War Profiteering Oil Companies Report Record Profits; President Biden Proposes A Windfall Profits Tax
CBS News reports, Oil giants rake in record profits as energy prices remain high (excerpt): Oil companies are reporting surging profits as energy prices remain elevated. Exxon Mobil broke records with its profits in the third quarter, raking in $19.7 billion in net income, a nearly $2 billion increase from its second quarter. The Irving, … Read more