"The lack of refining capacity - and resulting unprecedented refinery profit margins -- are blunting the impact of the historic actions my Administration has taken to address Vladimir Putin's Price Hike and are driving up costs for consumers. I also demand to know why refinery production was down in 2020 thus impacting oil prices."
First of all, as I wrote above, this is a fake letter...nothing but another Hail Mary by the Biden Administration to try and get the horrific fuel prices off of their lists of accountabilities before mid-term elections.
Next, it's a lie that oil companies have increased their profit margins. If you make a 5% profit margin on oil that cost $75 a barrel then unless you lower your profit margins, you'll make more off of barrels which cost $100 even when the profit margin stays the same. Simple math that I guess democrats don't believe their constituents will understand. I think this says a lot.
Then he wrote that he demanded answers about oil production going down in 2020 as if the oil industry was out to get him when everyone already knows the answers to this one. First, the COVID shutdowns made fuel sales crash and burn so of course production would go down. Then on day one of his Administration he said that he was on a mission to destroy the oil industry. He said it, not someone else, and he began Executive Orders and Actions to hurt coal, oil, and natural gas companies.
I've said it before, but I've never seen so much deception in all my life. Democrats would have a place in a third-world country where lying is part of the accepted practice, but not here where we need honesty from both parties to find viable solutions to our country's problems.