yota691 Posted June 11, 2022 Report Share Posted June 11, 2022 Biden criticizes US oil companies for high inflation Arabic and international Economy News-Baghdad US President Joe Biden accused the US oil industry, and Exxon Mobil in particular, on Friday of exploiting supply shortages to amplify profits . Biden, who took office vowing to reduce the United States' dependence on fossil fuels, said he hoped to accelerate oil production, which is expected to reach record levels in the United States next year . But he also sounded a warning to the sector, whose profits have soared with rising prices, noting that consumers are paying for more than just rising labor and shipping costs . "Exxon has made huge profits this year," Biden said in a speech to port workers and union representatives in the Port of Los Angeles, adding that US oil companies are not using the profits to drill for more but to buy back shares . "Why don't they drill? Because they make more money without producing more oil, " he added. He told Exxon Mobil that it should "start investing and start paying its taxes". 181 views Added 06/11/2022 - 9:35 AM Update 06/11/2022 - 4:48 PM 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 11, 2022 Author Report Share Posted June 11, 2022 Biden administration places latest blame on oil companies for gas crisis 116,076 views Jun 7, 2022 2 1 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted June 11, 2022 Report Share Posted June 11, 2022 Everybody"s fault except the Big GUY, because we ALL know he has been right for the last 50 years and has contributed so much to this country. Yeah, RIGHT 1 1 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 11, 2022 Author Report Share Posted June 11, 2022 Oil Prices! The TRUTH that nobody will tell you 1 1 Quote Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted June 11, 2022 Report Share Posted June 11, 2022 1 1 1 Quote Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted June 11, 2022 Report Share Posted June 11, 2022 9 hours ago, yota691 said: Biden criticizes US oil companies for high inflation Arabic and international Economy News-Baghdad US President Joe Biden accused the US oil industry, and Exxon Mobil in particular, on Friday of exploiting supply shortages to amplify profits . Biden, who took office vowing to reduce the United States' dependence on fossil fuels, said he hoped to accelerate oil production, which is expected to reach record levels in the United States next year . But he also sounded a warning to the sector, whose profits have soared with rising prices, noting that consumers are paying for more than just rising labor and shipping costs . "Exxon has made huge profits this year," Biden said in a speech to port workers and union representatives in the Port of Los Angeles, adding that US oil companies are not using the profits to drill for more but to buy back shares . "Why don't they drill? Because they make more money without producing more oil, " he added. He told Exxon Mobil that it should "start investing and start paying its taxes". 181 views Added 06/11/2022 - 9:35 AM Update 06/11/2022 - 4:48 PM 🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️ 2 Quote Link to comment Share on other sites More sharing options...
nstoolman1 Posted June 12, 2022 Report Share Posted June 12, 2022 He is a dementia ridden old man being mentally abused. Someone needs to be arrested for elder abuse. 1 1 5 Quote Link to comment Share on other sites More sharing options...
"Fred" Posted June 12, 2022 Report Share Posted June 12, 2022 1 6 Quote Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted June 12, 2022 Report Share Posted June 12, 2022 1 1 4 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.