President Joe Biden sent a letter to oil firms threatening them if they did not comply with his agenda.
A letter dated Wednesday was addressed to major oil companies telling them that he could force them to raise gasoline flow to the pumps if they fail to do so voluntarily.
The letter acquired by Axios reiterates Biden’s allegation that Russia’s invasion of Ukraine is the primary cause of the jump in gasoline prices.
However, after several condemnations and finger-pointing directed at Russian leader Vladimir Putin, Biden stated that oil firms also have responsibility.
The memo instructed oil companies to increase supplies “immediately.”
Biden added, “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.”
Biden stated: “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,”
More on this story via The Western Journal:
Biden noted in the letter that oil companies are making him look bad.
“The lack of refining capacity — and resulting unprecedented refinery profit margins — are blunting the impact of the historic actions my Administration has taken to address Vladimir Putin’s Price Hike and are driving up costs for consumers,” Biden wrote, adding, “Your companies need to work with my Administration.”
The letter did not go over well on Twitter. Read more…