Exxon Responds to Biden's Angry Letter, Drops Him Like Democrats Want to in 2024
Joe Biden is in a pickle. He wants gas prices to go up, but he doesn't want to be blamed for gas prices going up. So, he did what Democrats do in cases such as these: he blamed businesses. In this case, the oil and gas companies. Exxon responded by telling the president, in polite terms, to suck it.
Here's the president's letter. Allow me to summarize: "You guys are making too much money. You should be patriotic and lose money even though my policies make everything more difficult. Hugs 'n Kisses, Joe."
Pres. Biden sends letters to 7 major oil refiners - an area of intense focus at the WH due to capacity issues.
-Energy Sec will convene emergency meeting
-Companies asked to provide reasons for reduced refining capacity and “any concrete ideas” to address issues pic.twitter.com/WCJdl1l1EQ
— Phil Mattingly (@Phil_Mattingly) June 15, 2022
Exxon responded. On the charge they aren't making enough oil:
"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."
On the charge that they are making too much money:
"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."
Then there are these bars about what the government can be doing, namely "through clear and consistent policy." The problem is Biden's policies in the case of energy have been both clear and consistent.
Joe Biden said he was willing to see people hurt economically to get us off fossil fuels. Your high gas prices are all part of his plan. Don't believe me. Just listen to him. pic.twitter.com/NKpf4qumSs
— Erick Erickson (@EWErickson) June 11, 2022
One of the few things Joe Biden has been clear about is that he wants to run the gas and oil industry out of business. Critics say he sent that signal on day one when he shut down the Keystone XL pipeline, the exact moment when gas prices started to go up. You can't tell me that you are going to run them out of business and that act surprised when they prepare for you running them out of business.
Biden can try to pass the blame to whoever he wants. Voters can see what the cost of a gallon of gas is now, then look back about three dollars or so a gallon to what it was when the last guy was in office. Then they can vote smarter than they did the last time.
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