Analysis-Are high prices unpatriotic or as American as you can get?

Published by

By David Lawder and Heather Timmons WASHINGTON (Reuters) – President Joe Biden’s pointed criticism of oil and gas companies for earning massive profits as families suffer from high gasoline prices challenges a pillar of American capitalism: that U.S. companies should make as much profit as they legally can, and direct that windfall back to investors. Biden told Shell Plc, Exxon Mobil Corp and Chevron Corp and other refining giants last week they have another responsibility: to do everything they can to bring down high gasoline prices that are squeezing American consumers and driving up inflati…

Read More

Leave a Reply