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BumRushDaShow

(171,450 posts)
Sun May 3, 2026, 06:30 AM 6 hrs ago

Trump hits roadblock on way to lowering energy prices: report

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

23 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump hits roadblock on way to lowering energy prices: report (Original Post) BumRushDaShow 6 hrs ago OP
Trump doesn't want lower energy prices WSHazel 6 hrs ago #1
Not believable that Trump is on the side of the little guy. This is propaganda for mass consumption. bucolic_frolic 5 hrs ago #2
Trump is on the side.... SergeStorms 5 hrs ago #4
I got 2 out of 3 of your acronyms... GiqueCee 4 hrs ago #6
Your Mileage May Vary /nt bucolic_frolic 4 hrs ago #8
Ah! GiqueCee 4 hrs ago #10
Your mileage may vary. The Madcap 4 hrs ago #9
When used in the same sentence as anything Trump should stand for "you make me vomit." NoMoreRepugs 4 hrs ago #14
PERFECT! GiqueCee 3 hrs ago #19
Of course he's not. paleotn 2 hrs ago #21
I actually believe Trump cares about gas prices, he knows dem4decades 5 hrs ago #3
Typical of MAGAts to be just as self-centered as Dr. T 4 hrs ago #7
Their time is coming, too. Joinfortmill 4 hrs ago #5
I'm going to go out on a limb here and say that Dr. T 4 hrs ago #11
I hope the price of gas keeps going up until election day. KS Toronado 4 hrs ago #12
He started a GREED freight train that he can't stop. Bengus81 4 hrs ago #15
I just paid $4.49/gal last week near where I live in Philly BumRushDaShow 4 hrs ago #16
Washington Examiner??? Pass, thank you very much, MSN. Next you'll cite the Weekly World News! AZLD4Candidate 4 hrs ago #13
The article wasn't from them but a report about what was said in interviews with them and REMEMBER - BumRushDaShow 3 hrs ago #17
That headline assumes he wanted to lower prices Sanity Claws 3 hrs ago #18
Plenty of MAGAts don't understand that oil prices are set globally IronLionZion 3 hrs ago #20
what a joke Nigrum Cattus 1 hr ago #22
It's almost as if Trump's whole economic plan was a disaster sakabatou 15 min ago #23

WSHazel

(795 posts)
1. Trump doesn't want lower energy prices
Sun May 3, 2026, 06:40 AM
6 hrs ago

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

bucolic_frolic

(55,605 posts)
2. Not believable that Trump is on the side of the little guy. This is propaganda for mass consumption.
Sun May 3, 2026, 06:59 AM
5 hrs ago

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

SergeStorms

(20,752 posts)
4. Trump is on the side....
Sun May 3, 2026, 07:47 AM
5 hrs ago

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.

paleotn

(22,544 posts)
21. Of course he's not.
Sun May 3, 2026, 09:59 AM
2 hrs ago

"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

(14,262 posts)
3. I actually believe Trump cares about gas prices, he knows
Sun May 3, 2026, 07:06 AM
5 hrs ago

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

(679 posts)
7. Typical of MAGAts to be just as self-centered as
Sun May 3, 2026, 08:15 AM
4 hrs ago

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.

Dr. T

(679 posts)
11. I'm going to go out on a limb here and say that
Sun May 3, 2026, 08:25 AM
4 hrs ago

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

(23,761 posts)
12. I hope the price of gas keeps going up until election day.
Sun May 3, 2026, 08:51 AM
4 hrs ago

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

Bengus81

(10,309 posts)
15. He started a GREED freight train that he can't stop.
Sun May 3, 2026, 08:56 AM
4 hrs ago

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

(171,450 posts)
16. I just paid $4.49/gal last week near where I live in Philly
Sun May 3, 2026, 08:57 AM
4 hrs ago

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

AZLD4Candidate

(6,868 posts)
13. Washington Examiner??? Pass, thank you very much, MSN. Next you'll cite the Weekly World News!
Sun May 3, 2026, 08:54 AM
4 hrs ago

I got better news reporting from my beloved Mad Magazine.

BumRushDaShow

(171,450 posts)
17. The article wasn't from them but a report about what was said in interviews with them and REMEMBER -
Sun May 3, 2026, 09:05 AM
3 hrs ago
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

(22,433 posts)
18. That headline assumes he wanted to lower prices
Sun May 3, 2026, 09:09 AM
3 hrs ago

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

IronLionZion

(51,491 posts)
20. Plenty of MAGAts don't understand that oil prices are set globally
Sun May 3, 2026, 09:32 AM
3 hrs ago

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

(1,349 posts)
22. what a joke
Sun May 3, 2026, 11:28 AM
1 hr ago

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

(46,240 posts)
23. It's almost as if Trump's whole economic plan was a disaster
Sun May 3, 2026, 12:43 PM
15 min ago

and so was the invasion of Iran.

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