Progressive Democrats are accusing oil companies of "profiteering" and are demanding they face "consequences" for high prices at the pump as the price of crude oil fell below $100 on Monday and continued to decline Tuesday. But the industry has fired back, saying these Democrats are "grandstanding" instead of proposing solutions to the gas crisis.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) on Monday responded to MSNBC host Stephanie Ruhle, who asked "what's going on" with gas prices averaging $4.32 per gallon on Monday while the price of crude oil dropped 8% and fell below $100 per barrel. "Profiteering. And there should be consequences for it," the congresswoman replied.
Fellow "squad" member Rep. Ilhan Omar (D-Minn.) echoed her comments, writing, "Big oil CEOs need to be held accountable for profiteering, this can’t stand."
And another congressman, Rep. Mondaire Jones (D-N.Y.), accused oil companies of "price-gouging" and said, "Congress must pass legislation to stop it."
AOC demands 'consequences' for big oil 'profiteering'; industry claps back with an economics lesson
- by: CHRIS PANDOLFO
- 03.15.22
- Source:
Conservative Review
- 03/17/2022
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