NC Voices: “While families pay more at the gas pump and for basic goods, Whatley’s financial ties to the oil industry position him to benefit as those costs remain elevated.”
As new economic data reveals North Carolina families have paid over $641.5 million more for gas since the Iran War started, DC insider and Big Oil Lobbyist Michael Whatley personally profited after his investments in oil and gas companies spiked by up to $219,660.
A “longtime oil lobbyist,” Whatley is enriching himself as working families face higher gas prices and “additional pressure on household budgets.”
As more than 1,500 troops from Fort Bragg are deployed in the Middle East, 13 service members have been killed and hundreds more have been wounded, Whatley doesn’t “think we’re sacrificing our soldiers at all right now” and downplayed the conflict, calling it “not even a war.”
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NC Voices: North Carolinians Face Rising Costs From Iran War While Michael Whatley Profits
April 21, 2026
- As global tensions drive up oil prices and raise costs for U.S. consumers, Republican U.S. Senate candidate Michael Whatley stands to profit from the same forces squeezing North Carolina families.
- Financial disclosures show that Whatley has earned over $219,660 from investments tied to oil and gas companies, including ConocoPhillips, Chevron, ExxonMobil, Devon Energy, and Shell. His total holdings in the sector are valued at up to $1.39 million.
- Rising oil prices tied to the war in Iran have played a major role in inflation increases across the board. Higher energy costs ripple across the economy, raising the price of goods and services and putting additional pressure on household budgets.
- While families pay more at the gas pump and for basic goods, Whatley’s financial ties to the oil industry position him to benefit as those costs remain elevated.
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