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:
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 CorporationRichard E. Muncrief
President and Chief Executive Officer
Devon Energy CorporationDarren W. Woods
Chief Executive Officer
ExxonMobil CorporationScott D. Sheffield
Chief Executive Officer
Pioneer Natural Resources CompanyGretchen Watkins
Source: https://energycommerce.house.gov/committee-activity/hearings/hearing-on-gouged-at-the-gas-station-big-oil-and-americas-pain-at-the
President
Shell USA, Inc.
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.
The “Blame Game” is afoot. Today, the oil industry. Tomorrow the electric utilities, for rising rates and falling reliability.
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.
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.
They got to have something to do, plus they get extra money for committees and the like.
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.
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.
There’s no gasoline shortage. Just the dollar being turned into a third world rag.
Goin’ Green! Lithium Prices UP 761% Since Biden Elected,
Making Electric Cars Even MORE Unaffordable
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
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…..
Based on the title for the hearing quite clearly they already have a forgone conclusion.
More theater.
A conclusion in search of supporting evidence…