4 ms·
Biden: Oil companies well above normal refinery profit margin are not acceptable
- Bostonian 4y agoThe Democrats appear to want high gasoline prices but not to be blamed for them. Biden discouraged oil and gas production from day 1 https://nypost.com/2022/03/09/why-biden-energy-policies-have-contributed-to-surging-oil-prices/ https://nypost.com/2022/03/09/why-biden-energy-policies-have..., and he has said that high gasoline prices will encourage a transition to electric vehicles. Now he is traveling to Saudi Arabia to beg them to produce more oil, and he has told Exxon to invest more. Yet "windfall" profits tax that Democratic Senator Wyden has proposed https://www.bloomberg.com/news/articles/2022-06-14/biden-ally-floats-21-surtax-on-oil-profits-to-blunt-inflation https://www.bloomberg.com/news/articles/2022-06-14/biden-all... and which the White House has not disavowed would discourage energy production.
- juanani 4y ago