Biden Tells Big Oil to Stop Stock Buybacks

The video discusses the significant drop in oil prices since mid-June, highlighting a 30% decrease. Despite this, gas prices at the pump have not fallen proportionately, which is deemed unfair. If retailers and refiners were making average profits, Americans would pay $0.60 less per gallon. The speaker urges energy companies to use their profits to increase production and refining instead of stock buybacks or dividends, especially during wartime. This would benefit both the companies and the American public by providing fairer gas prices.

What percentage drop in oil prices is mentioned in the video?

• 20%

• 30%

• 50%

• 40%

How much less per gallon would Americans pay if retailers earned average profits?

• $0.60

• $0.50

• $0.80

• $0.30

What is the suggested use of profits for American energy companies?

• Increase stock buybacks

• Pay higher dividends

• Increase production and refining

• Expand overseas operations

What is the main message to American energy companies in the video?

• Reduce workforce

• Increase advertising

• Invest in American production

• Focus on international markets

What is the expected outcome for shareholders if energy companies follow the suggested actions?

• Shareholders will lose money

• Shareholders will do very well

• Shareholders will break even

• Shareholders will face losses