President Biden Threatens Oil Companies With Emergency Powers To Boost Production

 

FOX News: Biden threatens oil companies with 'emergency powers' if they don't boost supply amid inflation spike  

Biden says oil companies are earning 'historically high' profits 

President Biden may resort to using emergency powers if American oil companies don't increase output at their refineries, the president told oil CEOs in a series of letters Wednesday. 

Biden's statement blames oil companies for running "historically high profit margins" even as Americans experience surging gas prices. 

Biden has recently faced criticism for a lack of executive action aimed at curbing inflation. 

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President Biden Threatens Oil Companies With Emergency Powers To Boost Production  

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’ -- CNBC  

Biden Tells US Oil Refiners Record Profits Are 'Not Acceptable' -- Bloomberg  

Biden threatens oil companies with 'emergency powers' if they don't increase supply: Slams their 'historically high profit margins' while families see gas prices hit record highs above $5 per gallon -- Daily Mail 

Biden tells oil refiners: Produce more gas, fewer profits -- AP 

US: Biden condemns big oil firms as fuel prices spike -- DW  

Biden Sends Threat-Letters To Big Oil: Help Ease "Putin Price Hike" Or Face Our Tools -- Zero Hedge  

Biden warns Big Oil over gas output -- Axios  

Biden’s new inflation scapegoat: oil giants racking up profits amid record gas prices -- Analysis by Stephen Collinson, CNN