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Big Oil Companies Warm to Biden After Years of Bad Blood
Heading into an election in which energy prices figure to be a key issue‚ President Biden and some of the country’s biggest oil companies have reached a surprising detente.
The truce comes after years of acrimony: The White House routinely slammed windfall oil-and-gas profits as pump prices surged in 2022‚ and industry executives bemoaned Biden’s campaign promise to transition the U.S. away from oil.