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Elections 2024 / Re: Trump asks Big Oil for $1B in campaign cash
« Last post by banddag on Today at 10:56:26 pm »Not sure how the oil co's will take this. The oil co's did not like the 4 years of Trump. Trump has said so multiple times. 'The oil co's hated me when I was President" was his exact words.
Trump opened up the oil free market too much and the oil co's burned through a trillion dollars of cash reserves. 2.00 per gallon gas was great for the consumer but not so much for the oil co's. Gas will never be below $3 ever again even of Trump is reelected. Articles are now just coming out the oil co's limited refinery production to keep the price of gas per gallon high since 2021 to build back their cash reserves even though record oil production.
The Dow threated to delist Exxon because they had minimal cash reserves and their financials where bringing down the Dow. That is a kiss of death to be delisted from the Dow.
Trump opened up the oil free market too much and the oil co's burned through a trillion dollars of cash reserves. 2.00 per gallon gas was great for the consumer but not so much for the oil co's. Gas will never be below $3 ever again even of Trump is reelected. Articles are now just coming out the oil co's limited refinery production to keep the price of gas per gallon high since 2021 to build back their cash reserves even though record oil production.
The Dow threated to delist Exxon because they had minimal cash reserves and their financials where bringing down the Dow. That is a kiss of death to be delisted from the Dow.