House panel grills oil company CEOs amid skyrocketing gas prices



A House Energy and Commerce subcommittee questioned executives from BP America, Chevron, Shell, ExxonMobil and other major oil companies about rising gas prices.

#ABCNews #oil #GasPrices #energy #commerce #Congress

Original source (ABC/Youtube)

47 comments

  1. Ok. Let me get this straight. The Green New Deal geniuses get the demented buffoon in the White House to strangle production. Now they are yelling at the energy producers for not not producing as much. That about right?

  2. Are you ripping the American people off? Congress should've asked this question long ago and it's a question everyone already knows the answer to I think a major boycott is in order ask yourself is this trip necessary let them drown in the crap like they did during the start of the pandemic remember the oil producers had to pay people to take it this way we can take politics out of it and put it in are hands where it should be

  3. These CEO,s should be brought before a court who can get answers . This is truly greed and oil companies rule the world ,governments are like toothless dragons . Wake up world we need to stop this destruction of our world by stopping this greed ,so we can save this world for the next generation .

  4. As an oil share holder… Politicians keep your corrupt hands out of oil corporations.. You don't run companies.. Wait until China finish with the Chinese virus crisis oil is going to blow up in our faces..

  5. There are over 9000 APPROVED oil drilling permits in the US. Sounds to me like the present administration is just passing the buck instead of doing what is right for all Americans. Playing the blame game never accomplishes anything

  6. US oil companies reported record profits of 215 billion dollars for 2021. In other words corporate america profits off of your misfortune.

  7. I don’t get why everyone blames a president when the price of gas is up. He has no control. The the companies who sell them that are price gouging. They take any excuse that happens as a reason the raise the price of gas.

  8. No more subsities!!!!! No more! Enough is enough!!!!

  9. " these prices are outrageous" what the hell are you complaining about. This is exactly what you voted for. Wide open borders, and $10 a gallon gas. Joe Biden told everyone he was going to shut down the gas and oil industry. And it's literally the only promise he has kept.

  10. It's about time Congress has held these despicable ghouls accountable for price gouging the American people!!!

  11. Oh yea…took care of the problem …lol

  12. Jesus these guys are bad 😹

  13. congress will do nothing about gas prices because they get money from oil companies fir their campaigns for election
    Just my opinion

  14. Vote to get rid of Biden, AOC and the Squad in the next election πŸš™πŸš™πŸš™πŸš™πŸš™πŸš™πŸ‘πŸ‘πŸ‘..Let's Go Brandon!!!πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘

  15. Forget the grilling, those CEOs need to be thrown in a frying pan and fried in their own oil

  16. Protest outside Oil company CEO's houses and treat them and their family members as if they were US vote officials.

    Photos of Russian oligarchs and their yachts are shown in the media. Where are the photos of European and American Oil executives?

    Looks like the Russian oligarchs spent the Russian weapons money on yachts & holiday resorts.

  17. More like flails uselessy in the wind… Nothing's going to happen…..

  18. One solution might be for every American to invest in energy companies, or short them to earn enough gains to pay for their gas on a weekly basis. Then the "government" can tax the gains and invest in renewable energy. Does everyone win in that scenario? Oh wait the people that are struggling to pay for gas to get to work to create profit for companies to further economic growth and innovation may have a "hard time" participating in said cycle. However they might be able to if they were able to save just a little each month and get off "government assistance." How on earth can we set forth a path for them to do so?

  19. The only people to blame are Democrats. Your policies alone contributed to inflation and high gas prices

  20. If the price of oil is decided by the oil companies, the taxes are decided by the government, so for the consumer there is no relief 😑😠🀬

  21. Price gouging, sure they’ll get record bonuses

  22. The democrats have done everything they can since jan 2021 to decrease US oil production. Now they blame oil producers for high gas prices they are responsible for.

  23. Since most don't know what they're talking about when it comes to oil production, just shut up and sit down. American policies/comments(Biden) since January has made the world worst than it's ever been in my life time…….yes, even worst that Carter. Oil prices are quoted on speculation which move up and down daily and are not fixed. Most of you folks have never owned a business and have no clue. I hope the Dems enjoy their time in the sun….because the American people are not stupid(most anyway) and come this November you'll be looking for another job!!!

  24. Really you liberals are a piece of work. Higher prices means lower demand. Lower demand means less oil production, less fossil fuel consumption, less harm to the environment. Yet as soon as you start to feel a little pain from a drop in oil production, it's nevermind, give us more oil please. You really are a piece of work.

  25. There are over 9000 APPROVED oil drilling permits in the US. Sounds to me like the present administration is just passing the buck instead of doing what is right for all Americans. Playing the blame game never accomplishes anything

  26. Do you REALLY think they are patriotic? That they care about saving people money? I cannot go on vacation because had prices are too high. Think that BPASSHOLE CARES?

  27. Oooohhh… Congress grilled someone. Think those CEOs CARE?

  28. The US government is stealing money from people's money in the stock market to try to fight inflation!

  29. Another congressional circus that only makes them look ignorant.

  30. I wouldn't call it "loyal devoted customer"
    Specially when the Car Oligarchs & the oil Barons colluded for it to be this way ! Building thier dedicated base of money depositors to their schemes!

    Back in the day there was Electric cables already wired up from the trolly's and stuff downtown's? But these 2 industries wanted untold wealth and got laws passed to not build one I guess, lol

  31. It’s time to expand on renewable energy. People have invented motor vehicles that run on H2O but guess who influenced who to scrap that idea? F8ck these oil and gas companies.

  32. If the federal government is so concerned about us little people, why don't they suspend the federal gas tax?

  33. What! No Way! You don't get to do the news anymore. Remind us how "everything" is Trump's fault losers! Russian Operative. You lost all credibility, and we are watching you FAIL. You would triple your viewership if you did real news like investigate lying cheating Hillary. Russian Operative. You didn't give the man a chance and said horrific and TRAITORIST lies. We won't just blow this off. Now Hunters Laptop$$$$$$$

  34. Is someone talking about the relatively outrageous Mortgage rates ?

  35. JOE BIDEN SAID HE WANTS TO PUT THEM OUT OF BUSINESS WOW WHAT DO NOT YOU PEOPLE SEE

  36. Where is Katie Porter and her whiteboard???

  37. It's just a big dog and pony show. If they really cared they would stop giving the gas companies billions in subsidies from our tax money!! They just want everyone to see this and saw, wow, look at them go after theses guys.

  38. Greed….. price of barrels went back down and prices didn’t, in some places went up even more. Oh, now it’s something else driving the price up. It’s all B.S.

  39. It's not enough to grill them, put strong sanctions on those gritty bastards.

  40. Those oil companies are greedy and senseless blood suckers.

  41. No!!! We must all be as cutthroat and evil to each other that we possibly can. We're humans for crissake

  42. ps canada has more oil and gas than Saudi Arabia. Pro OPEC money spent on oil disinformation. Hugh refineries gas plants not producing

  43. I don’t get why everyone blames a president when the price of gas is up. He has no control. The the companies who sell them that are price gouging. They take any excuse that happens as a reason the raise the price of gas.

  44. This is a Democrat's parade to bring the bidenights failures to allowing companies to get oil from Americans

  45. The CEO's aren't the problem . It's Joe Biden and his Failed Polices !!!

  46. This is what happens when nations sells it natural resources production to private companies who then fleece everyone in the name of greed and profits. Its a monopoly its controlled its fixed, they claim its the market when the truth is they are the market. Lets get honest here calculating the cost of production from ground to pump must be possible so then why not just put a cap on the sale price and job done?

  47. The state of California should drill and process the oil in their state.