We’ve covered extensively how the price gouging narrative is demonstrably false, but this CBS investigation was so good, we are just re-posting it in its entirety. CBS: State gas prices are the highest in the U.S., but the only price gouging going on is from the state...
As the election heats up, some politicians are yet again attempting to revive the tired and debunked myth that American energy producers are artificially raising energy prices on consumers. Later this afternoon, Democrats on the House Natural Resources committee plan to host a Roundtable on...
Everything old is new again. This week, U.S. Senator Sheldon Whitehouse (D-RI) came back with a revised version of his spectacularly incorrect “price gouging” theory. Speaking to E&E News about ExxonMobil’s and Chevron’s recently proposed acquisitions, Sen. Whitehouse made the bizarre claim that oil majors...
California Gov. Gavin Newsom (D) continues to blame the oil and natural gas industry for high energy prices. California consumers’ energy costs have increased over the past due to a combination of statewide policies, regional weather fluctuations, pipeline availability and increased wholesale prices. In a...
California lawmakers kicked off a special legislative session today at the behest of Gov. Gavin Newsom (D) to evaluate “a price-gouging penalty on oil companies that choose to rake in excessive profits at the expense of Californians,” despite allegations of price gouging being thoroughly debunked...
The mixed messages on domestic energy production from the Biden administration continue, this time, echoed by California Governor Gavin Newsom as gas prices inch higher across the country and surge in California. Mixed Messages from the White House Last week, President Biden made the unfounded...
With Hurricane Ian bearing down the Gulf Coast of Florida, President Joe Biden took the opportunity to once again push debunked claims of gasoline price gouging by the U.S. energy industry during a White House event on Wednesday. Biden said: “Do not — let me,...
Claims that oil and natural gas producers are price gouging have been met with swift rebuttal from experts across the country, but that hasn’t stopped members of Congress from pushing this narrative. That includes what is being hailed as a “blockbuster” report this week –...
Misguided claims of gasoline price gouging continue to bounce around Capitol Hill with the latest salvo coming from Energy & Commerce Committee Chairman Frank Pallone (D-N.J.) even though both Democratic and Republican-aligned economists, independent energy analysts, and the media have stated over and over again...
House Democrats passed a bill on Thursday to give the Federal Trade Commission greater power to investigate alleged gasoline price gouging, but even the media is calling out the legislation as nothing more than a PR strategy. The Hill reported that the bill is going...
There was broad, bipartisan consensus that energy price inflation is an issue of supply and demand mismatch, not price gouging at an event hosted by the Federal Reserve Bank of Minneapolis last week. Lutz Kilian, a Senior Economic Policy Advisor at the Federal Reserve Bank...
Last week, Democrats in Congress announced upcoming legislation that would give the Federal Trade Commission and state attorneys general “increased authority” to investigate alleged gasoline price gouging. But the news was met with immediate pushback from the media, industry, and top government officials who state...