Page 34 - Michael Wirth News Today

Six senior oil company executives are set to testify on Capitol Hill for a hearing Wednesday about skyrocketing gas prices amid a political messaging battle.

The blaming amounts to little more than political rhetoric because neither side is prepared to push for the kind of action that Washington has sometimes resorted to in wartime emergencies, experts say.

House Republicans and Democrats on Wednesday sought to assign blame on the other party for high gas prices.

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.

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.

Republicans and Democrats Wednesday sparred over who's to blame for increased energy costs.

Energy executives denied accusations of price gouging and said they planned to increase 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 accuse oil companies of 'rip off' on gas prices | 2022-04-07 05:41:06

Oil and gas executives will appear before the House Energy and Commerce Committee this week in one of several hearings on rising gasoline prices and broader