'The bewildering incongruity between falling oil prices and rising gas prices smacks of price gouging and is deeply damaging to working Americans.' 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," said one watchdog group."They should be ashamed.
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 hasthe 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.
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.
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