Connect with us

Economy

Biden Threatens U.S. Oil Companies With Use Of “Emergency Authorities”

After spending two years doing everything he could to shut them down, Biden now threatens them to ramp up production

Published

on

Anna Moneymaker/Getty Images

In letters to oil companies imploring them to up production, Joe Biden has threatened to use “emergency authorities” if they do not comply.

Fox Business reports on the letters Biden has sent out to oil companies including Shell, BP, Chevron, Phillips 66, ExxonMobil, Marathon Petroleum Crop, and Valero Energy Corp.

Biden writes “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.”

Elsewhere in the letters he also accuses the companies of exploiting Americans by running “historically high profit margins.”

He also blames Russia for historically high gas prices in the U.S., a tired excuse that literally no one outside, and likely even inside, his own gaggle of handlers believes any more.

“There is no question that Vladimir Putin is principally responsible for the intense financial pain the American people and their families are bearing,” Biden writes, adding “But amid a war that has raised gasoline prices more than $1.70 per gallon, historically high refinery profit margins are worsening that pain.”

The letters come on the back of comments made by Biden’s Press Secretary accusing oil companies of not doing their “patriotic duty” and producing more.

Karine Jean-Pierre also echoed Biden’s threat of using emergency powers against oil companies:

Exxon Mobil has responded to Biden, blasting his attempts to blame them for his own failing energy policies.

”We have been in regular contact with the administration to update the president and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies,” a company press release staes, adding ”This includes investments in the U.S. of more than $50 billion over the past five years, resulting in an almost 50% increase in our U.S. production of oil during this period.”

The release continues, ”Globally, we’ve invested double what we’ve earned over the past five years – $118 billion on new oil and gas supplies compared to net income of $55 billion. This is a reflection of the company’s long-term growth strategy, and our commitment to continuously invest to meet society’s demand for our products.”

The oil company adds that ”Specific to refining capacity in the U.S., we’ve been investing through the downturn to increase refining capacity to process U.S. light crude by about 250,000 barrels per day – the equivalent of adding a new medium-sized refinery.”

”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,” the company further asserted.

Is it any surprise that oil industry people have a problem with Biden suddenly blaming them for soaring prices when he has worked for the past two years on literally shutting them down?

Biden and his officials keep repeating the talking point that oil companies are not taking any advantage of some 9000 permits to drill, a notion that has been labelled as ‘misinformation’ by leading industry heads.

Biden’s threats to the oil companies to make them produce more comes just a day after his climate czar John Kerry stated…

They’ve severely restricted U.S. production while trying and failing to cosy up to Saudi Arabia, and now they’re blaming American companies:

Fox News reporter Peter Doocy yesterday asked Biden’s National Security Council coordinator for strategic communications John Kirby “How is it that you guys have determined that it’s in the US national security interest to ask Saudi Arabia to drill more oil, instead of just letting oil companies drill more here in the US?” 

Kirby dodged the question and claimed “The President did tap into the strategic oil reserves to try to relieve some of the pressure at the pump, and he’ll use a range of tools available to him going forward.”

“I think that’s about the best I can do on it,” Kirby pathetically added:

SUBSCRIBE on YouTube:

Follow on Twitter:

———————————————————————————————————————
Brand new merch now available! Get it at https://www.pjwshop.com/ PJW Shop

ALERT! In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

We need you to sign up for our free newsletter here.

Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Also, we urgently need your financial support here. ———————————————————————————————————————

  • Continue Reading
    Comments

    Economy

    Pathetic: Only 11 Per Cent Believe Biden Narrative That Putin is to Blame For Record Gas Prices

    Majority blame the president.

    Published

    on

    JEFF J MITCHELL via Getty Images

    Only 11 per cent of Americans believe the Biden administration’s narrative that Vladimir Putin is to blame for record high gas prices, with the majority blaming Biden’s poor energy policies instead.

    A Rasmussen poll finds that 52 per cent of respondents think unaffordable gas prices are the fault of the president, with the vast majority rejecting the ‘Putin price hike’ excuse.

    The survey also found that 80 per cent of Republicans blame Biden for the energy crisis, while 54 per cent of Independents also say responsibility lies with the occupant of the Oval Office.

    29 per cent of respondents who didn’t blame Putin or Biden said greedy oil companies were the culprit.

    After the Biden administration’s attempt to blame the Russian leader failed to land, the White House has switched its rhetoric to start blaming oil companies, with Biden asserting the industry is “making more money than God.”

    The poll reveals that Americans are also unimpressed with the media’s attempt to prop up the failing Biden economy, with just 11 per cent saying it has gotten better, with 57 per cent rating his economic performance as “poor.”

    Biden loyalists have become increasingly absurd in trying to explain away gas price hikes and inflation, with former Treasury Secretary Larry Summers blaming people who downplay what happened on January 6.

    “The banana Republicans who are saying that what happened on January 6th was nothing or OK are undermining the basic credibility of our country’s institutions and that in turn feeds through, uh, for inflation,” said Summers.

    BlackRock CEO Larry Fink also ludicrously claimed “nationalism” was to blame for inflation, asserting, “The rise– whether you call it nationalism or the rise of this belief that we have to focus on communities that have been devastated by globalization, we need to find ways of creating better jobs for more Americans, that in itself is inflationary.”

    As we highlighted earlier, more emergency services in the U.S. are having to limit the amount of 911 calls that they are responding to in person because of record high gas prices.

    SUBSCRIBE on YouTube:

    Follow on Twitter:

    ———————————————————————————————————————

    Brand new merch now available! Get it at https://www.pjwshop.com/

    PJW Shop

    ALERT!

    In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

    I need you to sign up for my free newsletter here.

    Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

    Get early access, exclusive content and behinds the scenes stuff by following me on Locals.

    ———————————————————————————————————————

    Continue Reading

    Economy

    Video: More Emergency Services Not Responding to 911 Calls Due To Soaring Gas Prices

    Wasn’t this what Democrats wanted?

    Published

    on

    Steve Watson

    Screenshot

    More emergency services in the U.S. are having to limit the amount of 911 calls that they are responding to in person because of record high gas prices in Joe Biden’s America.

    NBC News reports that responders are cutting key services in order to save on costs.

    Those services include patrol reductions, postponing building inspections, delaying training courses for staff and even not physically responding to emergency calls.

    Watch:

    As we previously noted, sheriff’s departments and police everywhere are blowing through their gas budgets and having to find ways of recouping the costs.

    Wasn’t this what Democrats wanted though? To defund the police. Well now they got it, just in a more round about way.

    Gas prices have rocketed beyond $5 per gallon nationwide, according to AAA data and have more than doubled since Joe Biden entered the White House.

    SUBSCRIBE on YouTube:

    Follow on Twitter:

    ———————————————————————————————————————
    Brand new merch now available! Get it at https://www.pjwshop.com/ PJW Shop

    ALERT! In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

    We need you to sign up for our free newsletter here.

    Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

    Also, we urgently need your financial support here. ———————————————————————————————————————

  • Continue Reading

    Economy

    More Oil Industry Heads Blast Biden For Threats And Blame Over Energy Crisis

    “Following on your campaign promise to ‘end fossil fuel,’ consider just some of the policy and investment signals being sent to the market about our refining industry.”

    Published

    on

    Steve Watson

    NICHOLAS KAMM/AFP via Getty Images

    Following Exxon Mobil’s scathing response to Joe Biden’s threat to use “emergency authorities” against oil companies to make them produce more fuel, more industry leaders have issued equally damning come backs.

    As we noted yesterday, after spending two years vowing and acting to shut down the production of fossil fuel energy, Biden is now imploring the companies to ramp up output.

    Biden accused the companies of worsening the energy crisis by not doing enough and of exploiting Americans, while the White House proclaimed oil companies are not doing their “patriotic duty.”

    Exxon Mobil blasted Biden’s attempt to blame them for his own failing energy policies, noting “We have been in regular contact with the administration to update the president and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies.”

    Overnight, Chevron chimed in issuing a statement noting “We understand the significant concerns around higher fuel prices currently faced by consumers around the country, and the world. We share these concerns, and expect the Administration’s approach to energy policy will start to better reflect the importance of addressing them.”

    The company added “Unfortunately, what we have seen since January 2021 are policies that send a message that the Administration aims to impose obstacles to our industry delivering energy resources the world needs.”

    In addition, the American Petroleum Institute and American Fuel & Petrochemical penned a joint letter in response to Biden, noting that “Refiners do not make multi-billion-dollar investments based on short-term returns,” further explaining that “They look at long-term supply and demand fundamentals and make investments as appropriate.”

    “To that end, following on your campaign promise to ‘end fossil fuel,’ consider just some of the policy and investment signals being sent by various federal agencies and allied state governments to the market about our refining industry,” the joint letter continued.

    “The timing and reasons for shutdowns of several refineries, including the Philadelphia Energy Solutions and Shell Convent refineries, were primarily due to lack of buyers willing to continue operating the facilities as petroleum refineries given growing rhetoric about the long-term viability of the industry,” the letter further noted.

    In other words, Biden’s own promise to shut down their industry is to blame for downward trending production.

    When asked Thursday By Peter Doocy if the push to end fossil fuels is now off the table, the White House Press Secretary said ‘no’:

    Doocy also nailed Jean-Pierre to another Biden administration lie about inflation and fuel prices:

    Meanwhile, Biden is attempting to cosy up to Saudi Arabia for oil, while ensuring that the Russian oligarchs his family previously did big business with are exempt from sanctions.

    SUBSCRIBE on YouTube:

    Follow on Twitter:

    ———————————————————————————————————————
    Brand new merch now available! Get it at https://www.pjwshop.com/ PJW Shop

    ALERT! In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

    We need you to sign up for our free newsletter here.

    Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

    Also, we urgently need your financial support here. ———————————————————————————————————————

  • Continue Reading

    Trending