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The Gorgeous Bathysphere - SS Trump Administration
While I wouldn’t necessarily rely on Truth Social for facts, it occasionally serves as a barometer of President Donald Trump’s anxieties. On Monday, the needle pointed to pump prices: “Get your consumer (retail!) Oil Prices DOWN, NOW!”
Trump was addressing Mike Wirth, chief executive officer of Chevron Corp., which reported record second-quarter earnings on Friday. On the president’s reading, Chevron should offer a quid-pro-quo for all his support and help cut average gasoline prices that have gone back above $4 a gallon as the Iran war drags on. It probably didn’t help Trump’s mood that both Wirth and Darren Woods, CEO of ExxonMobil Holdings Corp., which also reported blowout profits, said out loud that they expect fuel prices to remain elevated. Later on Monday, in comments made at the White House, Trump said the companies are making “too much money.”
https://www.bloomberg.com/opinion/artic ... e-americas
First, the initial stupidity...
What are "CONSUMER RETAIL" oil prices?
Trump was addressing Mike Wirth, chief executive officer of Chevron Corp., which reported record second-quarter earnings on Friday. On the president’s reading, Chevron should offer a quid-pro-quo for all his support and help cut average gasoline prices that have gone back above $4 a gallon as the Iran war drags on. It probably didn’t help Trump’s mood that both Wirth and Darren Woods, CEO of ExxonMobil Holdings Corp., which also reported blowout profits, said out loud that they expect fuel prices to remain elevated. Later on Monday, in comments made at the White House, Trump said the companies are making “too much money.”
https://www.bloomberg.com/opinion/artic ... e-americas
First, the initial stupidity...
What are "CONSUMER RETAIL" oil prices?