Democrats Go After Big Oil "Vultures" Over Gasoline Price Gouging | OilPrice.com

Contributing sentiments towards policy:

54% : The Biden Administration's insistence that oil companies are manipulating the market led to a hearing at the House Committee on Energy and Commerce earlier this month, at which CEOs at the biggest oil corporations in America were grilled about their role in setting the gasoline prices.
39% : While Democrats continued to accuse oil companies of price gouging, the top executives of Exxon, Chevron, BP America, Shell USA, Devon Energy, and Pioneer Natural Resources found themselves explaining the basics of economics and how crude oil production and fuel distribution work in a free market.
38% : Democrats said on Thursday that they would propose legislation to allow state and federal agencies to "go after" oil companies over what Democratic lawmakers continue to describe as market manipulation and price gouging at the pump that is ripping off Americans.
26% : Senate Majority Leader Chuck Schumer, for his part, said that the COVID crisis and the Russian invasion of Ukraine have left American consumers "vulnerable to market manipulation and price gouging.""Big Oil companies are using both these issues for price gouging and market manipulation to cash in," Schumer said, comparing oil companies to "vultures" that booked record profits last year and used the COVID and Ukraine tragedies for market manipulation.

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