Commodities and Futures News

Biden to ask Congress to act if oil cos don’t lower costs, White House says

2022.10.31 13:55



© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks at the Pennsylvania Democratic Party’s third annual Independence Dinner in Philadelphia, Pennsylvania, U.S., October 28, 2022. Reuters/Tasos Katopodis

WASHINGTON (Reuters) – U.S. President Joe Biden on Monday will call on oil and gas companies to invest some of their record profits in lowering costs for American families, a White House official said.

“And if they don’t, he will call on Congress to consider requiring oil companies to pay tax penalties and face other restrictions,” the official said on condition of anonymity.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 96,179.77 2.52%
ethereum
Ethereum (ETH) $ 3,301.76 4.90%
tether
Tether (USDT) $ 1.00 0.19%
solana
Solana (SOL) $ 245.11 5.94%
bnb
BNB (BNB) $ 645.74 3.89%
xrp
XRP (XRP) $ 1.32 15.63%
dogecoin
Dogecoin (DOGE) $ 0.403687 11.52%
usd-coin
USDC (USDC) $ 0.999032 0.12%
cardano
Cardano (ADA) $ 0.954242 14.15%
staked-ether
Lido Staked Ether (STETH) $ 3,299.74 4.97%
tron
TRON (TRX) $ 0.202242 7.53%
avalanche-2
Avalanche (AVAX) $ 38.95 10.03%
the-open-network
Toncoin (TON) $ 5.90 5.97%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 9.70%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,916.37 4.63%
stellar
Stellar (XLM) $ 0.45668 11.21%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,034.73 2.57%
polkadot
Polkadot (DOT) $ 8.33 5.69%
chainlink
Chainlink (LINK) $ 16.46 7.39%
bitcoin-cash
Bitcoin Cash (BCH) $ 488.69 6.94%
weth
WETH (WETH) $ 3,299.79 4.88%
sui
Sui (SUI) $ 3.28 8.72%
pepe
Pepe (PEPE) $ 0.000019 10.80%
near
NEAR Protocol (NEAR) $ 6.30 2.61%
leo-token
LEO Token (LEO) $ 8.34 3.68%
litecoin
Litecoin (LTC) $ 92.72 10.08%
aptos
Aptos (APT) $ 11.73 10.24%
uniswap
Uniswap (UNI) $ 10.21 9.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,479.92 4.78%
hedera-hashgraph
Hedera (HBAR) $ 0.137174 14.21%
usds
USDS (USDS) $ 0.999792 0.02%
internet-computer
Internet Computer (ICP) $ 10.52 11.00%
crypto-com-chain
Cronos (CRO) $ 0.180047 8.69%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.529752 11.58%
ethereum-classic
Ethereum Classic (ETC) $ 27.27 11.04%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.15%
render-token
Render (RENDER) $ 7.33 9.58%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.43 0.05%
kaspa
Kaspa (KAS) $ 0.146895 8.92%
bittensor
Bittensor (TAO) $ 492.94 8.07%
whitebit
WhiteBIT Coin (WBT) $ 24.33 1.86%
dai
Dai (DAI) $ 0.999057 0.12%
arbitrum
Arbitrum (ARB) $ 0.804235 7.76%
mantra-dao
MANTRA (OM) $ 3.65 2.55%
bonk
Bonk (BONK) $ 0.000044 13.17%
celestia
Celestia (TIA) $ 7.65 15.66%
vechain
VeChain (VET) $ 0.039401 11.98%
filecoin
Filecoin (FIL) $ 5.27 2.79%
cosmos
Cosmos Hub (ATOM) $ 8.13 5.23%
okb
OKB (OKB) $ 52.07 0.06%