Editorial: Why we shouldn’t shame US oil companies for making money
In the run-up to the midterm elections, President Joe Biden couldn’t resist taking a shot at one of the Democratic Party’s favorite scapegoats. As Americans continued to face high prices at the pump, Biden blasted oil and gas companies for “war profiteering” off Russia’s invasion of Ukraine.
He raised the prospect of a so-called windfall-profit tax on the oil industry, which already exists in the United Kingdom and Europe. While Biden did not explicitly endorse a plan, congressional Democrats have been
