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Source: www.cnbc.com...
“At a time of war – historically high refinery profit margins being passed directly onto American families are not acceptable,” the president said in a letter to oil companies including Exxon Mobil and Chevron.
″Companies must take immediate actions to increase the supply of gasoline, diesel, and other refined product,” the letter added.
Biden said that his administration is prepared to use “all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term.”
Source: www.foxnews.com...
Following Buttigieg’s flight being canceled, forcing him to drive from Washington to New York, he said his department has authority to enforce action against airlines that do not sufficiently maintain consumer-protection standards, potentially requiring them to hire more staff.
originally posted by: watchitburn
a reply to: carewemust
Probably a plot to nationalize the US oil industry.
Remember mad Max threatened to do that a few years ago.
originally posted by: carewemust
Can he use these "powers" to keep the price of food below a certain threshold? (i.e. "Stores will not charge more than $1.50 @ pound for Hamburger of any grade. Period!")
-CareWeMust
originally posted by: watchitburn
Probably a plot to nationalize the US oil industry.
originally posted by: watchitburn
a reply to: carewemust
Probably a plot to nationalize the US oil industry.
Remember mad Max threatened to do that a few years ago.
originally posted by: Xtrozero
originally posted by: carewemust
Can he use these "powers" to keep the price of food below a certain threshold? (i.e. "Stores will not charge more than $1.50 @ pound for Hamburger of any grade. Period!")
-CareWeMust
Lol, what the hell does that even mean...do better? When they are most likely doing all they can with what they got.
originally posted by: carewemust
--What is your gut feeling about the Biden Administration using "Emergency Powers" to force oil companies to refine/produce more gasoline