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Oil Companies Accused by President Biden For War Profiteering

President Biden Accuses Oil Companies of War Profiteering
'They ain't seen nothing yet': President Biden has accused oil companies of 'war profiteering' and threatened them with a new windfall tax. Will it help with gas prices? (Photo: Yahoo Fianance)

Oil Companies Accused by President Biden Of War Profiteering

President Joe Biden became fiery due to an accused war profiteering by oil companies. In pursuit of heated inflation and Russia’s armed conflict with Ukraine, utmost companies like Exxon Mobil and Chevron are rummaging in gain.

According to a published post by Yahoo News, a few days before the elections, In November, President Biden started an attack on the fabrication, on the fabrication calling their data a “windfall of war” not the outcome of whichever “innovative or new”.

Today, President Biden’s intercontinental energy emissary is calling out on oil companies to have a thought of the American end user. Over $5 per Gallon in June dropped of gases happened in June, sources said, it is indeed a high record. The record is still levitating on around $3.21.

President Biden Accuses Oil Companies of War Profiteering

‘They ain’t seen nothing yet’: President Biden has accused oil companies of ‘war profiteering’ and threatened them with a new windfall tax. Will it help with gas prices? (Photo: The Guardian)

President Biden Accused Oil Companies For War Profiteering

This, together with a perilously decreasing oil supply and a reducing diesel supply is totally weighing on President Biden. However, the oil organization asserted that they’re already putting up to the origin. Darren Woods, the CEO of Except n Mobil, lay hold a moment in the course of the company’s third-quarter gross income.

On the month of October 28 to call out President Biden. Woods, the CEO of Exxon Mobil, stated that, “There has been a discussion in the U.S about our industry returning some of our profits directly to the american people. “That’s exactly what we were doing in the form of our quarterly dividend”, he add.

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