Congressional Democrats excoriated executives from some of the world’s biggest oil companies on April 6, accusing them of exploiting the war in Ukraine and a surge in crude prices to secure windfall profits at the expense of American motorists.
Oil companies are “ripping off the American people at a time of record profits” and “profiteering from our continued reliance on this volatile global commodity,” said Rep. Frank Pallone (D-N.J.), who heads the House Energy and Commerce Committee. The American people are suffering “as these companies choose to keep production low so that their own profits stay high,” he added.
