Posted on 06/15/2022 5:17:21 AM PDT by Oldeconomybuyer
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump.
“The crunch that families are facing deserves immediate action,” Biden wrote in the draft of a letter to oil refiners obtained by The Associated Press. “Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis.”
As Biden sees it, refineries are capitalizing on the uncertainties caused by “a time of war.” His message that corporate greed is contributing to higher prices has been controversial among many economists, yet the claim may have some resonance with voters.
The letter says the administration is ready to “use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term, and to ensure that every region of this country is appropriately supplied.” It notes that Biden has already released oil from the U.S. strategic reserve and increased ethanol blending standards, though neither action put a lasting downward pressure on prices.
Biden is asking each company to explain to Granholm any drop in refining capacity since 2020, when the pandemic began. He also wants the companies to provide “any concrete ideas that would address the immediate inventory, price, and refining capacity issues in the coming months -- including transportation measures to get refined product to market.”
(Excerpt) Read more at apnews.com ...
The Diaper King has spoken.
Nationalization is the only answer to the problem /s
Oh, just go ahead and start nationalizing major industries. You know you want to. Bring the communist revolution out into the open.
Maybe JRB, Jr’s woke ESG buddies aren’t providing the capital needed for the refineries to maintain themselves and expand.
I don’t have their playbook, so I’ll have to ask. Is this when the dictator goes full Maduro and seizes the oil companies?
Also, fake president also noted this is a time of war. We’re at war?
HEY-—CRAZY OLD MAN———The ‘drop’ began the instant you cancelled the Keystone Pipeline.
NO RAW MATERIALS into refineries===NO GAS OUT !!!!!!!!
VIDEO: Biden Climate Czar John Kerry: “We absolutely don’t” need to drill for more oil and gas.
https://rumble.com/v18j6oy-biden-climate-czar-john-kerry-we-absolutely-dont-need-to-drill-for-more-oil.html
“ Your companies need to work with my Administration ….”
That’s a hard no.
Because we all know amtrak and the usps are such efficient well oiled machines.
SMH
FJB and its merry band of flying monkeys.
The feds won’t allow another refinery to be built. They cut back on leases. They stopped issuing drilling permits. They tax the companies profits and tax the end product. They demonize the oil companies and attack people who use fuels.
They are awfully close to nationalization already.
I hate to tell you but that is far from being sarcasm. It is a viable solution to nearly all on the left. In the revolutionary end times we appear to be in, nationalization seems the next step.
Crazy old man and his handlers have no idea how fuels get to the end user. Keystone was killed to put us in the position we are in now.
Create more refineries, not more bad Gaia worshiping government policy.
“Biden wrote in the draft of a letter to oil refiners obtained by The Associated Press.”
Did they sneak into the White House when everyone was sleeping, or something?
Sounds kinda fascist.
“Biden is asking each company to explain to Granholm any drop in refining capacity since 2020, when the pandemic began”
Yeah...gas went up because covid....everyone knows it all started when he pissed on the keystone pipeline....and no amount of being nasty and yelling at the American people will change that......even president retard sees what’s gonna happen in November....although as usual he was last idiot to see it.
We should have a refinery built in SE Ohio.
Enough oil to feed the country in Ohio? Yes!
The shale is thick and the government is killing us.
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