Napping..

 

President Joe Biden escalated weeks of sharp warnings to energy producers on Monday by floating a so-called "windfall" tax on their corporate profits, calling out major gas companies for racking up gains from a spike in prices he attributes to Russia's war in Ukraine.

"Record profits today are not because they're doing something new or innovative. The profits are a windfall of war," Biden said in brief remarks from the Roosevelt Room alongside Treasury Secretary Janet Yellen and Energy Secretary Jennifer Granholm.

The speech came as Americans face continued high prices at the gas pump in the final stretch of the midterm campaign season. Biden raised the possibility of pursuing the tax proposal, among other ideas, during hastily scheduled remarks at the White House Monday afternoon. It marked the latest in a series of policy and rhetorical efforts to battle high gas prices as Democrats brace for bruising midterm elections.

The White House causing all this trouble with the energy production since Biden came to office knowing that any fake talk cause a major price change.