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Biden says oil firms make âmore money than Godâ
While Biden blames corporate greed for high gas prices, Exxon says itâs doing its best to meet demand
US President Joe Biden took a swipe at oil giant Exxon on Friday, accusing the company of making âmore money than Godâ while Americans suffer at the pumps. However, Exxon says itâs scaling up production, while conservatives blame the high gas prices on Bidenâs own policies.
Speaking at the Port of Los Angeles, Biden found a number of scapegoats for Americaâs record high gas prices and 40-year high inflation rate, including the shipping industry and Russian President Vladimir Putin, while also blaming supply-chain backlogs.
Regarding gas prices, Biden singled out oil giant Exxon for engaging in stock buybacks rather than expanding its drilling activity.
âExxon made more money than God this year,â he told reporters. âOne thing I want to say about the oil companiesâŚtheyâre not drilling, because they make more money not producing more oil.â
https://www.rt.com/news/557006-biden-exxon-money-god/