'Big Oil is lining their pockets with one hand and taking billions in taxpayer subsidies with the other,' FrankPallone said during the hearing on fossil fuel corporations' profiteering. 'Meanwhile, the American people are getting ripped off.'
"Big Oil is lining their pockets with one hand and taking billions in taxpayer subsidies with the other. Meanwhile, the American people are getting ripped off."Democratic lawmakers inside the halls of Congress and activists outside on Wednesday excoriated Big Oil executives for reaping record corporate profits by price gouging U.S. consumers.
"At a time of record profits, Big Oil is refusing to increase production to provide the American people some much-needed relief at the gas pump," House Energy and Commerce Committee Chair Frank Pallone said during a"Instead, they are buying back their stock at an estimated cost of about $40 billion this year," he continued."Big Oil is lining their pockets with one hand and taking billions in taxpayer subsidies with the other.
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