American Petroleum Institute president and CEO Mike Sommers reacts to President Biden threatening a windfall profits tax on Big Oil on 'Kudlow.'
Chet Thompson, the CEO and president of the American Fuel and Petrochemical Manufacturers, accused Biden of being "more worried about political posturing" ahead of"A windfall profit tax might make for good soundbites, but as policy, it’s bad for consumers," he said. "It’s likely to disincentivize fuel production and make matters worse for drivers."
President Joe Biden speaks during the"Accelerating Clean Technology Innovation and Deployment" event at the COP26 U.N. Climate Summit, Nov. 2, 2021, in Glasgow, Scotland. The administration is holding its first onshore oil and gas leasing sales this
BidenKilledEnergyIndependence
POTUS said he was going to put the oil industry out of business. Now this 🤡 is complaining that they are not investing in increased production. All price increases are someone else’s fault, Putins War Tax, profiteering, yet all decreases is cause this 🤡 willed it. votered.
So after years of drought farmers make big gains to serve pent up demand what will charge them ?
The corporate elites don't like oil. They can't dominate that market so they are pushing their political partners in a different direction. We will suffer as a result.
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