Page 32 - Michael Wirth News Today

With inflation becoming a critical issue heading into the fall elections, Democrats are seeking to blame big oil for pain at the pump.

Democrats on Capitol Hill ripped into executives from major oil companies at a contentious hearing Wednesday, accusing them of price gouging and pressuring them to invoke their inner "patriotism" to lower gasoline prices by sacrificing shareholder returns and ramping up production.

(The Center Square) – Lawmakers grilled a panel of leading oil company executives during a Congressional hearing Wednesday over high gas prices. The executives responded that restrictive government policies play

Democrats call CEOs greedy as gas prices remain high.

The top executives of six of the nation's largest oil and gas companies testified before Congress on Wednesday, at a time when high gasoline prices have become a political flash point in Washington and across the country.

The top executives of six of the nation's largest oil and gas companies testified before Congress on Wednesday, at a time when high gasoline prices have become a political flash point in Washington and across the country.

This comes as comes as President Joe Biden has ordered the release of 1 million barrels of oil per day from the nation's strategic petroleum reserve.

House Democrats on Wednesday accused oil companies of “ripping off the American people” and putting profits before production as Americans suffer from ever-increasing gasoline prices during the war in Ukraine. “At a time of record profits, Big Oil is refusing to increase production to provide the American people some much needed relief at the gas…

House Democrats are accusing oil companies of ripping off Americans and putting profits before production, but executives testifying on Capitol Hill on Wednesday are saying oil is a global market and they don't dictate prices.

Leveling intense criticism at oil companies over skyrocketing energy prices, House Democrats suggested that the CEOs cut dividends and reduce stock buybacks, diverting that money...