Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Exxon Pushes Back Against Biden on Refining With Jones Act Call

June 15, 2022, 7:20 PM

Exxon Mobil Corp. responded to President Joe Biden’s call on US oil refiners to boost capacity by saying it’s been doing precisely that.

The biggest US oil company said Wednesday it invested through the previous market downturn to raise refining capacity to process US light crude by about 250,000 barrels a day.

Biden could also ease the fuel crunch by waiving the Jones Act, Exxon said in a statement. The legislation requires that vessels carrying goods between US ports be built and registered in the country as well as crewed by Americans. In addition, the government could ease ...