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Biden accuses oil companies of 'war profiteering' as he warns of excess profit penalties

Por: Los Angeles Times Politics November 01, 2022

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President Biden on Monday urged major oil companies to stop war profiteering and use record profits to boost domestic production as the White House looks to curb rising fuel prices ahead of the midterm election. Biden accused oil and gas companies of profiting off a windfall of war in Ukraine, and rewarding their shareholders instead of helping millions of Americans who continue to face higher prices at the gas pump. The president called on... + full article



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