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Biden slams oil company profits, threatens windfall taxes as penalty

Por: Fox Business Business November 01, 2022

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President Biden responds to reports of major oil companies making record-setting profits. On Monday, President Joe Biden criticized major oil companies' recent earnings, urging them to invest profits in increasing U.S. production and lowering consumer prices or face possible restrictions. Biden, arguing that oil companies’ recent profits were a windfall of war in , said he thinks they have a responsibility to act in the interest of their... + full article



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