Biden Says Big Oil’s Windfall Profits Result Of ‘Brutal War’ ...Middle East

In an address to the nation on Monday, President Joe Biden raised the specter of a windfall tax on energy companies that refuse to boost domestic production to bring down oil and gas prices which will weigh on midterm elections on November 8th.  With earnings season in full force, Biden was responding to a barrage of reports of America's biggest oil companies bringing in record-high profits.  In his Monday statement, which aired at 4:30 p.m. EST, Biden said that oil companies were not earning windfall profits because of their innovation;…

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