‘There Should Be Consequences for It’: Ocasio-Cortez Slams Big Oil Price Gouging

Echoing her fellow “Squad” member, Rep. Ilhan Omar (D-Minn.) said that “Big Oil CEOs need to be held accountable for profiteering.”

Rep. Alexandria Ocasio-Cortez on Monday took aim at corporate profiteers, calling for “consequences” for those who price gouge under the pretext of record inflation and international crises.

Mar 11, 2022: Oil companies are enjoying record-breaking profits.

Responding to a tweet from MSNBC host Stephanie Ruhle, who asked “what’s going on” with gas prices averaging $4.43 a gallon nationwide, Ocasio-Cortez (D-N.Y.) replied: “Profiteering. And there should be consequences for it.”

Echoing Ocasio-Cortez, fellow “Squad” member Rep. Ilhan Omar (D-Minn.) tweeted that “Big Oil CEOs need to be held accountable for profiteering.”

Last week, Sen. Sheldon Whitehouse (D-R.I.) introduced the Big Oil Windfall Profits Tax to target fossil fuel companies profiteering amid Russian President Vladimir Putin’s invasion of Ukraine. The measure is co-sponsored by Sens. Jeff Merkley (D-Ore.), Elizabeth Warren (D-Mass.), and Bernie Sanders (I-Vt.). Rep. Ro Khanna (D-Calif.) simultaneously introduced a House version.

In a separate tweet Monday, Ocasio-Cortez highlighted a failure by lawmakers to hold fossil fuel companies accountable—especially those who take money from the industry.

Targeting Sen. Joe Manchin (D-W.Va.)—who opposes government funding for electric vehicle infrastructure while raking in hundreds of thousands of dollars in campaign cash from carbon polluters and profiting handsomely from his family’s coal business—Ocasio-Cortez tweeted that it is “truly bizarre” how such conflicts of interest are “totally allowed” but “what’s not acceptable is raising that fact and questioning the connection.”

Mar 9, 2022: Food prices, especially the cost of meat, are on the rise — with corporations citing the pandemic and inflation. But, corporate greed may also be a major factor in the price hike. Manuel Bojorquez investigates.

Last week, Common Dreams reported that 82% of respondents to a survey conducted by the advocacy group Fight Corporate Monopolies believe that inflation—which recently reached a 40-year high—is fueled by corporations hiking prices in pursuit of profit.

https://www.commondreams.org/news/2022/03/14/there-should-be-consequences-it-ocasio-cortez-slams-big-oil-price-gouging

Published by amongthefray

News with a historical perspective. Fighting against misinformation, hate, and revisionist history.

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