NJ Spotlight News
Business Report: Oil executives grilled in Congress
Clip: 4/6/2022 | 2m 24sVideo has Closed Captions
US Rep. Pallone said oil companies using profits to benefit shareholders, not consumers
The high cost of gas was the focus of a congressional committee hearing on Wednesday, and six "Big Oil" executives were in the hot seat. U.S. Rep. Frank Pallone (D-6th) said oil companies are making billions of dollars and are using their big profits to benefit shareholders and not consumers. The executives said they're not keeping prices artificially high to inflate profits.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Oil executives grilled in Congress
Clip: 4/6/2022 | 2m 24sVideo has Closed Captions
The high cost of gas was the focus of a congressional committee hearing on Wednesday, and six "Big Oil" executives were in the hot seat. U.S. Rep. Frank Pallone (D-6th) said oil companies are making billions of dollars and are using their big profits to benefit shareholders and not consumers. The executives said they're not keeping prices artificially high to inflate profits.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS