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Sogo

(4,986 posts)
Sat Jun 18, 2022, 02:53 PM Jun 2022

Could Biden invoke the Defense Production Act to force oil companies

to produce more gasoline and thus bring down prices?

I read that part of the problem of high prices is that oil companies took some refineries off-line during the pandemic and have not brought them back on, which has kept production of gas low and prices high....

10 replies = new reply since forum marked as read
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Could Biden invoke the Defense Production Act to force oil companies (Original Post) Sogo Jun 2022 OP
There's no shortage of greed or gas. we can do it Jun 2022 #1
If it was the former guy he'd do it anyway. LakeArenal Jun 2022 #2
Is there an issue of having qualified plant operators? Throck Jun 2022 #3
Refineries are at capacity Abnredleg Jun 2022 #4
Why not just order them to lower the prices in half? MichMan Jun 2022 #5
Because it would tank the economy Polybius Jun 2022 #8
Do you think the president can order them to build refineries? MichMan Jun 2022 #10
They're waiting on Tickle Jun 2022 #6
A windfall profits tax should do the trick. nt. BlueIdaho Jun 2022 #7
It seems to me this would be an opportune time to go crazy big on solar. How about 100% Vinca Jun 2022 #9

LakeArenal

(28,817 posts)
2. If it was the former guy he'd do it anyway.
Sat Jun 18, 2022, 02:58 PM
Jun 2022

Very Republican philosophy: it’s easier to get forgiveness than to get permission.

MichMan

(11,920 posts)
5. Why not just order them to lower the prices in half?
Sun Jun 19, 2022, 12:24 AM
Jun 2022

He has as much authority to do that as he does on ordering them to build more refineries.

MichMan

(11,920 posts)
10. Do you think the president can order them to build refineries?
Sun Jun 19, 2022, 10:30 AM
Jun 2022

at their expense, given there is currently no shortage of fuel?

Vinca

(50,270 posts)
9. It seems to me this would be an opportune time to go crazy big on solar. How about 100%
Sun Jun 19, 2022, 07:49 AM
Jun 2022

tax deduction for installing solar panels for whatever real estate you own and a foolish rebate from the government if you buy an electric vehicle? We see fires in the west, draught and flooding in the same parts of the country, rising sea levels, etc. and it's caused by our destruction of the planet. Meanwhile, war and greed cause the fuel shortage that caused the billions of dollars of damage and lives lost from climate change. It's just crazy. Look up and the sun is hitting every rooftop. It's like pumping oil from the ground and not bothering to catch it.

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