Trump hits roadblock on way to lowering energy prices: report

[BumRushDaShow]

Source: msn/Rawstory

12h


Oil executives handed President Donald Trump a searing defeat in his effort to lower energy costs for Americans ahead of the midterms, according to a new report.

The Washington Examiner reported on Friday that executives from Exxon Mobil and Chevron said they have no plans to increase production, which could help lower pump prices. Their comments come after Interior Secretary Doug Burgum and Energy Secretary Chris Wright called on oil companies to increase their production earlier this month.

Exxon’s chief financial officer, Neil Hansen, has said the company has no plans to increase production because it is already operating in "high gear."

At the same time, Chevron’s finance chief Eimear Bonner said the company is planning to “grow free cash flow, not grow production.” “You wouldn’t expect us to be changing our plans significantly on the back of eight weeks of disruption,” Bonner said.

Read more: https://www.msn.com/en-gb/money/other/trump-hits-roadblock-on-way-to-lowering-energy-prices-report/ar-AA22gd3P

[WSHazel]

1. Trump doesn't want lower energy prices

He is trying to drain Americans of all their economic resources to help his oil industry supporters.

[bucolic_frolic]

2. Not believable that Trump is on the side of the little guy. This is propaganda for mass consumption.

IMHO, which is, BTW, distorted, though YMMV.

[SergeStorms]

4. Trump is on the side....

of those who make it more profitable for him. He's just about squeezed every penny he can from the MAGA cult, so now it's on to the next sucker, whoever that may be.

[GiqueCee]

6. I got 2 out of 3 of your acronyms...

... but what is YMMV?

[bucolic_frolic]

8. Your Mileage May Vary /nt

[GiqueCee]

10. Ah!

Thank you.

[The Madcap]

9. Your mileage may vary.

[NoMoreRepugs]

14. When used in the same sentence as anything Trump should stand for "you make me vomit."

[GiqueCee]

19. PERFECT!

[paleotn]

21. Of course he's not.

"Before the Nov midterms" being key to this calculus. It's all about the votes. Beyond that, he doesn't care if we all die.

[dem4decades]

3. I actually believe Trump cares about gas prices, he knows

If gas is cheap his supporters don't give a shit if he pours it all over the Constitution and lights it on fire but if they have to pay a dollar a gallon more they'll revolt. Gas and the stock market, he knows if the market is high and gas is low he's free to go full dictator.

[Dr. T]

7. Typical of MAGAts to be just as self-centered as

their hero, Dimwit Donnie. They don't care what he says or does until his actions affect them. When that happens, all of a sudden they becomed concerned while desperately searching for a way to blame Biden.

[Joinfortmill]

5. Their time is coming, too.

[Dr. T]

11. I'm going to go out on a limb here and say that

the oil companies are enjoying record profits. So no, they damned sure ain't gonna' increase production.

There is an environmental upside to higher gas prices. People are driving less so there's a little less crap in the air. Dimwit Donnie is inadvertently helping the environment. Bounce that one off your MAGAt neighbors and coworkers and watch their heads explode.

[KS Toronado]

12. I hope the price of gas keeps going up until election day.

Would give us an overwhelming majority in the House & Senate IMHO.

[Bengus81]

15. He started a GREED freight train that he can't stop.

Just like Bush.IDIOT did except Trump got the price to $4.00 per gallon in Wichita in a flash compared to how long it took Bush.

[BumRushDaShow]

16. I just paid $4.49/gal last week near where I live in Philly

and figured I better get it now before it goes up again (I usually top off when my tank is at half).

[dave99]

24. $4.49 on April 30th, went the actual gasoline went into the ground tanks at Fill Stations at $2.79.

Just FREE PROFIT with NO UPFRONT costs to the oil corps.

[AZLD4Candidate]

13. Washington Examiner??? Pass, thank you very much, MSN. Next you'll cite the Weekly World News!

I got better news reporting from my beloved Mad Magazine.

[BumRushDaShow]

17. The article wasn't from them but a report about what was said in interviews with them and REMEMBER -

the GOP MOSTLY spews on their OWN media and the rest of M$M is left reporting quotes from interviews on those outlets.

[Sanity Claws]

18. That headline assumes he wanted to lower prices

He doesn't give a fuck about the people. He is there to help the oligarchs, including the fossil fuel industry.

[IronLionZion]

20. Plenty of MAGAts don't understand that oil prices are set globally

The supply shortages in other parts of the world are impacting the prices here in the US.

Oil companies are raking in some sweet revenue. So why would they want to increase their costs and lower revenue just to help consumers with lower prices at the pump? Maybe next he'll give them some more tax cuts to trickle down to us.

[Nigrum Cattus]

22. what a joke

1) they can't increase production, we are at max
2) they faster they produce the faster they start running out, it's a finite resource.
3) there job is to maximize profit not production, that's why they backed tsf

[sakabatou]

23. It's almost as if Trump's whole economic plan was a disaster

and so was the invasion of Iran.