{"id":1416359,"date":"2022-04-02T19:15:10","date_gmt":"2022-04-02T23:15:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1416359"},"modified":"2022-04-02T19:15:13","modified_gmt":"2022-04-02T23:15:13","slug":"dem-rep-pocan-theres-been-price-gouging-in-oil-for-over-a-year-now","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-rep-pocan-theres-been-price-gouging-in-oil-for-over-a-year-now\/","title":{"rendered":"Dem Rep. Pocan: There&#039;s Been Price Gouging in Oil &#039;For Over a Year Now&#039;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdem-rep-pocan-theres-been-price-gouging-in-oil-for-over-a-year-now%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1416359&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>On Friday\u2019s broadcast of C-SPAN\u2019s \u201cWashington Journal,\u201d Rep. Mark Pocan (D-WI) said there has been price gouging \u201cby oil companies for over a year now.\u201d And that the significant drop in the price of oil after President Joe Biden announced he\u2019d release oil from the Strategic Petroleum Reserve shows that the price was artificially high.<\/p>\n<p>Pocan said, \u201cI actually think we should be much more aggressive with some of the oil company executives. You have to remember, gas prices started going up about last March when, in Texas, their energy grid wasn\u2019t properly supported for the weather. They had some outages that affect some of the processing, and the next thing you know, gas prices shot up and they never went down. And we now have recordings from oil executives where they\u2019ve said that they didn\u2019t increase production in order to return more for their shareholders. They didn\u2019t give a damn about consumers, what they cared about were their bottom lines. And that\u2019s had prices up, and now, with the war in Ukraine, clearly, that\u2019s having an additional effect. So, the president\u2019s doing the right thing to try to affect prices. But this is one where I\u2019m glad the Energy and Commerce Committee has invited oil company executives to come in for a hearing. Because I think there\u2019s a lot more to this story that involves a lot of price gouging that also has to be looked at.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>He added, \u201c[W]e should be talking about what the reality is, which is, again, price gouging, I think, by oil companies for over a year now. But we should really put some pressure on them. All it took was the president to say he was going to release more oil and the price per barrel went down significantly. That shows you the artificially high price that\u2019s been out there and that\u2019s the right thing the president\u2019s doing by going after those companies and Congress having hearings on that.\u201d<\/p>\n<p><em>Follow Ian\u00a0Hanchett on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday\u2019s broadcast of C-SPAN\u2019s \u201cWashington Journal,\u201d Rep. Mark Pocan (D-WI) said there has been price gouging \u201cby oil companies for over a year now.\u201d And that the significant drop<\/p>\n","protected":false},"author":33,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1416359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1416359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1416359"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1416359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1416359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1416359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1416359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}