Idiot President who restricted supply of oil and gas threatens oil companies
President Biden may resort to using emergency powers if American oil companies don't increase output at their refineries, the president told oil CEOs in a series of letters Wednesday.
Biden's statement blames oil companies for running "historically high profit margins" even as Americans experience surging gas prices. Biden has recently faced criticism for a lack of executive action aimed at curbing inflation.
"There is no question that Vladimir Putin is principally responsible for the intense financial pain the American people and their families are bearing," Biden wrote. "But amid a war that has raised gasoline prices more than $1.70 per gallon, historically high refinery profit margins are worsening that pain."
"Your companies and others have an opportunity to take immediate actions to increase the supply of gasoline, diesel and other refined product you are producing," he continued. "My administration is prepared 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."
BIDEN ROASTED FOR ONGOING PRICE BLAME GAME: ‘DON’T TELL ME' THIS IS BECAUSE OF PUTIN
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Blaming Putin for the price of oil is an absurd lie. It was Biden's reduction of US production that boosted the price of oil and helped Putin finance his war in Ukraine. Biden is a shameless liar when it comes to the energy prices he was responsible for. Biden is the person responsible for blocking offshore drilling and drilling in Alaska and on other federally controlled sites.
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