{"id":1517343,"date":"2022-06-15T13:34:28","date_gmt":"2022-06-15T17:34:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1517343"},"modified":"2022-06-15T13:34:36","modified_gmt":"2022-06-15T17:34:36","slug":"biden-urges-oil-companies-to-ramp-up-production-slams-profit-margins","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-urges-oil-companies-to-ramp-up-production-slams-profit-margins\/","title":{"rendered":"Biden urges oil companies to ramp up production, slams profit margins"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-urges-oil-companies-to-ramp-up-production-slams-profit-margins%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1517343&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2722214\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2722214\" class=\"size-full wp-image-2722214\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22165646968974.jpg\" alt=\"President Joe Biden walks to the Oval Office of the White House after stepping off Marine One, Tuesday, June 14, 2022, in Washington. Biden is returning to Washington after speaking at the AFL-CIO convention in Philadelphia. (AP Photo\/Patrick Semansky)\" width=\"1024\" height=\"683\" \/><\/p>\n<p id=\"caption-attachment-2722214\" class=\"wp-caption-text\">President Joe Biden walks to the Oval Office of the White House after stepping off Marine One, Tuesday, June 14, 2022, in Washington. Biden is returning to Washington after speaking at the AFL-CIO convention in Philadelphia. (AP Photo\/Patrick Semansky)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>UPDATED 9:55 AM PT \u2013 Wednesday, June 15, 2022<\/h5>\n<p>President Joe Biden has urged several top oil companies to ramp up production while taking aim at refiners for high profits amid soaring gas prices. In a letter to Exonn Mobil, Chevron and five other firms Wednesday, he said the companies must take immediate action to increase the gas and diesel supply.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Gas is over $5, rising quickly, and Biden&#8217;s response is to *mail a letter* to oil companies. <\/p>\n<p>What embarrassing impotence from President Biden.<\/p>\n<p>\u2014 Tom Cotton (@TomCottonAR) <a href=\"https:\/\/twitter.com\/TomCottonAR\/status\/1537073323477180417?ref_src=twsrc%5Etfw\">June 15, 2022<\/a><\/p>\n<\/blockquote>\n<p>The President said refiners historically high profit margins are worsening the intense financial pain the American people are feeling. These remarks came after Biden recently accused oil companies of purposefully curbing supply to raise prices.<\/p>\n<blockquote>\n<p><strong>\u201cExxon made more money than God this year,\u201d asserted the President. \u201cAny by the way, nothing\u2019s changed. One thing I want to say about the oil companies, they talk about how they have 9,000 permits to drill. They\u2019re not drilling. Why aren\u2019t they drilling? Because they make more money not producing more oil. The price goes up.\u201d<\/strong><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Last week, President Biden blamed rising gas prices on America&#8217;s oil companies, claiming they don&#8217;t pay taxes &#038; aren\u2019t drilling enough oil.<br \/>\u00a0<br \/>Before that, he tried to blame rising prices on Putin.<br \/>\u00a0<br \/>The only place he hasn&#8217;t placed blame is where it belongs: his energy policies.<\/p>\n<p>\u2014 Senator John Cornyn (@JohnCornyn) <a href=\"https:\/\/twitter.com\/JohnCornyn\/status\/1536816499968688128?ref_src=twsrc%5Etfw\">June 14, 2022<\/a><\/p>\n<\/blockquote>\n<p>Biden also informed the companies the federal government is prepared to use all tools and emergency authorities to increase capacity as well as output in the near term.<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/ceo-and-founder-of-sound-income-strategies-david-scranton-talks-inflation\/\">CEO And Founder Of Sound Income Strategies, David Scranton Talks Inflation<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden walks to the Oval Office of the White House after stepping off Marine One, Tuesday, June 14, 2022, in Washington. Biden is returning to Washington after speaking at the AFL-CIO convention in Philadelphia. (AP Photo\/Patrick Semansky) OAN NEWSROOMUPDATED 9:55 AM PT \u2013 Wednesday, June 15, 2022 President Joe Biden has urged several &hellip;<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1517343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1517343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1517343"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1517343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1517343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1517343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1517343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}