"After refusing an invite from one House committee, executives from some of the nation’s largest oil companies have agreed to appear before another to testify about sky-rocketing gasoline prices.
Executives from Devon Energy Corp., Exxon Mobil Corp., BP Plc, Chevron Corp., and Pioneer Natural Resources Co. will be testifying at a House hearing next week on gasoline prices, according to a statement from the House Energy and Commerce Oversight and Investigations subcommittee.
The April 6 hearing is planned by a sub panel of the House Energy and Commerce Committee, whose chair, Representative Frank Pallone of New Jersey, has accused the oil industry of maintaining artificially high energy prices and profits “by keeping domestic oil production low and funneling revenue back to investors and executives.”
Earlier Tuesday, the House Natural Resources Committee announced the chief executive officers of EOG Resources Inc., Devon and Occidental Petroleum Corp. had declined to participate in a hearing planned next week to “examine the fossil fuel industry’s failure to help stabilize American gasoline prices.” The hearing has been canceled, a committee spokeswoman said."
Advertisement 
