To be honest, Trump can’t sit still again. Chevron’s Q2 net profit hit $12.2 billion, up fourfold year over year, and Exxon Mobil’s $14.5 billion—straight up doubled. These two energy giants are rolling in oil profits. Right on the heels of that, he took to his real social platform to urge that gas retailers must immediately lower gas prices, or else trouble is right around the corner.
This flip-flopping is an old tradition. He calls for lowering gas prices, but the price just won’t come down because of the situation in the Middle East pushing it up. He says he’ll intervene, but so far the White House hasn’t made clear whether it means tapping strategic reserves or issuing administrative guidance. Those who understand understand—this looks more like an explanation to voters; actually making cuts is not that simple.
$CL —short term, it’s about geopolitics; long term, it’s about what he has to say. Do you think he can hold down gas prices?
#特朗普 #石油 #CL
This flip-flopping is an old tradition. He calls for lowering gas prices, but the price just won’t come down because of the situation in the Middle East pushing it up. He says he’ll intervene, but so far the White House hasn’t made clear whether it means tapping strategic reserves or issuing administrative guidance. Those who understand understand—this looks more like an explanation to voters; actually making cuts is not that simple.
$CL —short term, it’s about geopolitics; long term, it’s about what he has to say. Do you think he can hold down gas prices?
#特朗普 #石油 #CL