Pelosi hammers gas companies for consumer ‘exploitation’

[mystery-ak]

 Pelosi hammers gas companies for consumer ‘exploitation’
by Mike Lillis - 05/12/22 1:11 PM ET

Speaker Nancy Pelosi (D-Calif.) on Thursday went after the nation’s largest oil companies, accusing the industry of “exploiting” consumers with sky-high gas prices even as the same companies are reporting record profits this year.

“This is a major exploitation of the consumer, because this is a product the consumer must have,” Pelosi said during a press briefing in the Capitol.

The leap in prices at the pump, part of a larger inflationary spike affecting a host of consumer goods, has dogged President Biden and his Democratic allies on Capitol Hill, who are scrambling for ways to reverse the trend ahead of November’s midterm elections.

As part of that effort, House Democrats will vote next week on legislation empowering the Biden administration to issue an emergency declaration barring oil companies from setting gas and home energy prices deemed to be “unconscionably excessive” or indicative that “the seller is exploiting the circumstances related to an energy emergency to increase prices unreasonably.”

more
https://thehill.com/news/house/3486245-pelosi-hammers-gas-companies-for-consumer-exploitation/

[Kamaji]

[DefiantMassRINO]

Oh, are the Dems about to attempt 1970's style price controls?  Ooooh, could rent control be next?

Yes, implementing past failed economic policies from the 1970's will be different this time - it still won't work.

Can whale and seal blubber be renderred into fuels and oils?  They deserve to die because they produce carbon dioxide and methane.

[GrouchoTex]

...and the Administration just closed leases in Alaska and the Gulf.

[Kamaji]

Oh, are the Dems about to attempt 1970's style price controls?  Ooooh, could rent control be next?

Yes, implementing past failed economic policies from the 1970's will be different this time - it still won't work.

Can whale and seal blubber be renderred into fuels and oils?  They deserve to die because they produce carbon dioxide and methane.

I am quite certain that price controls will be run up the flag pole this summer.

[Smokin Joe]

Oh, are the Dems about to attempt 1970's style price controls?  Ooooh, could rent control be next?

Yes, implementing past failed economic policies from the 1970's will be different this time - it still won't work.

Can whale and seal blubber be renderred into fuels and oils?  They deserve to die because they produce carbon dioxide and methane.

The oil companies saved the whales once, or the last rendered one would have been burned in a lamp on Beacon Hill a long time ago.

Typical Munchhausen by Proxy...Democrats create a problem, then provide the solution, casting themselves as the heroes come to save the day.  But their solutions contain inherent unintended consequences.

[GtHawk]

Everything old is new again, maybe the dems should be called the Rerun Party, they rerun the policies that destroy the economy, they rerun the policies that make us dependent on foreign oil then they rerun the policies of blaming Big Oil 

[christian]

Bend over and grab your ankles, Bidens in control and anything is better than Trump in office!  This only happened because of election fraud and the 'herd' being stampeded of useful fools!  Can you even figure out whose to blame?
The democrats that were in bed with them now want to express they care, while they and they they are in bed with haul in the dough!

[Free Vulcan]

Everything old is new again, maybe the dems should be called the Rerun Party, they rerun the policies that destroy the economy, they rerun the policies that make us dependent on foreign oil then they rerun the policies of blaming Big Oil 

Welcome back Mr. Kotter.