Tag Archives: House Oversight Committee

Business, Climate Solutions, News, Politics

As Consumers Pay, Oil CEO’s Refuse to Testify to Congress About Soaring Prices

“While Americans struggle with high gas prices, these companies are doing victory laps, showering their already wealthy executives and shareholders with billions in stock buybacks and bonus compensation,” said one watchdog group. “They should be ashamed.”

As people across the United States face record-high gas prices—compounded by rising grocery bills and prices for other essentials—executives at three major oil companies are refusing to testify before Congress about what their firms could do to lessen the burden on U.S. households, leaving Democratic lawmakers and consumer advocates to condemn the companies for profiting amid lower and middle-class people’s financial pain.

Rep. Raúl M. Grijalva (D-Ariz.), who chairs the House Natural Resources Committee, had invited the CEOs of EOG Resources Inc., Devon Energy Corp. and Occidental Petroleum Corp. to testify next week, only to be rebuffedTuesday by the executives, who have personally profited off gas prices which averaged $4.24 per gallon on Monday.

“I invited these companies to come before the committee and make their case, but apparently they don’t think it’s worth defending,” Grijalva said in a statement Tuesday. “Their silence tells us all we need to know—that cries for more drilling and looser regulations are nothing more than another age-old attempt to line their own pockets.

Since oil and gas prices began rising earlier this year as traveling and commuting increased, and went up further following Russia’s invasion of Ukraine in February, the fossil fuel industry has claimed the Biden administration should release more permits for drilling on public lands and accelerate approval of permits for building energy infrastructure, with the American Petroleum Institute pushing for what Grijalva called “a domestic drilling free-for-all” earlier this month.

Lawmakers including Grijalva have argued that the companies could easily stabilize gas prices immediately, considering the billions of dollars in profits EOG Resources, Devon Energy, and Occidental Petroleum raked in last year.

Instead, watchdog group Accountable.US said Tuesday, Occidental Petroleum planned to use $3 billion for stock buybacks in 2022, while Devon Energy gave nearly $2 billion in share buybacks and dividends to shareholders last year. EOG Resources gave CEO William R. Thomas a $150,000 raise in 2021, making his total compensation $9.8 million.

“We want to work with them to reduce gas prices, but it seems as though they’re too busy taking in record profits while refusing to pass savings on to consumers,” said Rep. Mike Levin (D-Calif.), a member of the Natural Resources Committee.

Rep. Mark Pocan (D-Wis.) sarcastically expressed empathy for the “spineless” executives who refused to testify before Grijalva’s committee.

“It is hardly surprising that EOG Resources, Devon Energy, and Occidental Petroleum are dodging accountability by refusing to testify in Congress,” said Kyle Herrig, president of watchdog group Accountable.US. “While Americans struggle with high gas prices, these companies are doing victory laps, showering their already wealthy executives and shareholders with billions in stock buybacks and bonus compensation. They should be ashamed.”

Grijalva noted that while the industry has used the Russian invasion of Ukraine to call for even more freedom to drill for oil and gas, fossil fuel companies hold leases on 26 million acres of land.

“These same companies already have over 9,000 approved permits they can use whenever they want,” Grijalva told Public News Service on Tuesday. “And the very companies with thousands of acres of existing leases and hundreds of unused permits are the same ones shouting that they need more land for drilling.”

According to Accountable.US, the three companies refusing to speak to Grijalva’s committee “are among the top leaseholders of public lands oil and gas leases with 4,114 leases covering nearly 1.5 million acres.”

Companies including BP, Chevron, Exxon Mobil, and Shell have also been invited to testify at upcoming hearings on their business practices and impacts on consumers. In February, board members from the four companies refused to testify about the firms’ climate pledges.

Senate Majority Leader Chuck Schumer (D-N.Y.) noted last week that oil prices dropped in recent days, but no savings were passed onto consumers.

“The bewildering incongruity between falling oil prices and rising gas prices smacks of price gouging and is deeply damaging to working Americans,” Schumer said last week. “The Senate is going to get answers.”

Originally published on Common Dreams by JULIA CONLEY  and republished under Creative Commons (CC BY-NC-ND 3.0).

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Observation, Politics

Can Evil Succeed in the USA? Trump’s Attacks are Hitler-esque, and it Took a World War to Stop Him

Thankfully, weekend headlines were replete with stories denouncing Trump’s most recent barrage of racist tweets, these singling out Rep. Elijah Cummings and Baltimore, and the district that he represents.

@TheRealAdolfHitler: What if Hitler was on twitter? would he tweet about “rat infested” Jewish areas of Berlin?…

Even CNN, until recently not known for hard line resistance, pointed out and criticized the Nazi-like tone and technique in the tweets – how they echo the Nazi era anti-Semitic propaganda, that labeled Jews as “parasites” and used photos of rats to imply filth and disease. Infestation was also a concept used, the implication that Jews, like rats, carried disease and decay.

Or would Joseph Goebbles have his own account?

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The most alarming, discouraging element of this ongoing debasement of our political discourse is the possibility that this disgusting circus could be extended initially through 2020, and even into another four years and beyond.

“It can’t happen here” is a well known phrase and the title of an influential novel from 1935 by Sinclair Lewis. In many ways, as others have pointed out, Trump echos the main character and could even conceivably have used his story as a blueprint for his career in politics.

The phrase, “it can’t happen here”, seems to be contradicted on a daily basis since November 9, 2016, and the degree to which the horrors of the past can be repeated, or at least echoed continues, with seemingly no end in sight.

The “enemy of the people”, as Trump has labeled the media (at least all that dare to speak out against him), seem to be the only hope, ultimately, of effecting a change for the better, which can only come once Trump is no longer in power.

The attacks on Cummings were racist propaganda, of that, there is no doubt. There is also a clear motive for the attacks, since the target is the chairman of the House Oversight Committee, which is charged with overseeing the Executive Branch, including the office of the President.

After years of endless lies, Trump appears to be upping his game, ahead of the coming election. With a clear pattern of weekend twitter propaganda, such as the “go back” tweets, which for most represented a new low, and yet are clearly outdone by this weeks sequel.

Many articles and famous figures have responded, from the Baltimore Sun’s scathing inditement, to CNN’s Victor Blackwell and his live on-air, heart-felt reaction, and even Stephen Curry’s comment on his segment:

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Reactions show Courage and Conviction

As the years of this presidency have progressed, and the lies and vicious attacks have escalated, the press has also adapted and evolved.

For almost a year after the 2017 inauguration, the press generally avoided using the word “lie” in reports of Trump’s “untruths”. There was an attempt to maintain respect for the office and to somehow show deference to a man that, ultimately, has proven himself to be beneath that courtesy. As the lies continued to pile up and the press was directly attacked on many occasions, boldness and honesty begin to seep into the reporting.

“…all of us, starting with the media, must speak out now, and not stop until he is gone.”

Now, the words “racist” and “bigot” are necessary and accurate in any description of the man, or his actions and ideas. The tweets of the last few weeks have set a new lower standard, even for Trump, in how blatantly his bigotry and racism can be displayed.

The congressman himself had several strong responses to the attacks that should be seen:

Ultimately, unless we want to see a future that mirrors the almost 12 years, between the time that Hitler became chancellor of Germany until his death, and experience a fate that is potentially even worse: all of us, starting with the media, must speak out now, and not stop until he is gone.

In the past, comparisons with Hitler were a kind of “red-line” that was seldom crossed, as the horrific historical legacy of the Nazis was thought to be too extreme, even to contemplate, in a modern day figure.

“Afghanistan would be wiped off the face of the Earth – – it would literally be over in 10 days” -because- “I just don’t want to kill ten million people”

Now, we are talking about a man who only last week boasted that, if he wanted, “Afghanistan would be wiped off the face of the Earth – – it would literally be over in 10 days” because “I just don’t want to kill ten million people”. Implying that he could change his mind about not killing 10 million in Afghanistan, or anywhere else, at any time.

This past weekend may, one-day, be seen as the beginning of a march toward 2020 and another Trump term, with consequent escalation of all the ugly policies and actions.

It could be just the beginning, with all this power-drunk behavior, from a man that has indicated that he believes his supporters might “demand” that he serve more than 8 years. And “joked” that he feels he should be “president for life”, after repealing the 22nd amendment.

Combine these disturbing ideas and extrapolate, even just slightly forward, and step by step, we are talking about a future that is virtually impossible to imagine in its potential for hate, death and destruction.

We are entering a time when the transition to calling “a lie” a lie, a “racist” a racist and soon a “fascist” a fascist, will either work to eventually re-establish the goal of democracy and equality and truth as our real American greatness, or Trump will indeed be a new, far worse, version of Hitler, Goebbles and the Third Reich all rolled into one.

Hyperbole? Hysteria? This is a time when a single man or woman can influence the future of this country and the world. Will it be this man? This racist, bigoted, hateful, corrupt “rat” of a man?

Or will it be you, as one of millions who will stop him? As history indicates, the real choice is to begin the movement to stop him now, or look forward to horrors from which the world itself may not survive.

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