Energy

Regulation, COVID-19, and giant explosions: Why the US is short on oil refining

By Jeremy Beaman
Published June 17, 2022 11:00am ET
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Regulation, COVID-19, and giant explosions: Why the US is short on oil refining
President Joe Biden is asking oil refiners to manufacture more fuel and help him tame record gas prices, but the shortage of refining capacity holding them back was years in the making and can’t be quickly remedied. Biden’s letters to seven of the nation’s largest refinery operators solicited more output from the industry while criticizing […]

President Joe Biden is asking oil refiners to manufacture more fuel and help him tame record gas prices, but the shortage of refining capacity holding them back was years in the making and can’t be quickly remedied.

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Biden Administration Fossil Fuels Gas Prices Oil