US President Joe Biden criticized American oil companies, urging them to increase production volumes and threatening them with the introduction of a return on the return of shares, highlighting in this context the Exxon Mobil Corporation.
“We will achieve everyone know the size of Exxon’s income. Why don’t you say what Exxon revenues this year, this year? Exxon made more money this year than God,” Biden said.
The head of the White House added that American oil companies have 9 thousand permits for drilling on federal lands from the US government.
“They do not engage in drilling new wells. Why do they not engage in drilling? Because they earn more money if they do not increase the volume of oil production,” Biden quotes TASS.
According to him, energy companies act in this way primarily because due to this the price of oil “rises.
“And, secondly, the reason why they do not engage in the drilling of new wells is that they reject their own shares. Frankly, this must be taxed,” the US president said.