House Democrats will hold hearings blaming oil and natural gas companies for the soaring gas prices under President Joe Biden.
The House Energy Commerce Committee will hold a hearing, "Gouged at the Gas Station: Big Oil and America's Pain at the Pump," on April 6 that will include the CEOs of Chevron, Devon, Exxon Mobil, Pioneer Natural Resources, and the presidents of Shell USA and BP America.
House Energy and Commerce Committee Chairman Frank Pallone and Diana DeGette, the chair of the oversight and investigations subcommittee, blamed oil executives for not doing enough to lower gas prices.
The American Petroleum Institute, which represents many oil and natural gas companies, said in a statement, "There are many factors behind rising energy costs, from geopolitical volatility and supply chain constraints to policy uncertainty and mixed signals from Washington."
Democrats have proposed a windfall profits tax for oil companies, while others want to suspend the federal gas tax for the rest of the year.
The Biden administration has called on oil and natural gas companies to increase production, but many analysts say the Biden administration has taken action to stifle domestic energy production.
A poll released Tuesday found that a majority of Americans believe that Biden should step down if gas prices hit $8 per gallon.
Thursday, March 31, 2022
Democrats Plan Hearings to Blame Oil Companies for High Gas Prices
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment