As they should!
Three major U.S. fossil fuel companies rejected an invitation from House Democrats to testify at an April hearing on whether the industry has done enough to lower prices.
[source: The Daily Caller]
The three companies — EOG Resources, Devon Energy Corporation and Occidental Petroleum — informed Natural Resources Committee leadership that they would skip the hearing that was planned for April 5, the panel’s chairman, Arizona Democratic Rep. Raúl Grijalva, announced Tuesday evening. Grijalva sent letters to the energy producers on March 18, asking their CEOs to appear at the hearing to discuss why gasoline prices were so high.
“As rising gas prices started hurting Americans, fossil fuel industry trade groups and their allies in Congress wasted no time placing blame on the Biden administration and pushing for a drilling free-for-all,” Grijalva said in a statement. “But when you look at oil companies’ record profits, these claims don’t add up.”
“I invited these companies to come before the Committee and make their case, but apparently they don’t think it’s worth defending,” he added. “Their silence tells us all we need to know—that cries for more drilling and looser regulations are nothing more than another age-old attempt to line their own pockets.”
Grijalva said he was “concerned that the oil industry is not doing enough to protect American consumers” when he requested the companies appear at the hearing.
Why isn’t the government doing anything at all to protect the American consumer, especially since it’s the government who essentially regulates gas prices anyway?
Russia’s invasion of Ukraine has roiled global energy markets sending crude oil and gasoline prices through the roof. The average price of gasoline in the U.S. peaked near $4.33 per gallon earlier in the month but has since declined, AAA data showed.
The average cost of gas declined to $4.24 per gallon nationwide on Wednesday, according to AAA.
While Devon Energy declined Grijalva’s request, the company accepted a similar invitation from Energy and Commerce Committee Chairman Frank Pallone to appear at an April 6 hearing on price gouging. Executives from BP, Chevron, ExxonMobil, Pioneer Natural Resources, and Shell will also testify.
After all, this is America and the point of business is to make profits. It’s up to governments, who increase in size each and every day, to insure that Americans are reliant upon foreign oil from adversarial countries.
The Big Lie continues!
Author: Robert Bogart