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Biden bashes oil sector for ‘war profiteering,’ warns of windfall tax on profits

Por: Politico Politics November 01, 2022

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President Joe Biden accused oil companies of “war profiteering” Monday after they posted record profits — and urged Congress to impose a windfall tax on the industry if it fails to lower consumers’ costs. Biden’s comments were his sharpest yet against the industry that has seen its earnings soar as oil and gasoline prices surged this year, boosted by tight supplies as the economy emerged from the pandemic and the disruption in Russian... + full article



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