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 ...
Millions of people voted for Joe dammit! They just forgot to vote down the ballot for the other Democrats. It happens all the time. /sarcasm off
The government makes more money off each gallon of gas than any oil company.
To produce more, you need to explore more, drill more, pump more. F Joe Biden’s handlers are preventing all three.
OK, that was funny.
He knows damn well what he has done and as he said, it was intentional. His attempts to “fix” it is nothing but smoke being blown up the azzes of the Dem base
Good. Makes things even more worse right before November!
Sounds like he may be, just slightly, considering price controls?
Sounds like the Great Decrepit One wants to nationalize oil production. That will have 99% of the public freezing in the dark, and the ruling elite having parties on our dime.
OK, that was funny.
Mad King Joe
This is not the Joe Biden of 1970-whatever to 2020 speaking.
He’s clearly saying what he’s being told to say.
But Joe The Inept or Joe The Puppet would be fine.
He can’t order them to lose money. It’s his administration’s own policies which have slashed production.
Profit margins?
I’ve seen $30B in profit....after going through $300B in operating costs. That’s 10%.
Only because we’re letting them.
In other countries the people protest when a loaf of bread goes up 10cents. Here we keep electing the same clowns who cause the same problems, over and over.
But wait, we have the 2 A, when things get real bad, we’ll show them all what that’s all about.
The feds make more in taxes on a gallon of gasoline than the oil companies make in profit.
Reno has another tax raise on July 1. To pay for Metro buses.
Joe Biden, shortly after he was ‘elected’, had a conference call with the heads of major oil companies and asked them to CURTAIL PRODUCTION!
Cloud can't understand what he said.
Just another page from the Venezuela playbook.
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