SCHUMER: THIS UPCOMING WEEK WILL PROVIDE NEW OPPORTUNITY TO STOP GAS PRICE GOUGING WHEREVER IT MIGHT BE; SENATOR INTENDS TO FILL OPEN VACANCY ON FTC, WHICH HAS OVERSIGHT OVER BIG OIL; SENATOR WILL URGE NEW MAJORITY OF “3” TO HONE IN ON GAS PRICE GOUGING COMPLAINTS, LOOK INTO COMPANY BUYBACKS, SURGING PROFITS & MORE




Schumer Says Confirming Alvaro Bedoya, Which He Intends To Do This Week, Would Give Dems 3:2 Majority And Allow FTC To Finally Tackle Big Oil — From Financial Engineering, To Potential Gouging Tactics & More



Senator Says For Far Too Long Answers About Prices At The Pump, What Consumers Pay, And WHY Has Been Clouded



Schumer: With Big Oil Pumping Out Big Profits As Consumers Struggle, A Closer Look By FTC Is Warranted





HAPPENING TODAY AT 11:30 AM – Citing, in part, a new report that details how the nation’s biggest oil and gas companies have “significantly increased stock buybacks and dividends since Russia invaded Ukraine,” U.S. Senator Charles Schumer will announce that he intends to fill a now vacant seat on the Federal Trade Commission (FTC) THIS UPCOMING WEEK. Schumer will explain that the FTC has oversight over big oil and that it is high time for the Commission to take a hard look at gas pricing issues and policy. Schumer will say that gas price gouging, wherever it might be, should be something that spurs investigation. Schumer will also say buybacks, financial engineering by ‘big oil,’ and surging profits –—all while consumers suffer— should be a foundation for serious and further inquiry into big oil. Schumer will say that with a new democratic majority of three poised for the FTC, the federal Commission will finally have the will and the way to act on a variety of energy-related issues that impact consumers every single day, at the pump and beyond. Schumer will make that case that with big oil pumping out profits as consumers struggle, a closer look by the FTC is warranted.

WHEN: THIS MORNING—SUNDAY, APRIL 24TH AT 11:30AM

PLACE: Mobil Gas Station (West Village) 51 8th Ave, New York, NY 10014