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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 ...
Pointing fingers everywhere. A message heard by those reliant on the MSM and/or social media for their news. So, pretty much most who are not members of this forum.
I don’t think she knows what margin is. The absolute profit can go up even if they add the same margin percentage to the cost.
Crawled out from under her rock when she smelled MONEY
Where was her ‘concern’ when certain pharmas were raking in hugely due to their COVID vaccines?
WarrenIdiot is the epitome of Leftist Socialist idiocy.......
Should the profit margins of the electric vehicle manufacturers go up? How about the solar panel makers profits? Stupid Liberals
““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.””
Windfall profits tax here we go. It’s the fault of “Big Oil”.
LOL
the PROFITS oil companies make compared to their costs is not high at all.
the PROFITS state and fedgov makes off gasoline TAXES is MASSIVE
Why is gas taxed more than normal sales tax?
Reduce state and fed taxes to state sales tax and watch those prices drop
Get a lot, lot of those(mainly diesel pumps, and I help) around santa clara county in CA.station attendants are scraping them off weekly, and more keep appearing :D
Insulting.
It’s you and your democrats that started the price of oil to go up
I have Libtard family members.
Their stock is in oil.
Can all those useless covid vaccines laying around be refined into gasoline? Something this country really does need?
Portrit of a Communist.
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