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 ...
The Biden M.O: brag, browbeat, blame, borrow, beg.
Since 1972. Same old biden.
Our President is not right in the head.
Dear Joe, high profit margins are an incentive for oil companies to produce more oil and gasoline. That will increase supply and eventually reduce and stabilize both consumer prices and oil company profits.
On the other hand, every time you intervene by imposing regulations or shutting down a pipeline or an oil lease, you cause distortions in prices and supply. You created this mess, Joe, by f@cking with the markets. But you’re too stupid to recognize that.
Understand that is EXACTLY what they’re going to do. This is the beginning of government control over the oil and gas industry.
Because it worked SO WELL for Venezuela.
We could start a little competition to give Joe an epithet for the history books, much as the various Medieval European royal lines. We’ve all heard of Alfred the Great and Charles the Hammer (i.e. Charles Martel). But there are other less known kings, such as Charles the Bald or Pippin the Short, and then there are Charles the Fat, Ethelred the Unready, and, not to be forgotten, Charles the Simple.
So, what can we come up with and make stick: Joe the ________? Let the competition begin.
Joe the Befuddled.
Ca 6.50 per gal
Cut regulations so more refineries can be built. Build a pipeline to Mexico to send them oil to refine in their non-regulated refineries. Thereās two ideas for you Joe.
Biden is now telling them they have to gather their own straw to make their brick quota. . . How Pharoah-ish . . . . Brandon is a god, you know. . . /sarc
California is raising gas taxes another $0.03 per gallon on July 1st. Why don’t you send a letter to the California Senate and House as well as Newsome to get them to stop this increase!
“Next up, Dementia Joe will tell us about how he used to run an oil company.”
Yeah, you know that’s coming. And he’ll wear a hard hat when he tells about it, and will have smeared grease on his face.
El Presidenty
Mathews wrote: “The visual provided in article tells a pretty good story. Blue state gas prices are higher than Red States. Do the oil companies have the ability to price according to which party runs the state?”
Those prices also include federal, state, and local taxes. Variation in the taxes can account for much of the difference.
Also, California for example, has strict requirements for chemical content of the gasoline and this requirement can seriously affect the final price.
Then there is the cost of distributing the gas from the refinery to the pump.
It was the Clinton administration that approved the mergers of Exxon and Mobil, Conoco and Phillips, among other giant mergers. We used to have a lot more oil companies to compete.
Shut up Joe, you got nothing.
Expropriation.
We’ve seen it before.
Only government can create a problem and then have the audacity to suggest a solution.
5.56mm
Yes, he’s trying to make it worse.
His policies should reveal the answers.
Joe, you canāt fix stupid, you moron.
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