Biden Fail: US North East Winter Energy Rationing? Biden Urges Export Cuts, Increased Production
1 hour ago
Essay by Eric Worrall
h/t Cautious Optimism; A few months ago Biden urged energy providers to increase exports to Europe, to support Europe’s efforts to resist Russian energy blackmail. Now Biden is complaining that US inventories are unusually low, and wants providers to focus on rebuilding domestic inventories.
Biden Administration Urges Fuel-Export Cuts to Restock Northeast
‘Emergency measures’ may be needed if refiners don’t act
Energy Department points to below-normal Northeast stocks
By Ari Natter
27 August 2022 at 00:35 GMT+10 Updated on27 August 2022 at 02:03 GMT+10
The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.
While East Coast gasoline and diesel inventories are well below normal, exports of US refined products are at an all-time high, the Energy Department wrote in a letter last week to refiners that included Exxon Mobil Corp., Valero Energy Corp., and Phillips 66.
https://wattsupwiththat.com/2022/08/28/biden-fail-us-north-east-energy-rationing-biden-urges-cuts-increased-production/ 