{"id":1510757,"date":"2022-06-10T16:20:51","date_gmt":"2022-06-10T20:20:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1510757"},"modified":"2022-06-10T16:21:08","modified_gmt":"2022-06-10T20:21:08","slug":"biden-says-exxon-made-more-money-than-god-this-year-blames-them-for-gas-price-spike","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-exxon-made-more-money-than-god-this-year-blames-them-for-gas-price-spike\/","title":{"rendered":"Biden Says Exxon \u2018Made More Money Than God This Year,\u2019 Blames Them For Gas Price Spike"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-says-exxon-made-more-money-than-god-this-year-blames-them-for-gas-price-spike%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1510757&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President <a href=\"http:\/\/dailywire.com\/topic\/biden-administration\">Joe Biden<\/a> blamed high <a href=\"http:\/\/dailywire.com\/topic\/gas-prices\">gas prices<\/a> on <a href=\"https:\/\/www.dailywire.com\/topic\/exxonmobil\">ExxonMobil<\/a> during Friday afternoon remarks on record-breaking <a href=\"http:\/\/dailywire.com\/topic\/inflation\">inflation<\/a>.<\/p>\n<p>The Consumer Price Index (CPI) <a href=\"https:\/\/www.dailywire.com\/news\/inflation-reaches-8-6-setting-new-four-decade-high\">rose<\/a> 8.6% between May 2021 and May 2022 \u2014 indicating that inflation reached its highest level in four decades, according to the U.S. Bureau of Labor Statistics. Meanwhile, gas prices <a href=\"https:\/\/www.dailywire.com\/news\/gas-prices-hit-grim-national-average-of-5-per-gallon\">reached<\/a> $5 per gallon on Thursday.<\/p>\n<p>Following a speech about the dismal economic news, a reporter pressed Biden to comment on whether he would \u201cgo after\u201d the profits of oil company ExxonMobil.<\/p>\n<p>\u201cExxon made more money than God this year,\u201d Biden remarked. \u201cAnd by the way, nothing has changed. \u2026 We talk about how they have 9,000 permits to drill. They\u2019re not drilling. Why aren\u2019t they drilling? Because they make more money not producing more oil.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">President Biden threatens oil companies, blaming them for the sky-high gas prices because they want to continue making &#8220;more money than God this year.&#8221; <a href=\"https:\/\/t.co\/MfnUh0oPeM\">pic.twitter.com\/MfnUh0oPeM<\/a><\/p>\n<p>\u2014 Curtis Houck (@CurtisHouck) <a href=\"https:\/\/twitter.com\/CurtisHouck\/status\/1535324343797948416?ref_src=twsrc%5Etfw\">June 10, 2022<\/a><\/p>\n<p>\u201cThe reason they\u2019re not drilling is they\u2019re buying back their own stock \u2014 which should be taxed, quite frankly,\u201d Biden added. \u201cI always thought Republicans were for investment. Exxon \u2014 start investing, start paying your taxes.\u201d<\/p>\n<p>Indeed, ExxonMobil reported $5.5 billion in profits during the <a href=\"https:\/\/corporate.exxonmobil.com\/News\/Newsroom\/News-releases\/2022\/0429_ExxonMobil-announces-first-quarter-2022-results\">first quarter of 2022<\/a>, despite taking a $3.4 billion <a href=\"https:\/\/www.cnn.com\/2022\/04\/29\/energy\/oil-earnings\/index.html\">hit<\/a> amid its exit from Russia. During the <a href=\"https:\/\/www.reuters.com\/business\/energy\/exxon-post-best-results-seven-years-oil-prices-2022-02-01\/\">fourth quarter of 2021<\/a>, ExxonMobil reported an $8.87 billion profit \u2014 its largest in <a href=\"https:\/\/www.macrotrends.net\/stocks\/charts\/XOM\/exxon\/revenue\">seven years<\/a>.<\/p>\n<p>Republicans, however, noted last month in a letter to Commerce Secretary Gina Raimondo that the White House has been <a href=\"https:\/\/www.cruz.senate.gov\/newsroom\/press-releases\/cruz-senators-demand-commerce-secretary-stop-permitting-delays-on-existing-oil-and-gas-leases-to-boost-production\">maintaining<\/a> a \u201cde facto ban on new drilling\u201d by \u201csitting idle on over 9,000 drilling permits\u201d and millions of acres of inactive leases.<\/p>\n<p>On the day of Biden\u2019s inauguration, gas cost $2.39 per gallon \u2014 a figure that doubled to <a href=\"https:\/\/www.dailywire.com\/news\/the-cost-of-gas-has-more-than-doubled-since-the-day-biden-took-office\">$4.82<\/a> last week before reaching $5 on Thursday. On February 21, 2022 \u2014 three days before the start of the Ukraine war \u2014 gas cost <a href=\"https:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=PET&#038;s=EMM_EPMR_PTE_NUS_DPG&#038;f=W\">$3.53 per gallon<\/a>, representing a 48% increase from Biden\u2019s first day in office.<\/p>\n<p>Nevertheless, a statement from President Biden characterized Russian President Vladimir Putin\u2019s invasion of Ukraine as the main factor behind the higher prices.<\/p>\n<p>\u201cPutin\u2019s Price Hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases, and gas pump prices are up by $2 a gallon in many places since Russian troops began to threaten Ukraine,\u201d Biden argued. \u201cEven as we continue our work to defend freedom in Ukraine, we must do more \u2014 and quickly \u2014 to get prices down here in the United States.\u201d<\/p>\n<p>The White House also faced criticism for <a href=\"https:\/\/www.dailywire.com\/news\/peter-doocy-asks-for-a-straight-answer-on-keystone-gets-the-runaround-from-jen-psaki\">nixing<\/a> expansions to the Keystone XL Pipeline last year. More recently, former White House Press Secretary Jen Psaki revealed that the Biden administration had \u201cno plans\u201d to reconsider opening pipeline construction.<\/p>\n<p>However, the White House has argued that high gas prices will help the United States <a href=\"https:\/\/www.dailywire.com\/news\/biden-slammed-for-remarks-on-enormously-high-gas-prices-theyre-saying-the-quiet-part-out-loud-now\">transition<\/a> more quickly to renewable energy.<\/p>\n<p>\u201cHere\u2019s the situation,\u201d Biden said last month. \u201cAnd when it comes to the gas prices, we\u2019re going through an incredible transition that is taking place that, God willing, when it\u2019s over, we\u2019ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden blamed high gas prices on ExxonMobil during Friday afternoon remarks on record-breaking inflation. The Consumer Price Index (CPI) rose 8.6% between May 2021 and May 2022 \u2014 indicating that inflation reached its highest level in four decades, according to the U.S. Bureau of Labor Statistics. Meanwhile, gas prices reached $5 per gallon &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1510820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1510757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1510757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1510757"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1510757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1510820"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1510757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1510757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1510757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}