Former Obama economist warns against Biden's windfall tax on oil companies



GasBuddy Head of Petroleum Analysis Patrick De Haan discusses Biden’s windfall tax against oil companies, refining capacity in the U.S. and the surge in diesel prices.

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31 comments

  1. It not going get no no better I get worser every time they spend more money that's going to get worse only inflation

  2. Dumbest President ever! The man is an idiot!

  3. Thank God Tuesday is just around the corner to Stop this nonsense from Biden the Clown.

  4. The democrats lost the narrative when they took over everything and screwed it up. Let's Go Brandon!!!

  5. Yup. Just like Jimmy Carter. Lol 👍

  6. WHY IS ANYONE SURPRISED ABOUT BIDENS IGNORANT PROPOSAL? IT'S IN LINE WITH THE THEME OF GREEN BLAAH BLAAH BLAAH. BESIDES THE GREEN AGENDA, HIS OTHER AGENDA, TO MAKE AMERICAN CITIZENS IN THE WORKING CLASS, SUFFER AND STRUGGLE FOR ANY MORSEL OF RELIEF. REMEMBER, BIDEN IS JUST A PUPPET. WE NEED TO KNOW WHO THE WIZARD BEHIND THE CURTAIN IS.THATS THE HEAD THAT NEEDS TO BE UP ON A CHOPPING BLOCK.

  7. Biden is simply trying to appease the “Tax the Rich” base of the Democrat Party.

  8. You don't have to be a treasury secretary or an economist to know that it's a horrible freaking idea as well as illegal.

  9. Since when has Joe ever made sense? He is grasping at straws & tilting the wind mills. FJB.

  10. joe biden is smart enough stop other president works but he's not smart enough to make it better. he is a screw up president joe biden is not the president people Thought he was .he was sick from the start

  11. Isn’t Obama the brains behind this guy?

  12. THE DEMOCRAT JOE BIDEN, Is the WORTS PRESIDENT USA EVER HAD, DOING EVERYTHING AGAINST THE AMERICANS ‼️
    Defending the investings in Ukrania of her corrupted son, HUNTER BIDEN, PARTNER of their PUPPET, VOLODÍMIR ZELENSKY ‼️

  13. Biden will likely do this. It is actually a good thing. Because he will do it, and the Democrats will lose even bigger in 2024. there is the part where we are going to have to suffer under his stupidity for another 2 years, but maybe certain people need to do that in order to learn their lesson. I am old enough to remember Carter. This is much worse than Carter.

  14. Biden’s trying very hard to take us back to the Flintstone age’s so start cutting the bottoms out of your cars.

  15. Bumbling Biden the demented old fool and a puppet of the leftists in his party. The people know thar WINTER IS COMING, they have to HEAT THEIR HOMES. AND FEED THEIR KIDS, WHILE BUMBLING BIDEN GOES HOME TO HIS MULTI MILLION DOLLAR HOMES IN DELAWARE. PATHETIC AND DISGUSTING.

  16. Biden does not know econamy
    at all.

  17. Let's circle back the LSD flower child's of the 60s has americans knowing all DOJ deciples caused Ukraine children being orphans affg solder's murdered billions military eq left in affganistan they begg for more tax dollars someone add

  18. I don't believe the president can make an executive order tax incorporations a windfall tax that would have to come from Congress and I don't see both houses agreeing on that executive privilege only goes so far so let's see if I understand this you win the administration then you start screwing up the entire company destroying everything that was gained by the last Administration and then everything is an emergency so you have to declare an emergency status and suspend our constitution so you can continue destroying the country

  19. No problem, we have solar and wind energy that will turn a bucket of rocks into fuel and groceries. Problem SOLVED!!!

  20. It's all part of the plan folks.

  21. To be fair Joe Biden campaigned on this and he’s only keeping his promises. Maybe voters should be so dumb.

  22. it's another tax that will get past down to the people again… Biden is braindead

  23. Eventually the Oil Companies should just turn off the spiggot. Just like a strike. Brandon has pissed them off and continues to do so. And we all will pay more. Lets Go Brandon

  24. Why is the chocolate pickle relevant go away go play with big Mike f.j.b and fetterneck

  25. obiden and the democrats are treating you like they think you're stupid. On top of spending over 4.5 trillion in bidens agenda that kneecap this country down, they even hired 87,000 IRS to go right after middle to lower class so they can get more money from you. while they are pouring millions of illegal immigrants. Of course they wont discuss you the real issue is inflation and border invasion beside they would rather talk about MAGA and roe v wade

  26. This is done on purpose..
    If the US Gov is not Forcing Power Companies to use Solar Energy, then
    not sure how they can 'Scream Fire'? This makes no sense? The Cart before the Horse is not
    ever going to work? They need to be Confiscating Oil Profits to then move over to Renewable Energy
    such as Wind, Solar, Hydrogen, etc….

  27. A democrat doing something absolutely stupid. Sounds normal.

  28. This is the way peoples try to get more votes when making someone do bad jobs for the last 2 years.

  29. A windfall tax on oil profits will discourage investments on energy production….. Isn't that what the radical left wants? Doesn't that tie in with the desire to choke off loans for the oil industry? These news blurbs make it seem as if it's not well thought out when it's really part of an agenda. It's intentional!