- Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax. The five biggest oil companies generated more than $50 billion in profits in the second quarter, and the IEA has reported that net income for the world’s oil and gas producers will double this year to a record $4 trillion. https://www.nytimes.com/2022/10/31/us/politics/biden-oil-windfall-tax.html 5 comments energy