Detailed text transcripts for TV channel - KPIX - 20110515:0

passed two bills this week that not only ramp up offshore drilling but would force the obama administration to act quickly on approving new site. >> when we're talking about energy, we're talking about jobs. the cost of energy is directly related to the cost of hiring workers and running a business. >> reporter: but neither measure is likely to pass the democratic senate where anger at rising gas prices boiled over at a hearing this week. five bosses from the largest private oil companies defended their $2.1 billion in tax credits. >> i don't think the american people want shared sacrifice. i think they want shared prosperity, and what we have to. >> reporter: for frustrated americans, analysts agree. there is little washington can do to provide immediate relief. >> you talk to any petroleum engineer, any economist that's looked at this, increasing domestic drilling is not going

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