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The U.S. Oil & Gas Association took a shot at President Biden after he tweeted on Saturday that 'companies running gas stations' should just 'bring down the price you are charging at the pump.' They told him to 'please make sure the WH intern who posted this tweet signs up for Econ 101 for the fall semester.'
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Jeff Bezos, the founder of Amazon, criticized President Biden for blaming gas station companies for sky-high prices at the pump. He said the president was either 'misdirecting' or showing a 'deep misunderstanding' of how the economy works.
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President Joe Biden didn't ask Saudi Arabia to make more oil on Thursday so that gas prices in the U.S. and around the world would go down.
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Chevron CEO Michael Wirth called the president's comments about high gas prices 'political rhetoric.' In response, President Biden stepped up his verbal fight with Wirth on Tuesday.
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The campaign for electric automobiles capitalizes on our nostalgia for American automobile culture, but it's not the same.
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President Biden called for the Federal Trade Commission to investigate major oil and gas companies over rising gas prices on Wednesday.
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The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week – reflecting data going back 80 years – as the energy industry slashes output and spending to deal with the coronavirus-led crash in fuel demand. Last week, the U.S. rig count was just four …
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How’d you like some good news for a change? Here it is: The price of gasoline is tumbling and this week the average in the US should go below the $2-a-gallon level. That’s a cruel irony, of course, because part of the reason for the drop in prices is that Americans and drivers throughout the …