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 — 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 on Thursday.
Following a speech about the dismal economic news, a reporter pressed Biden to comment on whether he would “go after” the profits of oil company ExxonMobil.
“Exxon made more money than God this year,” Biden remarked. “And by the way, nothing has changed. … We talk about how they have 9,000 permits to drill. They’re not drilling. Why aren’t they drilling? Because they make more money not producing more oil.”
President Biden threatens oil companies, blaming them for the sky-high gas prices because they want to continue making “more money than God this year.” pic.twitter.com/MfnUh0oPeM
— Curtis Houck…
