Trump targets big oil profits amid Iran market turmoil | DW News
US President Donald Trump is taking aim at major oil companies, accusing them of profiting from market disruptions and high energy prices. While insisting he’s a supporter of free enterprise, Trump says companies such as Chevron and ExxonMobil have benefited too much from oil shortages. He also predicts that prices could fall sharply once the conflict involving Iran is resolved. We speak to energy expert Harold “Skip” York about whether Trump’s criticism is justified, what’s really driving oil prices, and how a post-crisis Middle East could reshape global energy markets.
#trump #oilprices #dwcurrentaffairs
Chapters:
00:00 Trump targets oil companies over profits
00:43 Are oil firms making too much money?
02:07 How much is Iran driving oil prices?
03:20 Do Exxon and Chevron control prices?
04:37 Will high profits lead to more production?
05:05 Why US shale producers aren’t boosting output
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