Democrat Committee to Investigate Gasoline Price Rises

Essay by Eric Worrall

h/t Breitbart; After two years of blocking drilling permits, banning pipelines, hostile EPA oversight, pressure on banks, SEC investigations into climate risk exposure, and helping the enemies of friendly oil producers, the Democrats suspect big oil executives are responsible for gasoline shortages.

HEARING ON “GOUGED AT THE GAS STATION: BIG OIL AND AMERICA’S PAIN AT THE PUMP”

Date: Wednesday, April 6, 2022 – 10:30amLocation: Hybrid Hearing in the John D. Dingell Room, 2123 of the Rayburn House Office Building, and Cisco WebexSubcommittees: 

117th Congress

Oversight and Investigations (117th Congress)

The Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce will hold a hybrid hearing that includes both in-person and remote attendance on Wednesday, April 6, 2022, at 10:30 a.m. This hearing will take place in the John D. Dingell Room, 2123 of the Rayburn House Office Building, as well as remotely using Cisco WebEx online video conferencing. The hearing is entitled, “Gouged at the Gas Station: Big Oil and America’s Pain at the Pump.”

Witnesses

David Lawler
Chairman and President
bp America, Inc.

Michael K. Wirth
Chairman and Chief Executive Officer
Chevron Corporation

Richard E. Muncrief
President and Chief Executive Officer
Devon Energy Corporation

Darren W. Woods
Chief Executive Officer
ExxonMobil Corporation

Scott D. Sheffield
Chief Executive Officer
Pioneer Natural Resources Company

Gretchen Watkins
President
Shell USA, Inc.

Source: https://energycommerce.house.gov/committee-activity/hearings/hearing-on-gouged-at-the-gas-station-big-oil-and-americas-pain-at-the

I’m pretty sure there might be an alternative explanation for the growing shortfall in domestic US gasoline production. Perhaps you guys can help educate the Democrat oversight committee, about why you think gasoline prices are rising.

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Bryan A
March 31, 2022 2:07 pm

What will they find???

Russia war with Ukraine
Big Oil Conspiracies
Republican Collusion
OPEC greed

Certainly NOT a lack of domestic production and off-shoring supply chains to less than friendly Nations

Last edited 3 months ago by Bryan A
SheriffYoda
Reply to  Bryan A
March 31, 2022 2:30 pm

Of course, they’ll blame anything that let’s them say, “Give us more power so we can fix what we messed up!”

Richard Page
Reply to  Bryan A
March 31, 2022 2:51 pm

They’ll find whatever they are looking for.

Bryan A
Reply to  Richard Page
March 31, 2022 3:42 pm

Amen to that

RicDre
Reply to  Richard Page
March 31, 2022 4:57 pm

They’ll find whatever they are looking for.

Just like the IPCC.

RicDre
Reply to  Bryan A
March 31, 2022 4:55 pm

Bryan A:

You forgot It’s all Trump’s fault.

Bryan A
Reply to  RicDre
March 31, 2022 6:31 pm

Gold star for you

MarkW
Reply to  Bryan A
April 1, 2022 8:09 am

To the left, free enterprise in particular, and freedom in general is always the problem, and the solution to any problem is always more government.

Robertvd
Reply to  Bryan A
April 1, 2022 8:11 am

And the main reason is inflating the currency by the Federal Reserve. If you print dollars like there is no tomorrow, they become worthless, so everything becomes more expensive in dollars killing your savings in the process. So the real reason is Big Government.

Sara
Reply to  Robertvd
April 1, 2022 10:48 am

Wait – WHAT? There’s a tomorrow, and nobody told us???? Oh, now what do I do with all those newspapers in the kitchen? They held so many memories….. (sniffle)

John Ronald Brodman
March 31, 2022 2:28 pm

High oil prices are the solution to high oil prices

Gordon A. Dressler
Reply to  John Ronald Brodman
March 31, 2022 3:02 pm

That “solution” hasn’t worked to date as gasoline prices on a nationwide-average basis of all retail grades have gone up from $2.42/gal in January 2021 to $4.32/gal in March 2022.
(data from https://www.eia.gov/dnav/pet/hist/LeafHandler.ashxn=pet&s=emm_epm0_pte_nus_dpg&f=m )

How many more years do we wait for the “solution” to kick in?

Old Retired Guy
Reply to  Gordon A. Dressler
March 31, 2022 3:09 pm

If Brandon and his minions have their way, forever. The price will keep going up, while they put the whole country at risk after draining the SPR.

Tom Abbott
Reply to  Old Retired Guy
April 1, 2022 5:30 am

Biden has not called off his war on fossil fuels.

Biden needs to be impeached and removed from office.

MarkW
Reply to  Tom Abbott
April 1, 2022 8:11 am

The only problem with that route is behind Biden is Kamala, behind her is Pelosi and behind her is Schumer.
You have to get deep into the cabinet before you have a chance of finding anyone who might be competent.

Does the constitution allow for simultaneous impeachments?

Last edited 3 months ago by MarkW
Lrp
Reply to  Gordon A. Dressler
April 1, 2022 8:43 am

Fixing inflation takes a long time

Mr.
March 31, 2022 2:40 pm

Is there a sub-text to the title of this commission that goes –

“Can An Advanced Demand Economy Operate On Bullshit Alone?”

Burgher King
Reply to  Mr.
March 31, 2022 4:15 pm

It depends on how much the BS stinks.

RevJay4
March 31, 2022 2:41 pm

Yep, that’ll do it. Another useless demrat hearing to point the finger at something other than the commies and rinos in government for the gas prices.
Is there no one out there who actually comprehends how the markets work? I know there is not one inside the beltway who passed Econ101 in their lifetime. Well, maybe a few, but they aren’t leftists.
This hearing should be straight forward, but it won’t be. The dems/rinos will rant and rail against the witnesses, then shut off any truthful response. Typical.

Tom Halla
Reply to  RevJay4
March 31, 2022 2:49 pm

Unfortunately for the Democrats, the way to solve the problem is the way we solved the gas crisis—vote out Jimmy Carter. Bad policies are done by bad politicians.
It was price controls before, and NetZero this time.

Tom
Reply to  RevJay4
March 31, 2022 7:31 pm

STRATEGIC: Save The Rat’s Asses Through Energy Give-aways In the Country

Tom Halla
March 31, 2022 2:45 pm

Call John Kerry, and ask him about pushing Net Zero and ESG rules at the SEC and hedge funds.

Alexy Scherbakoff
March 31, 2022 2:47 pm

Doesn’t ‘oversight’ mean you missed something?

Scissor
Reply to  Alexy Scherbakoff
March 31, 2022 2:54 pm

Indubitably.

Gordon A. Dressler
March 31, 2022 2:52 pm

How many times previously have investigations been launched to “look into” gasoline price rises that are decoupled from the rise and fall in open market crude oil prices . . . all with zip results, other than producing paper that could be substituted for toilet tissue in time of crisis.

No such investigation is needed . . . just follow the money of PAC “friends of Senators and Representatives” and you will discover all that is needed for an explanation.

The truth is out there, but don’t look for Congress (and it ain’t just the Democrats) to reveal it.

Robertvd
Reply to  Gordon A. Dressler
April 1, 2022 8:19 am

Dollar printing by the (not)Federal Reserve. The wizards behind the curtain.Every centrally controlled economy, like the US economy, will fail and inflating the currency is their last option to kick the can a bit further down the road.

John the Econ
March 31, 2022 2:54 pm

Democrats to oil industry: “You are bad. We hate you! We will work to make your life difficult so that you will just go away.”

Then, “OMG! Gas is now really expensive and people are mad! Please make more so that our voters will not pummel us at the midterms.”

Then, “We’re calling you before a committee so that we can grandstand against how evil you are. And then we will demand that you make more gas. And then we will threaten to raise your taxes so that if/when you sell more gas, you will not profit from doing so.”

Then, “We still hate you! We’re going to make it even more pointless for you to stay in business, but we will send our voters checks so that they won’t be mad at us.”

Is any of this the least bit sane?

Krudd Gillard of the Commondebt of Australia
Reply to  John the Econ
March 31, 2022 7:13 pm

This is what you get when emotionally infantile politics takes over. Oh for some adults back in government.

Robertvd
Reply to  Krudd Gillard of the Commondebt of Australia
April 1, 2022 8:20 am

All puppets. Politicians don’t have any power.

KirriePete
Reply to  John the Econ
April 1, 2022 12:07 am

That’s the plot of “Atlas Shrugged” in a nutshell. The only bit missing is where the executives pack up and disappear.

Who is John Galt?

John the Econ
Reply to  KirriePete
April 1, 2022 9:15 am

I never expected to be living “Atlas Shrugged” in my lifetime, but here we are. My fear now is that we’re just a few years away from “Soylent Green”.

TonyG
Reply to  John the Econ
April 1, 2022 3:05 pm

I was certain we would be living “Atlas Shrugged”. I saw this mess coming 20 years ago. We’re nowhere close to being done with it.

Tom.1
March 31, 2022 3:04 pm

By all means pour on another heaping helping of hypocrisy; that always solves a lot of problems.

March 31, 2022 3:06 pm

I assume that Naomi Oreskes will chair this committee?

OweninGA
Reply to  Phil Salmon
March 31, 2022 6:00 pm

If she were in congress, absolutely. Though I expect she will be on the line with the staffers to make sure that all the questions are asked like “So oil Exec, when did you stop raping Gaia and paying off all the skeptics (though it will probably be the d word)”

I mean if you are going to lie and obfuscate in your questions, you may as well go all the way.

Old Retired Guy
March 31, 2022 3:07 pm

When your half of the voters are innumerable and mostly illiterate, you can push any wacky theory you want. After all, gas (food, computer chips, mined resources, etc.) all just show up at the store.

Ron Long
Reply to  Old Retired Guy
March 31, 2022 3:10 pm

Yea, and electricity lives in the walls of houses, it comes out of those funny little plaques.

Old Retired Guy
Reply to  Old Retired Guy
March 31, 2022 3:11 pm

Innumerate! D*MN spellcheck.

OweninGA
Reply to  Old Retired Guy
March 31, 2022 6:03 pm

They do believe their followers are innumerable though. How many times have we heard the dems talk about their “MANDATE to RULE” (with a 50-50 senate and something like a 4 vote margin in the house.)

MarkW
Reply to  OweninGA
April 1, 2022 8:15 am

When Republicans are in control, no matter how large the majority, it’s always the duty of the majority to respect the rights of the minority and ever, ever, do anything the minority disagrees with.

Gerry, England
Reply to  Old Retired Guy
April 1, 2022 6:45 am

You could just say Morons

Robertvd
Reply to  Gerry, England
April 1, 2022 8:22 am

puppets

Rud Istvan
March 31, 2022 3:47 pm

What you missed is that none of the Big oil executives accepted the Committee ‘invitation’. Dems play stupid political games, Dems lose.

Burgher King
Reply to  Rud Istvan
March 31, 2022 4:21 pm

Rather than being ‘invited’, the BOE’s can be subpoenaed, can they not, and then be cited for contempt of Congress if they don’t show up?

Rud Istvan
Reply to  Burgher King
March 31, 2022 4:43 pm

Yes, but that has not happened yet. If it does, makes the BOE point about all political in spades.

Mohatdebos
March 31, 2022 3:48 pm

Will any of the witnesses have the guts to say oil prices are high because you killed the Keystone pipeline, stopped oil and gas pipelines, denied drilling permits, and committed to killing the oil industry.

OweninGA
Reply to  Mohatdebos
March 31, 2022 6:04 pm

They are too busy trying to cozy up to Blackrock to make any waves. They’ll mostly just sit there and listen to politicians bloviate.

Douglas B
March 31, 2022 3:55 pm

I for one, would be completely on board if the major oil companies made the following statement at the end of this witch hunt: “Since the Government thinks we, the oil companies, are Evil Itself, and the general population agrees that the world would be better off without us, we are going to do the following: stop all production, refining, and deliveries of oil products, Nationwide, for the next two weeks. Here’s what will happen…no gas for your private car, motorcycle, lawnmower, etc. No clothing production. Grocery stores will run out of food in a few days, with no way to replenish stock. No computers, any kind of plastics, or medical equipment. No aircraft flights of any sort. For large areas of the nation, the lights and all electricity will fail without petroleum for the power plants. Start growing your own food, if you can walk to town to buy seed, and till the soil by hand. Batter barter for wool for clothing, as well, after you learn to knit your own clothing. No computers or phones, so brush off your handwriting skills…although without fuel, there will be no postal deliveries, Amazon trucks, UPS shipments, or ice cream trucks. In other words get used to living at an 18th century level, since so many people are determined to bite the hand that, literally, feeds them.

Lrp
Reply to  Douglas B
April 1, 2022 8:58 am

Horses were the main motive power back then, but now that wouldn’t work. They could try going back to steam power everywhere but productivity would go down and pollution would go up.

TonyG
Reply to  Douglas B
April 1, 2022 3:08 pm

if the major oil companies made the following statement

They’ll never do it. Too afraid of being called bad names by Dems and the press. (I apologize if I’m being repet!tious)

March 31, 2022 4:14 pm

It’s an intelligence test for American voters and, as suggested by the current polls, they might pass it.

peter dimopoulos
March 31, 2022 4:32 pm

Remember we can’t use the letter ‘Z’. So we call america’s puppet ‘elensky’….much prettier….

Joel Snider
March 31, 2022 4:58 pm

All have to say about these fascist pieces of s*** is that I hope I live long enough to see the chickens come home to roost.
And my GOD, will they have earned it.

Kevin kilty
March 31, 2022 5:20 pm

They’ve test driven the following excuses:

It’s expected coming out of a “deep recession”
It’s due to a booming economy
It is transient problem only
It is only a problem for the wealthy
It is the greedy refiners
It’s Trump’s fault
You’all need to shut up and just take it
It’s Putin’s fault

None of these are having the desired effect, so it’s off to committee!

Loren C. Wilson
March 31, 2022 5:33 pm

And in other news, the fox is investigating why there are fewer chickens in the coop he is assigned to watch.

Andy Pattullo
March 31, 2022 5:51 pm

They are so clever, I can see them moaning plaintively over the lack of goose eggs as their hands are clamped tightly around the limp neck of the recently expired goose.

Brad-DXT
March 31, 2022 6:02 pm

If this committee is truthful they will find that gas prices as well as all other price increases are directly attributable to dementia in the highest offices taking advice from those with engineering dyslexia and fascists.

Brad-DXT
Reply to  Brad-DXT
March 31, 2022 6:20 pm

Eric:
here’s the first one 🍸

Doonman
March 31, 2022 6:34 pm

Direct quotes from Joe Biden when campaigning for president

We are going to get rid of fossil fuels.”
no more coal plants.
“we should put them in jail” when talking about fossil fuel executives.

Joe Biden also endorsed stopping fracking.
Joe Biden also endorsed stopping pipeline infrastructure.
Joe Biden said if coal miners lose their job due to his policies they should learn to code.
Joe Biden also endorsed a carbon tax.

If I was an oil company executive, I would believe him as a man of his word. I would also sell my product for as much as possible and as quickly as possible as my responsibility to shareholders.

Derg
Reply to  Doonman
April 1, 2022 4:15 am

This ^

Biden’s administration caused uncertainty. The market does not like that.

Independent
March 31, 2022 7:58 pm

Will one of the witnesses kindly bring a mirror to hold up when asked why gas prices are up?

March 31, 2022 9:31 pm

I guess the Dems think prices are too low.

observa
April 1, 2022 1:32 am

For a laugh back in the 70s Arab Oil Crisis the Australian Council of Trade Unions (ACTU) under Bob Hawke decided the poor workers were getting screwed by the Oilcos. Bob and Co’s answer was to set up the workers’ non-profit petrol reseller under the banner of ACTU Solo as the new brand amongst those quaint Esso’s with ‘putting a Tiger in yer tank’ etc.

So much for socialized petrol as it only lasted a year or so as it bled money from their union funds. If these Biden useful idiots want to play the international oil market and do likewise to save Americans from gouging at the pump then put their money where their ignorant mouths are and walk the talk. Won’t happen and this is just another traditional leftist show trial to deflect from the obvious backward somersault with full pike.

April 1, 2022 4:33 am

The “Blame Game” is afoot. Today, the oil industry. Tomorrow the electric utilities, for rising rates and falling reliability.

MarkW
Reply to  Ed Reid
April 1, 2022 8:26 am

No matter how bad the policy, it’s always the fault of those charged with implementing the policies, for failing to implement the policies correctly.

David Elstrom
April 1, 2022 5:54 am

The dim bulb, self-anointed DC masterminds inadvertently admit their knowledge of supply and demand, because they say releasing strategic reserve oil will lower prices. They assume normal Americans are too stupid to know this is a temporary “fix.” Ever the American Marxists, and in light of their abject contempt and hatred for normal Americans, the permanent solution they never entertain is getting their boots off the neck of the fossil fuels industry.

VOWG
April 1, 2022 5:55 am

They got to have something to do, plus they get extra money for committees and the like.

DaveinCalgary
April 1, 2022 8:03 am

I would have thought energy CEOs would jump at the chance to explain how government has created the supply problem and driven prices up.

Perhaps they think their message will be twisted and muted and that no good can come from speaking the truth?

Seems like a glorious opportunity to me.

MarkW
Reply to  DaveinCalgary
April 1, 2022 8:29 am

You don’t understand how these circuses operate.
The politicians grandstand, make grand speeches, then the oil company executives are given a few moments to explain themselves and fall on their swords.

JamesD
April 1, 2022 8:39 am

There’s no gasoline shortage. Just the dollar being turned into a third world rag.

Neo
April 1, 2022 9:50 am

Goin’ Green! Lithium Prices UP 761% Since Biden Elected,
Making Electric Cars Even MORE Unaffordable

Neo
April 1, 2022 9:59 am

Not All Oil Price Shocks Are Alike:
Disentangling Demand and Supply Shocks in the Crude Oil Market
https://www.bancaditalia.it/pubblicazioni/altri-atti-seminari/2009/Kilian_230209.pdf

Replication data for: Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market
https://www.openicpsr.org/openicpsr/project/113299/version/V1/view

Last edited 3 months ago by Neo
Sara
April 1, 2022 10:47 am

Excuse me for being obvious, but wasn’t it the democrackpots who shut down drilling for new sources? Aren’t THEY the ones who smacked the Tribes right in the face by denying them the privilege of profiting from THEIR tribal investment – something on the order of several billion dollars, IIRC, — in the Keystone Pipeline?????

What a bunch of clackers these people are. It isn’t the traders that are at fault here: it’s the politicians, who need a dose of their own medicine, good and hard dose. I am so fed up with those pompous clankers…..

Ruleo
April 1, 2022 12:19 pm

Based on the title for the hearing quite clearly they already have a forgone conclusion.

More theater.

ScienceABC123
April 1, 2022 5:09 pm

A conclusion in search of supporting evidence…

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