Biden says oil firms make ‘more money than God’

While Biden blames corporate greed for high gas prices, Exxon says it’s doing its best to meet demand

US President Joe Biden took a swipe at oil giant Exxon on Friday, accusing the company of making “more money than God” while Americans suffer at the pumps. However, Exxon says it’s scaling up production, while conservatives blame the high gas prices on Biden’s own policies.

Speaking at the Port of Los Angeles, Biden found a number of scapegoats for America’s 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.

“Exxon made more money than God this year,” he told reporters. “One thing I want to say about the oil companies…they’re not drilling, because they make more money not producing more oil.”

https://www.rt.com/news/557006-biden-exxon-money-god/