Trump blasts big oil companies for 'making too much money'

[catfish1957]

https://www.msn.com/en-us/money/economy/trump-blasts-big-oil-companies-for-making-too-much-money/ar-AA29k1Xn

<snip>

WASHINGTON—President Trump said Chevron and ExxonMobil are “making too much money” and should return some of their profits back to the public.

“When you look at one company where they made 12 times what they made the year before, they ought to give some of that back to the public,” Trump told reporters in the Oval Office on Monday. “And they better cut the retail price, the consumer price.”
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The Orange POS and I are offically through.  Oil workers, including retirees have been a heavy base and support for MAGA.  Now you want to confiscate it from us like a Socialist?


Integrated Oil is by volume, is a bottom quartile of least profitable industries.

https://fullratio.com/profit-margin-by-industry

[IsailedawayfromFR]

Good source.

Glancing at this, appears the banks are the ones that need to be reined in.

[The_Reader_David]

I'd really like my grad alma mater, the University of Pennsylvania, to revoke Trump's Wharton MBA. It's obvious he learned absolutely nothing, this being simply more evidence of that piled on top of his stupid belief that foreign companies exporting goods to the US are the ones who pay tariffs.