White House press secretary Karine Jean-Pierre shot down calls to increase oil drilling in the U.S. Thursday, saying the country doesn't need it. Jean-Pierre argued that oil companies cut refinery capacity at the outset of the COVID-19 pandemic and have yet to increase that capacity back to pre-pandemic levels. "Because we don't need to do that," Jean-Pierre responded. "What we need [oil companies] to do is, with the oil that's out there, we need them to refine that oil so that the capacity can go up and that prices would go down." Biden blamed oil companies for running "historically high profit margins" even as Americans experience surging gas prices.

Source: Fox News June 16, 2022 20:51 UTC