“This is killing people, because they have to choose between food and gas, and rent and gas, and health care and gas,” said Jamie Court, president of Consumer Watchdog
Gas prices have skyrocketed to record highs, forcing some families to choose between filling their tank and putting food on the table. But for the oil execs whose stock holdings have soared, these are happy days—and some of them are cashing in their shares at unusually high rates.
Of the executives, he added, “I don’t know that they’re doing anything illegal, but it’s clearly pretty unethical to be making this type of money off people’s pain.” “It’s unsustainable to be making that type of profit… The companies know it and the executives know it, and they’re dumping their stock,” said Court.
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