Biden Tells Big Oil That Record Profits ‘Not Acceptable’ Amid Soaring Gas Prices

Biden Tells Big Oil That Record Profits ‘Not Acceptable’ Amid Soaring Gas Prices
A driver unloads raw crude oil from his tanker to process into gas at Marathon Refinery in Salt Lake City, Utah, on May 24, 2022. George Frey/Getty Images
Tom Ozimek
Updated:
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President Joe Biden is looking to jawbone U.S. oil companies into boosting gasoline and diesel supply amid soaring prices, calling on executives to expand refining capacity while blasting refiners for enjoying record profits while U.S. drivers face pain at the pump.

Biden made the remarks in a letter to oil executives, seen by The Epoch Times, in which the president demanded an explanation for any oil refining capacity cuts they had made since 2020 while alleging that they had cut back on refining to bolster bottom lines.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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