‘Big oil is ripping off the American people,’ Pallone says in announcing bill to target industry

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Rep. Frank Pallone Jr., chair of the House Energy and Commerce Committee, joined other congressional leaders to announce their response to the rising price of gasoline.

Rep. Frank Pallone Jr. speaks at a Capitol Hill press conference April 28, 2022, with Senate Majority Leader Chuck Schumer, D-N.Y., and House Speaker Nancy Pelosi, D-Calif.With the average price of a gallon of regular gasoline up 44% in a year, Rep. Frank Pallone Jr. joined other congressional Democratic leaders Thursday in announcing new legislation that would increase government oversight of the oil industry.

But some Americans blame President Joe Biden, not the Ukraine war or COVID for the rise in prices. In areleased last month, 41% blamed the administration’s economic policies, 24% blamed the Russian invasion of Ukraine, 24% blamed the oil companies, and just 5% blamed the economy reopening following the pandemic.

And Frank Macchiarola, senior vice president of policy, economics and regulatory affairs for the American Petroleum Institute, said that numerous federal and state investigations going back a decade repeatedly have found that gas price hikes are due to the marketplace, not illegal behavior. “We wouldn’t be here if the oil companies were using it to make the American consumers’ price cheaper.” said Schumer, D-N.Ysuspending the federal gas tax

 

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They act like this is gonna only hurt the oil companies when in reality all its gonna do is hurt the consumer. These people are batching crazy for proposing this when gas prices are already high

The democrat party accept millions from the oil companies every year. Tell us the truth democrats.

Actually the senatenj & NJSenDems and all politicians are ripping off the American ppl.

Are you kidding me? Who killed off energy independence?

We all watched Biden signed a huge stack of executive orders on live TV on day 1 of his presidency. 🤡 Those executive orders directly caused the gas price crisis by banning drilling permits & pipelines. 🤡 The American people are not stupid.

Who let these three out of the nursing home at the same time? Where are the attendants?

Once again democrats blaming someone else for their misdeeds.

Yeah, yeah, remember when Biden said the president should take responsibility

I guess these democrats or their families don’t own any oil co stock.

Wait, I was told it was Putin…

You tell ‘em Frank!

Not as much as Biden is

And Big Tech rips off American's freedom of speech so what are you going to do about that? FIRSTAMENDMENTMATTERS

Whatever Democrats target they just put a 'Big' in front of it and their little minions eat it up.

Lol, you just figured this out

'Offshore wind is hugely expensive, much more so than solar, onshore wind, hydropower, geothermal, or even nuclear power,' writes Jonathan Lesser.

As they have been for a century...

The Addams family said…

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 /  🏆 282. in TH

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