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Skyrocketing Gas Prices Push Biden To ‘Get Tough’ On Big Oil's Greed

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President Joe Biden is pleading with Big Oil, via a strongly worded letter, to lower gas prices after he has been blamed for the price hikes throughout his presidency. Biden is apparently concerned with the historic profits of the country’s major gas and oil companies while paying lip service to environmentalists, giving the illusion that he’s doing something to help climate change and the environment. John Iadarola and Caroline Johnson discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE:
https://www.mediaite.com/news/read-bidens-full-letter-to-oil-companies-demanding-help-on-gas-prices-historically-high-profit-margins-are-unacceptable/

"Mediaite has obtained letters sent by President Joe Biden to the heads of seven oil companies, in which he decries “historically high profit margins” and demands answers.

Gas prices have been a major driver of the record inflation that has marred an economy that has been recovering from the coronavirus pandemic at a record pace, and has significantly hampered political prospects for the president’s party.

On Wednesday morning, the White House sent letters to the heads of seven oil companies — Marathon Petroleum Corp, Valero Energy Corp, ExxonMobil, Phillips 66, Chevron, BP, and Shell — demanding answers and assistance.

In the letter, President Biden points out that while Russia’s war against Ukraine has contributed to the rise in gasoline prices, the increase has been out of proportion."

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220615__TA01_Biden_Begs_Oil
Category
Europe
Tags
220615__TA01_Biden_Begs_Oil, News, Politics
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