WASHINGTON — Executives of major oil and gas companies will be called “in the coming weeks” to testify before Congress about gasoline and oil prices and to answer questions about potential price gouging, the top Senate Democrat said.
Speaking from the Senate floor Wednesday, Majority Leader Charles E. Schumer, D-N.Y., said Congress will call on CEOs from major oil and gas companies to answer questions about the recent increase in oil and gasoline prices.
“The CEOs of large oil and gas companies should be advised they’ll have to provide answers before the Senate very soon,” Schumer said, placing emphasis on corporate stock buybacks the industry has executed in recent months.
