’They make more money not producing more oil’ US Biden criticizes oil firms for profits - YouTube

BIDEN: We’re gonna make sure everyone knows Exxon’s profits. Why don’t you tell them what Exxon’s profits were this year, this quarter? Exxon made more money than God this year. Any by the way nothing’s changed. One thing I want to say about the oil companies, they talk about how they -- they have 9,000 permits to drill. They’re not drilling. Why aren’t they drilling? Because they make more money not producing more oil. The price goes up, number one. Number two, the reason they’re not drilling is they’re buying back their own stock, which should be taxed quite frankly, buying back their own stock and making new no investments. So uh, I always thought Republicans are for investments. Exxon start investing. Start paying your taxes. Thanks. __________________ Powered by Shanghai Media Group, ShanghaiEye focuses on producing top-quality content for Facebook, Twitter, Instagram and Youtube. Nobody knows Shanghai better than us. Please subscribe to us a