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Richard Blumenthal: “Shell announced just Friday that it has reported a $7…”

Featuring: Richard Blumenthal, Democratic | U.S. Senate from Connecticut

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'You Support That Idea?': Richard Blumenthal Presses Chris Wright On Suspending Federal Gas Tax

Published | Video Starts at 01:32

And let me ask you, because I believe strongly that suspending the gas tax ought to be combined with a big oil windfall profits tax, which I've championed with Senator Whitehouse. As you well know, Big oil is raking in bonanza profits. Shell announced just Friday that it has reported a $7 billion profit in the latest quarter, which is double the previous quarter. That is emblematic of what big oil companies are making as a result of the war. Don't you think it's time that companies like Shell put some of that money back in consumer pockets? (01:32–01:46)

CLAIM

Asserts that Shell reported a $7 billion profit in the latest quarter, doubling the previous quarter's profits.

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