US president Biden blames oil giant ExxonMobil for taking advantage of soaring gas prices and making more money 'than God this' by not producing enough oil despite their 9,000 drilling permits
The logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange, Oct. 8, 2019.
ExxonMobil reported massive profits in the first three months of the year despite lower oil and natural gas volumes, as crude prices rose after Russia's assault on Ukraine. After a dreadful 2020 amid Covid-19 lockdowns that devastated petroleum demand, oil companies returned to profitability in 2021 and have continued to see earnings skyrocket this year.
Biden, whose popularity has plummeted in the face of the highest inflation in four decades and sky-high gas prices.
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