President Joe Biden has written to major oil companies to complain about the high refining margins for gasoline and diesel and demanded an explanation for refinery closures since 2020. The president’s letter, dated June 14, should be seen mostly as a political exercise to deflect responsibility for high fuel prices and accelerating inflation (“Biden warns big oil over gasoline output”, Axios, June 15)….
Exxon Mobil Slams Biden in Fiery Letter…
”We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.”…
Chevron Hits Back, Says Biden Trying to “Impose Obstacles” to Energy Delivery…
Chevron has hit back at the Biden administration, claiming that their policies since January 2021 have sent a message that it aims to “impose obstacles to our industry delivering energy resources the world needs,” according to Bloomberg’s Annmarie Hordern, citing a statement by the company…
Economic Security is National Security, and the Foundation of Economic and National Security Is Energy Policy, Biden Is a Threat to National Security…
Economic security is the foundation of national security. When the government takes action that destabilizes our economy, every element of national security is put at risk. We are experiencing that right now as we suffer through Joe Biden’s intentionally flawed energy policy that is destroying the U.S. economy and everyone within it…
SHOT: Biden Threatens Oil Companies with ‘Emergency Powers’ If They Don’t Boost Supply…
Biden says oil companies are earning ‘historically high’ profits…
CHASER: ‘Big Oil’ Responds to Biden’s Threats: Here’s 10 Things You Can Do to Ease Gas Prices…
Following President Biden’s letter to many ‘Big Oil’ executives, threatening them with forced production quotas, windfall taxes, and/or price-caps (because all those things have proved so successful in past crises… not), Exxon Mobil issued a reasoned response to The White House accusations and scapegoating:…
Ssshhhh! Don’t Tell the Biden Administration We’re Importing Evil Russian Oil…
And in the first 100 days of the war, Russia earned 93 billion euros from fossil fuel sales…
High Gas Prices, Empty Shelves and Soaring Inflation Has Nothing to Do with Putin. This Australian Sets Her Viewers Straight (VIDEO)…
US President Joe Biden’s “performance” had “started badly and got worse” during a recent interview with Jimmy Kimmel, says Sky News host Rita Panahi…
Western Economic Inflation is a Feature, Not a Flaw, Currently Hidden Behind the Purposefully Useful Sanctions Against Russia…
Joe Biden’s repeated use of the phrase “Putin’s price hikes” is intended to shift responsibility for inflation away from his own policy and assign blame to Russia. Biden is essentially pretending that Vladimir Putin has control over White House energy policy, in order to protect his administration from the American people realizing all of the economic pain they feel is being done purposefully…
May Inflation Higher Than all Expectations at 8.6 Percent, Energy, Gasoline, Food Prices Continue Climbing…
The Bureau of Labor and Statistics has released the May inflation report [DATA HERE] showing a 1.0% increase in the month of May, bringing the rate of inflation to 8.6 percent. The highest rate of inflation in over 40 years…