With Energy Prices Rising, King Says Companies Putting Profits Before Production
March 11, 2022
March 11, 2022
WASHINGTON, March 11 -- Sen. Angus S. King Jr., I-Maine, issued the following news release:
As high gas prices continue to affect consumers across America, U.S. Senator Angus King today sharply criticized oil companies - using their own words - for investing record profits into stock buybacks instead of production on thousands of underutilized leases. In a hearing of the Senate Energy and Natural Resources Committee, King directly addressed the oil industry and panned their decision . . .
As high gas prices continue to affect consumers across America, U.S. Senator Angus King today sharply criticized oil companies - using their own words - for investing record profits into stock buybacks instead of production on thousands of underutilized leases. In a hearing of the Senate Energy and Natural Resources Committee, King directly addressed the oil industry and panned their decision . . .