Posted on 06/15/2022 12:42:36 PM PDT by knighthawk
Joe Biden is calling on seven of the top oil companies to do something to help quell surging gas prices after accusing them of intentionally exacerbating the strain on Americans' pocketbooks after the average price per gallon surpassed $5.00.
The president is sending letters Wednesday to Marathon Petroleum Corp., Valero Energy Corp., ExxonMobil, Phillips 66, Chevron, BP, and Shell to demand action on lowering gas prices at the corporate level and account for the surge.
In a letter to Exxon obtained by Axios, Biden wrote that the difference 'of more than 15% at the pump is the result of the historically high profit margins for refining oil into gasoline, diesel and other refined products.'
(Excerpt) Read more at dailymail.co.uk ...
What a fool.
Isn’t the ‘smartest man he knows’ some kind of ‘oil and gas man’?
Maybe Hunter could educate his father on how the oil industry actually works.
And he should stop making like "he didn't shutdown every-thing he could" to kill oil, gas and all fossil fuels as part of his climate change agenda.
we are not at war...
what an idiot.
Not always that way. Idaho pays $0.50-$1.00 more per gallon than New Mexico does. The reason? New Mexico has more pipelines serving the state. Idaho gets most of it from one line coming up from Utah.
Pretty sure you don’t want to threaten Americas energy companies.
Or better yet, maybe they should just stop sending fuel to those places that hate them. Let them starve and freeze in the dark.
All these machinations from the man who is causing the whole thing. The gas prices are caused by Biden who keeps insisting he is helping climate change. How does oil bought from foreign entities cause less pollutants than American oil? Joe Biden is a giant phoney!
He drastically reduced the number of leases sold, cancelled Keystone XL on his FIRST day in office. He also told America and the world over CNN in March 2020 that he will completely shut down drilling for oil and natural gas on day one of his administration.
Why would ANYONE invest in an enterprise where the ‘ruler’ (or jester, in XiJinBiden’s case) of the country says he’s going to shut down that business!
Demonrat voters, sow the wind, now reap the whirlwind!
Their plan is to destroy the Oil Companies before they ban oil ?
Release the frac...en
He’s on the phone with Munduro to see how to implement the takeover.
I doubt he actually knows.................
Make this a t-shirt and it could sell.
Certainly. We’ll drill new wells in our leases. Oops! Can’t do that. We’ll extract more oil out of wells by fracking. Oops, can’t do that!
(lather, rinse, repeat...)
“Blue state gas prices are higher than Red States. “
Easy to compare the state taxes. That tells the true tale.
$4.60 a gal here in NE OK
Hmmm…. How did Trump get record low prices without making threats?
I don’t blame this all on Biden (although he is an imbecile), but global warming hysteria and regulation. Even outside of government, banks and other financial institutions will not loan funds to carbon based energy development, insurance companies won’t write policies to protect it. Who is willing to invest in refinery growth or new carbon energy sources when it may take a decade to show a profit. Governments around the world are making it impossible to project any long term profit. The problem as always is government intervention, by not letting non carbon sources grow naturally and push out other sources with natural market selection. This didn’t happen, government (and voters) decided the source was bad and started, lawsuits, regulations and pressure to stop it, while no good alternative was fully developed. Maybe the coming depression will change the environment, but I doubt it.
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