{"id":1519529,"date":"2022-06-16T19:05:15","date_gmt":"2022-06-16T23:05:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1519529"},"modified":"2022-06-16T19:05:26","modified_gmt":"2022-06-16T23:05:26","slug":"oil-companies-level-biden-after-he-threatens-the-industry","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-companies-level-biden-after-he-threatens-the-industry\/","title":{"rendered":"Oil Companies Level Biden After He Threatens The Industry"},"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\">18<\/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%2Foil-companies-level-biden-after-he-threatens-the-industry%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=1519529&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--><p>Two major U.S. oil companies hit back at Democrat President Joe Biden this week after he threatened to use \u201cemergency authorities\u201d on them to stem the political fallout from the historic gas prices that have erupted under his administration.<\/p>\n<p>Biden\u2019s threat was contained in a letter that he sent to ExxonMobil, Phillips 66, Chevron, BP, Shell, Marathon Petroleum Corp, and Valero Energy Corp.<\/p>\n<p>\u201cThere is no question that Vladimir Putin is principally responsible for the intense financial pain the American people and their families are bearing,\u201d Biden claimed, failing to mention that gas prices were already surging before Russia invaded Ukraine. \u201cBut amid a war that has raised gasoline prices more than $1.70 per gallon, historically high refinery profit margins are worsening that pain.\u201d<\/p>\n<p>Biden demanded that the companies \u201ctake immediate actions to increase the supply of gasoline, diesel and other refined product you are producing,\u201d he said in the letter. \u201cUnfortunately, 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.\u201d<\/p>\n<p>ExxonMobil responded by saying that they have been in \u201cregular contact with the administration\u201d to remind them of the extraordinary efforts the company has made in investing in energy production, which they say are more \u201cthan any other company.\u201d<\/p>\n<p>\u201cIn the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions \u2014 such as waivers of Jones Act provisions and some fuel specifications to increase supplies,\u201d the company <a href=\"https:\/\/corporate.exxonmobil.com\/News\/Newsroom\/News-releases\/2022\/0615_ExxonMobil-statement-regarding-President-Biden-Letter-to-Oil-Industry\">said<\/a>. \u201cLonger term, government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines.\u201d<\/p>\n<p>Chevron <a href=\"https:\/\/news.yahoo.com\/biden-administration-working-finalize-meeting-175438766.html\">slammed<\/a> the administration in response to Biden\u2019s letter, writing:\u00a0\u201cUnfortunately, 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two major U.S. oil companies hit back at President Joe Biden this week after he threatened to use \u201cemergency authorities\u201d on them to stem the political fallout from the historic gas prices that have erupted under his administration. Biden\u2019s threat was contained in a letter that he sent to ExxonMobil, Phillips 66, Chevron, BP, Shell, &#8230;<\/p>\n","protected":false},"author":102,"featured_media":1519589,"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-1519529","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\/1519529","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\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1519529"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1519529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1519589"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1519529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1519529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1519529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}