Geraldo claims oil companies are profiteering as Jeanine Pirro urges him to ‘leave ‘em alone!’ – By Stephen Proctor (Yahoo Entertainment) / March 16, 2022
Once again on Fox News’s The Five Tuesday, Geraldo Rivera found himself as the only one arguing his point. Discussing record high gas prices across the country, the go-to for most of the co-hosts was to point the finger at President Biden. Rivera, on the other hand, brought up the fact that oil companies are reaping profits the likes of which they haven’t seen in several years.
“Exxon, Chevron, BP and Shell are all enjoying the highest profits they have in seven-and-a-half years,” Rivera said. “What’s your point?” co-host Sandra Smith shot back.
Oil companies get billions of dollars a year in subsidies from the United States government. At the same time, permitting for oil and gas drilling has increased under Biden. But oil companies refuse to increase production. When Rivera began to suggest we urge those companies to increase production, he got into a bit of a spat with Jeanine Pirro, who was there to defend them.
“I don’t see why, just because you are in favor of a green future, you can’t do practical — I’m a pragmatic idealist,” Rivera said. “Talk to Chevron, Exxon, BP and Shell, and say, ‘Listen, you guys are doing great…” “Is this capitalism?” Pirro loudly interjected. “Is this capitalism? Leave ‘em alone. Leave ‘em alone. Unless you think they’re profiteering, leave ‘em alone.” “They are profiteering,” Rivera replied. “Alright, then go to the Department of Justice and tell them that,” Pirro challenged. “Prove it.” Rivera responded, “Profiteering is not necessarily illegal.”
