Biden Tells Exxon To Start Paying Its Taxes ...Middle East

Economy by : (OILPRICE) -
With the U.S. Administration growing more desperate by the week as gasoline prices breach $5 per gallon in the United States, President Biden is now taking aim at individual oil and gas companies—namely, ExxonMobil. A Biden statement attempting to address May inflation data contained harsh words—both for the oil industry as a whole and Exxon specifically. "Why aren't they drilling? Because they make more money not producing more oil," he said. "Exxon, start investing and start paying your taxes." The President also said that they would…

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