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“Windfall Tax” or Not, These Oil Stocks Are Still a Buy

President Biden took another jab at Big Oil yesterday, taking aim at a record $30 billion in combined industry earnings this quarter.He threatened higher taxes on oil companies should they fail to work to lower consumer gas prices.Americans continue to face high prices at the pump - $.3.75 a gallon on average nationwide – despite the Department of Energy releasing millions of barrels of oil from the Strategic Petroleum Reserve. See their conversation here... Tags: (nyse: xom) , Chevron Corp. (NYSE: CVX) , NYSE: DVN , NYSE: MRO , NYSE: OXY , Oil Prices , oil stocks The post “Windfall Tax” or Not, These Oil Stocks Are Still a Buy appeared first on Money Morning - We Make Investing Profitable .
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