Bungling Biden, Who Never Worked in Private Sector, Tells Big Oil Record Profits ‘Not Acceptable’ Amid Soaring Gasoline Prices

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 American 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.

“I understand that many factors contributed to the business decisions to reduce refinery capacity,” Biden wrote. “But at a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable.”

Since Russia’s invasion of Ukraine at the end of February, the average gasoline price in the United States has jumped over $1.70 a gallon, with Biden blaming the conflict for “intense financial pain the American people and their families are bearing,” arguing that “historically high refinery profit margins are worsening that pain.”