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Biden to ask Congress to act if oil cos don't lower costs, White House says

Commodities Oct 31, 2022 01:45PM ET
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© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks at the Pennsylvania Democratic Party's third annual Independence Dinner in Philadelphia, Pennsylvania, U.S., October 28, 2022. Reuters/Tasos Katopodis

WASHINGTON (Reuters) - U.S. President Joe Biden on Monday will call on oil and gas companies to invest some of their record profits in lowering costs for American families, a White House official said.

"And if they don’t, he will call on Congress to consider requiring oil companies to pay tax penalties and face other restrictions," the official said on condition of anonymity.

Biden to ask Congress to act if oil cos don't lower costs, White House says
 

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Comments (11)
James Long
FauxNews Nov 02, 2022 3:54PM ET
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Charles KOCH and his buddies will NEVER allow their Republican hand puppets to help Biden by cutting gas prices. Biden is dreaming.
Stephen Fa
Stephen Fa Nov 01, 2022 8:12AM ET
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SPR getting low now so blame Congress.
Jozsef Toth
Jozsef Toth Nov 01, 2022 7:52AM ET
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If this happen, it will backfire. They will move more energy production overseas or just produce less. Many high paying jobs in US will go away. Net affect, we will pay more at the pump.
Jozsef Toth
Jozsef Toth Nov 01, 2022 7:52AM ET
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If this happen, it will backfire. They will move more energy production overseas or just produce less. Many high paying jobs in US will go away. Net affect, we will pay more at the pump.
gab nea
gab nea Nov 01, 2022 7:40AM ET
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the Republicans love putin, because trump loves putin! they dont have their own minds!
gab nea
gab nea Nov 01, 2022 7:39AM ET
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it's amazing the american oil companies are helping putins war by price gouging benefitting russia and lining their pockets as we pay dearly!
Victor Cuello
Victor Cuello Nov 01, 2022 7:02AM ET
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Coersion is today’s democrats preferred tool of engagement! Didn’t work with the vacs, not gonna work here either, Joe!
Michael Mcdonough
Michael Mcdonough Oct 31, 2022 10:39PM ET
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Biden Comedy Club…the Show goes on…
Clay Douglass
Clay Douglass Oct 31, 2022 7:10PM ET
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right when you think he's the biggest idiot alive,he comes up with more.
Scott Bailey
Scott Bailey Oct 31, 2022 2:39PM ET
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He hasn’t made a good decision yet
Clay Douglass
Clay Douglass Oct 31, 2022 2:39PM ET
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and he wont.
 
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