Will the oil companies actually use the money?

I realize with the new energy bill passed earlier in the year, oil companies were given billions of dollars of tax deductions. Can we believe that this money will actually be put to good use, or minimal help, and just more profit for the company? If this is the case than the US government should step in and enforce there tax deductions be used for the reasons they were given, or take these deductions away at least.

From the news:

Senators asked Dougher and other oil industry workers for a briefing on gasoline prices. Despite the industry's insistence that recent high gas prices are simply a matter of supply and demand, some lawmakers had tough words for the industry. The senators referred to record-breaking third-quarter earnings for some oil companies, even as consumers reeled from higher prices at the pump.

"It does seem that while people were suffering, our own gas companies were making out like bandits," said Sen. Delores Kelley, a Democrat from Baltimore County. "It looks like our oil companies don't have any patriotism when our country is down on its knees."

Dougher insisted that supply disruption in Gulf Coast refineries caused the prices to jump, not the oil companies. "It was a shock to the system," she said.

When the senator asked whether oil companies are gouging consumers, Dougher replied, "No, they're not. I think we have every attorney general in the country looking at these prices ... and if there is any gouging out there, it should be prosecuted."