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Oil industry reacts to Biden threatening potential windfall tax

Por: Fox Business Business November 02, 2022

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FOX Business host Stuart Varney argues Biden knows inflation and gas prices are hurting him politically. Oil industry groups are reacting to on Monday threatening a potential windfall profit tax or other repercussions if oil companies don’t invest in increasing U.S. production and lowering consumer prices. The president, arguing in remarks Monday that oil companies’ were a windfall of war in Ukraine, urged them to direct some profits to... + full article



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