"The oil industry launched a full-court press Monday in opposition to Democrat-backed legislation that would repeal billions in tax breaks for the largest oil companies."

"The American Petroleum Institute (API), the powerful oil industry trade group, is running an eight-state radio and print advertising campaign opposing efforts to eliminate the tax breaks.

And a top API official blasted the legislation Monday on a conference call with reporters just hours before the Senate is slated to vote on the measure."

Andrew Restuccia reports for The Hill's E2 Wire March 26, 2012. [2]

SEE ALSO:

"Senate Set To Fight Over Oil Company Tax Cuts" (Washington Post) [3]

"Bill Ending Oil Company Tax Cuts Clears Senate Hurdle" (Reuters) [4]