{"id":74893,"date":"2022-11-01T10:22:19","date_gmt":"2022-11-01T06:22:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74893"},"modified":"2022-11-01T10:22:21","modified_gmt":"2022-11-01T06:22:21","slug":"biden-calls-on-oil-companies-to-stop-profiting-from-war-and-threatens-them-with-taxes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/biden-calls-on-oil-companies-to-stop-profiting-from-war-and-threatens-them-with-taxes\/11\/01\/market-updates\/","title":{"rendered":"Biden calls on oil companies to &#8220;stop profiting from war&#8221; and threatens them with taxes"},"content":{"rendered":"\n<p>US President Joe Biden on Monday called on oil and gas companies to use their record profits to cut costs for Americans and increase production, or pay a higher tax rate, as he struggled to rein in gasoline prices a week before the midterm congressional elections.<\/p>\n\n\n\n<p>In remarks at the White House, Biden criticized the big oil companies that reap huge profits while Americans, tired of inflation, pay a lot of money to fill their cars with fuel.<\/p>\n\n\n\n<p>He said the oil sector &#8220;has not fulfilled its commitment to invest in the United States and support the American people.&#8221; He added that companies not only achieve a &#8220;fair return&#8221;, but also &#8220;profits so high that it is hard to believe&#8221;.<\/p>\n\n\n\n<p>Referring to the conflict in Ukraine, Biden said companies &#8220;have made unexpected gains because of the war,&#8221; and they have a responsibility to take action.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US President Joe Biden on Monday called on oil and gas companies to use their record profits to cut costs for Americans and increase production, or pay a higher tax rate, as he struggled to rein in gasoline prices a week before the midterm congressional elections. In remarks at the White House, Biden criticized the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":46216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[7214,8488,7322,8107,7504,7100],"class_list":["post-74893","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-biden","tag-chevron","tag-exxonmobil","tag-fuel-prices","tag-shell","tag-tax"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74893"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74893\/revisions"}],"predecessor-version":[{"id":74894,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74893\/revisions\/74894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/46216"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}