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Can the White House’s Battle With Oil Companies Yield Any Results?

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Can the White House’s Battle With Oil Companies Yield Any Results?
President Joe Biden speaks at the headquarters of the Democratic National Committee in Washington on Oct. 24, 2022. Drew Angerer/Getty Images
Andrew Moran
Emel Akan
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News Analysis

President Joe Biden recently accused oil and gas companies of “war profiteering” as they post record profits amid soaring energy prices. He handed the fossil fuel industry an ultimatum: boost production or face a windfall tax on record profits.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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