Joe Biden Threatens to Use Emergency War Powers in Letter to Oil Companies

President Joe Biden announced Wednesday he would consider using his emergency war powers to increase gas production in a letter to oil companies.

Biden warns oil companies in his letter that “at a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable.”

“My 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, and to ensure that every region of this country is appropriately supplied,” Biden continues.

The president’s letter blamed Russian President Vladimir Putin and “Putin’s price hike” for record-high gas prices in the United States, ignoring the fact that gas prices have doubled since he became president.- READ MORE