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Joe Biden’s management has said it is working to impose a new tax on oil and gas, which is levied on oil companies. Money can be used to ensure greater energy stability in the country.
At the beginning of 2022, the largest crude oil producers recorded record profits. For example, Exxon Mobil doubled its first-quarter profit to $ 5.48 billion.
In turn, the government continues to criticize oil companies for their lack of initiative to invest in product growth. He says the “inaction” of oil producers will not allow them to reduce fuel costs.
“We are ready for any suggestions that will make life easier for consumers at gas stations,” said Bharat Ramamurthy, deputy director of the US National Economic Council.
An option to tax the largest energy companies is a quarterly fee on revenue from crude oil produced and imported in the United States.
A similar move was made by Rishi Sunak, the British head of the treasury, who announced a 25% windfall tax on North Sea energy producers to subsidize the energy fund. It could be up to ில்லியன் 15 billion. This money should help reduce the burden of consumer spending caused by rising energy prices
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