Faced With Record Inflation Biden Criticizes Exxon Oil Companies For Profits
Sign up now for FREE unlimited access to Reuters.com Register LOS ANGELES, June 10 (Reuters) – US President Joe Biden on Friday accused the US oil industry and in particular Exxon Mobil Corp (XOM.N) of capitalizing on a lack of supply to boost profits after a report showed that Inflation jumps to new 40-year high. US consumer inflation accelerated in May as gasoline prices soared and food costs soared, leading to the largest annual increase in four decades....