Posted on 04/06/2022 12:13:22 PM PDT by ChicagoConservative27
Democrats on a subcommittee of House Energy and Commerce Committee grilled oil executives Wednesday over the disparities between oil and gas prices, while the committee’s Republican members framed high prices as a consequence of Biden administration energy policies.
Oversight and Investigations Subcommittee Chair Diana DeGette (D-Colo.) confronted the witnesses, who included executives from BP, Chevron, ExxonMobil, Devon Energy and Shell and Pioneer Natural Resources, directly asking them “Why is there a disconnect between the falling price of crude oil and the fact that the cost of gas is staying the same?”
(Excerpt) Read more at thehill.com ...
Oil Co ceo’s: “Tell it to branDUHn.”
Sorry, any oil exec that goes in front of any govt committee to discuss pricing deserves what they get!
I’d give them NOTHING but an empty chair!!!!!!!!!!
They know it’s Senile Joe’s fault and are trying to provide cover.
It hurts my brain to watch the stupidity of members of Congress.
“Why is there a disconnect between the falling price of crude oil and the fact that the cost of gas is staying the same?”
Oil Exec: “Well, as you can see by these helpful PR stickers that they have been posting at gas pumps, the Joe Biden administration has claimed responsibility for that.”
a year ago these same dolts were pressing them to cut back production to raise prices. yes, folks, we do remember that.
Vintage Stalin. Break the industry, shoot the managers, nationalize the industry.
Idiots need to ‘press’ themselves for the policies they have implemented that have just fraked up this country and caused the inflation, high gas prices, etc. you think!?!?!
Bet, not a one has a mirror in their homes and if they do, they certainly dont look into them.....
Complete farce...
Really? The average person at the pump knows there has always been difference between crude and refined gasoline. Crude goes up in price, later it hits the gas stations. Crude goes down, and the same thing occurs. I've known this since I first started driving at 16.
Is it more possible for Biteme's handlers to install more stupid people in these positions? Or are they simply told their talking points/positions in advance by the Dark Side, as I call it?
Disclaimer: I have no inside or direct knowledge of the energy industries. If I'm wrong, I'm welcome to input.
Democrats Have Gasoline Price Amnesia
Only last October they browbeat U.S. CEOs to produce less oil and gas.
During the Oct. 28 hearing, California Rep. Ro Khanna praised BP and Shell CEOs for pledging to reduce their oil production. Then he asked U.S. oil execs why they weren’t doing the same. “Are you embarrassed as an American company that your production is going up while the European counterparts are going down?”
No competent CEO would hire a DemocRAT lawmaker to do anything more than janitorial service.
“I’d give them NOTHING but an empty chair!!!!!!!!!!”
That’s not an option for a publicly traded company. The government holds all the cards. You require all sorts of government okays in order to operate at all. Without them you are literally out of business.
The thing to do is have a list of government created problems and no matter how they try to guide the conversation for their political advantage you have to keep pounding what the government has done to rais the price.
A lot of companies like to pay tribute to both sides of the aisle. Like McDonald’s hiring Bob Gibbs from the Chicago Mob.
If I was one of these guys, I’d simply say the following, “The government makes much more from every barrel of oil than we do.” Then get up and walk out.
Lawmakers press oil CEOs on high gas prices
Democratic Lawmakers deflect blame for high gas prices on oil CEOs
There, fixed it
The Hill tries to deflect in favor of their beloved Democrats.
My primary concern regarding fair business practice has nothing to do with profit margin but rather whether the seller of a good or service holds a monopoly or whether there is collusion among sellers for price setting. In both cases, competition which is essential for market driven capitalism doesn't exist, in which case the government must advocate for fairness and the consumer.
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