Drill, Baby, Drill!? Biden Finally Urges Oil Companies to Produce More

President Joe Biden delivered another speech about his attempt to reduce the high cost of gas, as prices continue to rise despite his promise to “work like to the devil” to bring them down.

Biden urged oil companies to start producing more oil, threatening to punish them if they do not respond.

The president accused oil companies of “hoarding” federal oil leases, announcing a new “use it or lose it” plan, where he would charge companies more fees if they failed to develop their oil leases on federal land or even take them away.

“[T]hey can put those profits to productive use by producing more oils, restarting idle wells, or producing on sites they are already leasing,” Biden said.

He acknowledged it took “months, not days” to ramp up production, announcing he would release one million barrels of oil per day to help fight shortages in the meantime. (Read more from “Drill, Baby, Drill!? Biden Finally Urges Oil Companies to Produce More” HERE)

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