U.S. President Joe Biden on Monday called on oil and gas companies to use their record profits to lower costs for Americans and increase production, or pay a higher tax rate, as he battles high pump prices with elections coming in a week.
Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax
Tag: windfall taxes
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
U.S. President Biden has three key strategies in place to lower oil prices.
– The first and foremost strategy is the implementation of the NOPEC bill.
– The second pillar of the plan is to release more crude from the U.S. SPR.
– The third element of the plan to bring oil prices down is to be a concerted effort to encourage U.S. oil firms, shale or otherwise, to increase their production.
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
Ms. Cat’s Chronicles 