Democrats take aim at Big Oil in lead up to midterms
Democrats are looking to pin the blame on oil companies for high gas prices, potentially signaling an election-year goal of refocusing scrutiny on an issue that has dogged President Biden's approval ratings.
Two different House committee chairs have called for oil CEOs to testify on disparities between falling oil prices and consumer gas prices. While three companies rebuffed House Natural Resources Committee Chairman Raúl Grijalva (D-Ariz.), several others are set to testify before the House Energy and Commerce Committee on Wednesday.
"While American families struggle to shoulder the burden of rising gas prices from Putin's war on Ukraine, fossil fuel companies are not doing enough to relieve pain at the pump, instead lining their pockets with one hand while sitting on the other," Energy and Commerce Committee Chairman Frank Pallone Jr. (D-N.J.) and investigations subcommittee Chairwoman Dianna DeGette (D-Colo.) said in a statement Tuesday.
"It's time we get to the bottom of why oil companies are content to watch Americans suffer so that their shareholders and executives can reap enormous profits. Our Committee looks forward to getting answers from these companies next week."
https://www.msn.com/en-us/news/politics/democrats-take-aim-at-big-oil-in-lead-up-to-midterms/ar-AAVGBTE
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