Oil Companies Unload On Biden After His Thinly-Veiled Threats
Oil companies and industry trade groups criticized President Joe Biden after he sent a letter to them threatening action over high gasoline prices.
Biden penned a letter to seven major oil companies Tuesday insisting they increase oil refining operations to counter declining fuel supplies and inventories nationwide. The American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) sent a letter to the White House Wednesday evening, saying energy companies are refining at an increasingly high rate and government policies have injected uncertainty into the industry, in a response sent to the White House on Wednesday evening.
“Refiners do not make multi-billion-dollar investments based on short-term returns,” the two groups wrote in the joint letter to Biden. “They look at long-term sup
Article from LewRockwell