Biden Threatens Oil Companies Increase In Gasoline Production Lower Prices
“In times of war, the refinery’s profit margins far above normal, passed directly to American families, are unacceptable,” Biden wrote in a letter to companies such as ExxonMobil, Valero Energy and Marathon Petroleum, which sees Reuters. “The refinery’s lack of capacity – and the consequent unprecedented profit margins of the refinery – are mitigating the impact of my administration’s historic actions to address Vladimir Putin’s rising prices and increasing costs for consumers,” the president wrote....