President Biden on Monday referred to as on oil firms to develop their provide, regardless of repeatedly pledging to finish fossil gasoline drilling.
The president was slamming oil firms for not investing their income into increasing provide and decreasing oil costs for shoppers.
“Have you learnt how a lot six of the biggest oil firms have made over the past six months? Over $100 billion,” Biden tweeted on Monday. “That cash ought to’ve been used to develop provide and decrease costs on the pump.”
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The submit was consistent with Biden’s previous statements blaming rising gasoline prices on “company greed.” Late final month, he threatened oil firms with increased taxes and “different restrictions” in the event that they didn’t “spend money on America by decreasing costs for shoppers on the pump and rising manufacturing and refining capability.”
On the similar time, Biden has vowed to finish drilling utterly. On the marketing campaign path, he pledged to finish fossil fuels altogether, saying there can be no extra drilling on federal land or offshore.
He repeated his “no drilling” agenda at a rally over the weekend for New York’s Democratic Gov. Kathy Hochul. After getting shouted down by a local weather protester within the viewers, Biden stated there can be no extra drilling.
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“There isn’t any extra drilling. I haven’t fashioned any new drilling,” he stated.
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