Brian Deese: We’re About to Hit the Highest Oil Production Levels Ever Under President Biden

‘We have real challenges, and part of it is that the oil industry, the refinery industry, took 800 million barrels a day of refinery capacity offline before this president took office’

EXCERPT:

DEESE: “But we should start with some facts. Highest natural gas production in the United States ever, happening right now under President Biden. We’re about to hit the highest oil production levels ever under President Biden. We have real challenges, and part of it is that the oil industry, the refinery industry, took 800 million barrels a day of refinery capacity offline before this president took office, during the pandemic. And so right now, we are short refinery capacity because of those decisions. Those decisions were decisions made by those companies as fiduciaries, and now we need to work on what we can do to actually get more capacity and more product into the market. But I want to be very clear: Any constructive step that would actually help in the very immediate term to try to bring more refinery capacity online, get more output out of refineries, we have put that request directly to companies, we’ll continue to do so. If there’s any practical step from the government’s perspective, we stand ready to do that."

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