Submitted by davetowers646 t3_zxgd97 in news
jaymobe07 t1_j20xebd wrote
Reply to comment by Rooooben in Exxon sues EU in move to block new windfall tax on oil companies by davetowers646
i thought biden controlled the gas prices
Rooooben t1_j215bja wrote
Yeah no they can only incentivize private businesses. Biden can push them to “do the right thing”, and help out by increasing supply, but honestly we never had a supply issue to start with - we had intentional withholding of fuel to artificially push up prices. We all know that’s how gas cartels operate, it’s in the news how OPEC decides on the price of oil, and how much they will sell, controlling the price for both economic and political pressure. All we can do is try to make the market more favorable, while Congress can take action like windfall profits tax, to discourage profit-taking and encourage reinvestment.
WattebauschXC t1_j23v7mr wrote
Only if the prices go up.
If they go down it's good guy oil company cutting their profits for the common people.
/s
[deleted] t1_j22kbo9 wrote
[removed]
Asd77996 t1_j23l89d wrote
Only when they go down.
Tom_Neverwinter t1_j2164rz wrote
Eia.gov and trumps opec deal as Republicans were happy to give them the deal....
But biden and republicans cry
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