Biden scolded the petroleum giant only to make money, and Exxon Mobil returned to the "loss" in the past five years

Jimu Journalist Li Lili

According to the Fox News Network on June 17, due to the pressure of oil prices in the United States, Biden wrote to threaten several major oil producers, and Exxon Mobil issued a statement to fight back. Exxon Mobil said that the company has done enough in the energy crisis. Biden should promote investment by supporting resource development instead of using the power of presidents. The company also claims that it has been incompetent in the past five years.

A Mobil gas station in Houston, Dezhou (Picture Source Fox News Network)

On June 15, local time, Biden wrote to seven largest oil companies in the United States, calling on them to become "patriots" and ask them to immediately increase oil output to suppress soaring oil prices.

The seven oil companies are marathon oil companies, Valero Energy Company, Exxon Mobil, Philips 66, Chevron Corporation, British Petroleum Corporation and Shell Company.

Biden said that Exxon Mobil "has more money this year than God."

Biden threatened that if they did not increase their profits when the profit had doubled, he would use the president's "emergency power".

The "emergency power" comes from the "National Emergency Act", which refers to the U.S. President in the state of emergency. The US President can exercise special power and bypass several regulations on the promulgation of Congress. Public information shows that the US President has at least 136 legal emergency power, including misappropriation of disaster relief funds or national defense budgets, mobilizing war, implementation of martial law, freezing banking accounts, restricting trade, etc.

In the letter, he stated that he was preparing to use reasonable and appropriate federal government tools to improve oil refining capacity and output in the short term to ensure that each region get appropriate supply.

Faced with Biden's threat, Exxon Mobil issued a statement response on June 16.

Exxon Mobil said they have always maintained regular contact with the government, and a large amount of data proves that they "have more investment in the development of US oil and natural gas supply than any other companies."

ExxonMobil said that in the past five years, they have invested $ 118 billion in oil and gas supply in the past five years, and their net income was US $ 55 billion. During this period, US oil production increased by nearly 50%.

ExxonMobil vomited bitter water in the statement. They said that during the economic downturn, the company still insisted on investing. The daily output of light crude oil in the United States reached about 250,000 barrels, which is equivalent to building a new medium -sized refinery.

The company said: "Even during the epidemic, we did not interrupt the investment. At that time, we lost more than $ 20 billion and had to borrow more than $ 30 billion to maintain investment to increase production capacity and prepare for the needs of the later stage of the epidemic."

At the end of the statement, Exxon Mobilic begged the government to say: "Please promote investment by supporting the policy of supporting US resource development, instead of threatening us with 'emergency power'."

At present, the average price of American gasoline has erupted historically at $ 5 per gallon, which is an economic burden for many Americans, and it is also a political threat to Biden's upcoming midterm elections.

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