Democratic committee chair calls oil CEOs to testify amid gas price spike

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Democratic committee chair calls oil CEOs to testify amid gas price spike
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The chairman of the House Natural Resources Committee is asking the CEOs of three major energy companies to testify on a surge in gas prices.

Grijalva sent separate letters to EOG's Ezra Yacob, Devon's Rick Muncrief and Occidental's Vicki Hollub.

The chairman zeroed in on EOG saying in February that it did not plan to boost production and saying that 2021 was a "record setting year." EOG has more than 1,800 approved but unused permits to drill, Grijalva said.The industry has said that a permit is merely the first step in a process that includes discovering whether any oil or gas is in the ground to extract.

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