., responsible for strategic planning, policy, government and public affairs, human resources, and corporate compliance. Previously, he directed the company?s worldwide exploration, production, and global gas businesses. He was president of Chevron Overseas Petroleum Inc., president of Chevron USA, and president of Warren Petroleum Co., Chevron?s former natural gas liquids subsidiary. He chairs the US Energy Association and is a past director of Sasol Chevron Holdings Ltd., Dynegy Inc., and Caltex Petroleum Corp. A native of Edinburgh, Scotland, he graduated from Edinburgh University and the Wharton School at the University of Pennsylvania.
Length: 05:34

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