Presidents can’t dictate oil and gas prices. But Americans tend to blame the White House for gas woes anyway. (via threidout Blog)
President Joe Biden’s sternly worded letter, released Wednesday, urging oil companies to stop price gouging and produce more product, was an exasperated response to a stubborn problem: Oil companies are greedy and drag on the economy.
“At a time of war — historically high refinery profit margins being passed directly onto American families are not acceptable,” Biden said in a letter to oil companies including ExxonMobil and Chevron.. But the letter is an acknowledgment that Americans tend to blame the White House for gas woes regardless. And the public feud between Biden and Big Oil is just the latest stage of what’s been an on-again, off-again war between them.
A version of the bill was adopted as an amendment to a State Department funding bill the following year, but Biden has nonetheless fallen in and out of love with Big Oil throughout his career. As a senator in the '90s, Biden repeatedly opposed fuel efficiency measures — which were also opposed by big oil companies — that would have raised the standards on tailpipe emissions. But by the early 2000s,
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