and Democrats to increase oil production, with the House Energy and Commerce Committee's hearing Wednesday entitled,"Gouged at the gas station: Big Oil and America's pain at the pump."
"We understand oil is a global commodity," she said."But here's the thing, if the price of gas is driven by the global market, why are fuel prices still at record highs? Something doesn't add up." Pioneer Natural Resources CEO Scott Sheffield testified how financing had become increasingly difficult to come by following the 2014 oil price crash.
Devon Energy CEO Richard Muncrief said supply chain holdups and worker shortages were causing delays in bringing wells into production.
That s correct. They also do not control the supply.
If they wanted to act as good citizens- and not war profiteers… oil produced in America could be sold for refining ( gasoline ) and sold in America at production cost plus X profit , instead of XXX profit ..
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A message to Biden: We need more oil, let companies produce more oilPresident Biden is attacking oil companies for failing to do exactly what his administration has been preventing them from doing since he took office – increasing oil production. BOYCOTT FOX NEWS. Sometimes brandon needs to hear the obvious
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