“The White House is intensifying a pressure campaign against the oil industry over rebounding gas prices as it tries to contain the political fallout of rising fuel costs just ahead of the midterms,” Politico reports.
“Top Biden administration officials in recent weeks have publicly warned companies against inflating prices. In private, their message has been even more direct. They’ve aired complaints to executives over their ballooning profits and threatened drastic new restrictions — such as limits on companies’ fuel exports — if the industry refuses to help ease the price at the pump.”
Said former Biden adviser Ton Marcus: “Political narratives function best when there’s an identifiable villain.”
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