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CEOs Appearing Before House Hearing On 'Price Gouging'

ENERGY SECURITY

10:30 ET/15:30 BST: A House Energy and Commerce Committee hearing titled ‘Gouged at the Gas Station: Big Oil and America’s Pain at the Pump’ is due to begin shortly.

  • A livestream of the hearing can be followed: Here.
  • CEOs appearing in front of the committee: Darren Woods (Exxon Mobil), David Lawler (BP America), Michael K. Wirth (Chevron), Gretchen Watkins (Shell), Richard E. Muncrief (Devon Energy), Scott Sheffield (Pioneer).
  • Committee Chair Frank Pallone (D-NJ): ‘We’re basically gonna hold the oil companies accountable. I mean, they’ve been price gouging, and they keep the prices artificially high. And we want to call them out.’
  • The hearing is part of a Congressional drive to compel energy companies to tackle rising energy prices. CEOs are expected to be grilled on the prospect of a 'windfall tax' on oil profits and a 'use it or lose it' policy proposed by President Biden recently to force oil production of federal leases.
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets

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