Biden renews war with Big Oil on eve of midterm elections

President Joe Biden is renewing his war on Big Oil with the midterm elections less than a week away.

Reacting to stubbornly high gas prices and public concerns about the economy
, Biden called for major oil and gas companies to voluntarily lower their prices or face a windfall profits tax the president would negotiate with Congress
.


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“Oil companies made billions in profits this quarter,” Biden tweeted on Saturday. “They’re using these record profits to pay out their wealthy shareholders instead of investing in production and lowering costs for Americans. It’s unacceptable. It’s time for these companies to bring down prices at the pump.”

On Monday, he made an announcement alluding to the war in Ukraine and an ethical responsibility
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