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Skip to comments.Warren  : ‘We’re Going to Be on’ Oil Companies, ‘Profit Margins Should Not Go Up’
Posted on 03/08/2022 1:49:26 PM PST by MarvinStinson
Lieawatha Pushes Conspiracy ‘Gouging’ Causing Bidenflation
On MSNBC’s “Andrea Mitchell Reports,” Sen. Elizabeth Warren (D-MA) reacted to President Joe Biden’s ban on U.S. imports of Russian oil and gas by stating that Congress should monitor the profits of oil companies and “profit margins should not go up. That’s just oil companies gouging when they do that. So, we’re going to be on them on this.”
After Warren praised the Russian oil ban as “the right thing to do” to put economic pressure on Putin, host Andrea Mitchell stated, “Now, to try to soften the blow at the pump, the blow on consumers at this inflationary time, the president also made an appeal directly and an implied threat maybe jawboning to U.S. oil companies to produce more.”
After Mitchell played a clip from Biden’s announcement where he stated that oil companies shouldn’t take advantage of the situation, she asked, “So, should Congress be monitoring profiteering?”
Warren responded, “Absolutely, and actually, we are. I’m co-sponsoring, with Sen. Whitehouse and others, a bill on a windfall profits tax. Look, we get it, supply and demand, that prices go up. But profit margins should not go up. That’s just oil companies gouging when they do that. So, we’re going to be on them on this.”
(Excerpt) Read more at breitbart.com ...
BS. Oil Co’s make pennies per gallon. Cut Federal taxes you lying bitch.
Cue the 1980's Windfall Profits Tax.
the Dem’s sound a bit desperate here - I thought this was all Putin’s fault
How about the government’s profit margin? They rake in plenty for nothing.
Democrats and oil commodity pricing to dictatorships and theocracies.
We must demand fair trade conflict free oil!
We cannot transition to EVs as a nation for decades.
Good luck trying to find even 100,000 EV‘s available for sale in the nation right now
Stupid communist beehive. Our FREE-MARKET economy turns on oil and profit. Government should clear all roadblocks.
TERM LIMITS NOW!!
She should also be on the millions(probably) of government issued vehicles that are being driven around by government employees when they really have ZERO reason to be driving them. The FBI agent investigating some type of Medicaid or Mortgage fraud isn’t running Code 3 in the middle of the night to respond to an incident. Those folks leave their offices about 2 or 3 times a day. Two of them is to go to lunch and the other to go home.
Same liars, same lies, same suckers.
Cue the 1970's wage and price controls. (Thanks DICK Nixon.) Cue gas lines and alternate day rationing.
Government just needs to get out the way.
Nothing less than government take over of companies. Nationalizing production is one of communism’s goals.
Like it was our oil companies that cause the rise in fuel.
Let’s see - when oil prices were low, oil companies LOST money. XOM for example lost money for about 5 straight quarters. If a company is not allowed to money in good times (for them), there is no capital to reinvest in the business and give a return to the owners (shareholders). In other words, we would have a State-run CCP style economy. But, given this is Liewatha, that is the goal.
Where’s Hunter? He’s the oil and gas expert.
I posted two days ago when these gold plated a holes would see a way to get more money to toss around.
Wait staff makes more in tips at expensive restaurants. Are they profiteering as well?
All my life Dims implement policies that jack up the price of oil.
All my life Dims pretend they hate Big Oil and expect us to believe it.
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