Transport Topics (March 30, 2020)
The House Energy and Commerce Committee will hold a hearing April 6 with oil company executives regarding skyrocketing gasoline prices. Officials from Devon Energy Corp. and Exxon Mobil Corp., BP Plc, Chevron Corp. and Shell Plc will be among the witnesses who plan to participate. Pioneer Natural Resources Co. executives also may testify. The committee’s chairman, New Jersey Democrat Frank Pallone, has accused the oil industry of maintaining artificially high energy prices and profits ”by keeping domestic oil production low and funneling revenue back to investors and executives.”