Recently, the White House threatened oil companies over higher gas prices, attempting to displace the blame from its own policies.
Despite the fact that Russian sanctions, coupled with several other actions taken by the federal government, can be widely credited for the rise in gasoline prices, Congress is attempting to dodge Democrat accountability by calling forward several oil companies to commence a public spectacle.
Specifically, on March 30, a House Energy and Commerce subcommittee intends to grill six different senior oil company executives on elevated gas prices over the course of a targeted hearing.
The hearing will ostensibly cover escalated gas prices since the Russian invasion of Ukraine, although gas prices have dramatically elevated since Biden took control of the White House.
Nonetheless, Congress is aiming to displace the blame on the private sector, as evident from the title of the hearing: “Gouged at the Gas Station: Big Oil and America’s Pain at the Pump.”
The six oil executives set to be grilled by Congress include the Chairman and President of BP America, inc., along with the CEOs of Pioneer Natural Resources, Inc., Exxon Mobil Corp., Devon Energy Corp, and Chevron Corp.
Various Democrats are presently focusing on various ways to punish the private sector for the public sectors decisions. Some representatives argue for a massive tax on windfall profits allegedly experienced by oil companies; other representatives argue in favor of suspending the federal gas tax through the remainder of 2022.
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