On Apr. 6, executives from six oil companies will face questions from US lawmakers over high energy prices — and what, exactly, they plan to do about it. Washington ofOcials for months have accused the oil industry of price gouging as the market tightened, but the ability to directly act on those allegations is limited. House Rep. Frank Pallone (D-New Jersey), who chairs the House Energy and Commerce Committee, alleged “the oil industry has not taken all actions within its power to lower domestic gasoline prices and alleviate Americans’ pain at the pump” in his letter asking executives to testify. Representatives from BP, Chevron, Devon Energy, Exxon Mobil, Pioneer Natural Resources and Shell all plan to testify.
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