This week, President Joe Biden wrote to oil firms warning that he would use the tools and “emergency authorities” of the federal government to compel them to boost oil production and reduce gas prices.
“At a time of war, when refineries’ profit margins are going straight to American families, they are not acceptable,” Biden added in the missive.
He added, “Companies must act immediately to increase gasoline, diesel, and other refined product supplies.”
The letter was distributed to a variety of oil firms, including Exxon Mobil, Shell, BP, and Chevron.
Mr. Biden said the administration was prepared to employ “all necessary and appropriate federal government tools and emergency authorities” in the near future to increase refinery capacity and production.
He went on to highlight an “unprecedented disconnect” between the price of gasoline and the cost of oil.
“Refiners’ margins for refining diesel and gasoline have tripled since the start of the year, and they’re now at the highest levels ever recorded,” he added in the missive.
Americans’ disapproval of Joe Biden has risen, with many blaming his environmental policies for worsening the oil scarcity. His unpopularity is a thorn in the side of Democrats, who are expected to suffer devastating losses in the upcoming midterm elections.
“The strain that families are under demands immediate action. Your organizations must collaborate with my administration to offer effective, near-term solutions to the problem,” Biden said.
The administration has tried to lay the blame for gas prices at the feet of Russian Federation President Vladimir Putin, but Americans suffering from high inflation have remained unconvinced.
Critics of the Biden administration have highlighted that he has previously threatened to eradicate the oil business entirely before being forced to seek help from it after gasoline costs shot up.
Biden is the one president we have had that is bringing America the closest to socialism than ever. Under his rule, the government is continuing to grow in power, while the people are losing more and more of their freedoms. If we don’t do something to stop him, America will become a socialist country within a few years.