Biden and Refiners Clash Over Fuel Shortages

President Joe Biden is targeting refiners as being a choke point for fuel supplies — and floating the notion he could use the Defense Production Act to try to raise gasoline production, according to Politico. But the publication says there are questions about what actions exactly the industry can take since “refiners are now running nearly flat out but still struggling to meet the demand.”

Exxon Mobil responded by telling the White House to look inward, urging the enactment of emergency measures (such as regulatory waivers) used by previous administrations during supply disruptions. The American Petroleum Institute and American Fuel & Petrochemical Manufacturers sent their own letter encouraging Biden to promote long-term investment “through clear and consistent policy that supports U.S. resource development.”

Chevron CEO Mike Wirth has said he does not expect another oil refinery to be built in the U.S. ever again due to federal government policies. 6/16/2022