Explore

Exclusive-White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline

Exclusive-White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline

By Jarrett Renshaw and Arathy Somasekhar WASHINGTON/HOUSTON, Aug 4 (Reuters) - The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump

President Trump Demands Oil Companies Reduce Gas Prices, Criticizes Chevron CEO

President Trump Demands Oil Companies Reduce Gas Prices, Criticizes Chevron CEO

President Donald Trump has called on U.S. oil companies to immediately lower gasoline prices following a significant drop in crude oil futures. This demand was made public through a post on Truth Social, where Trump specifically targeted Chevron CEO Mike Wirth. Trump criticized Wirth for not acknowledging the administration's efforts in restoring Chevron's operations in Venezuela. The Trump administration had previously reopened access to Venezuela's oil sector, allowing Chevron to resume operations and become a major buyer of Venezuelan crude. Despite a 6% drop in crude prices, the national average for regular gasoline remained at approximately $4.09 per gallon, only slightly lower than the previous week's prices. This situation arises as retail fuel prices often lag behind changes in the oil market due to existing inventory purchased at earlier prices.

President Trump Criticizes Exxon and Chevron for High Profits Amid Iran Conflict

President Trump Criticizes Exxon and Chevron for High Profits Amid Iran Conflict

President Trump has publicly criticized ExxonMobil Holdings Corp. and Chevron Corp. for their significant profits as oil prices have surged due to the ongoing conflict in Iran, which began in February with U.S. and Israeli involvement. Trump expressed dissatisfaction with the oil companies' financial gains, urging them to reduce retail gasoline prices and return some profits to the public. Despite being a proponent of free enterprise, Trump voiced his concerns about the companies' earnings during a press briefing at the White House. The oil giants have more than doubled their net income in the second quarter, attributing the increase to disruptions in global energy markets caused by conflicts in the Middle East and Russia. Instead of distributing profits to investors, Exxon and Chevron have focused on reducing their debts.

President Trump Criticizes Chevron and Exxon for High Profits Amid Iran Conflict

President Trump Criticizes Chevron and Exxon for High Profits Amid Iran Conflict

President Trump has publicly criticized Chevron and ExxonMobil for their substantial profits during the ongoing conflict with Iran. The criticism comes as oil prices have surged following coordinated strikes by the U.S. and Israel against Iran, leading to the closure of the Strait of Hormuz and an American blockade of Iranian ports. Chevron reported second-quarter earnings of $12 billion, a significant increase from $2.5 billion the previous year, while ExxonMobil announced earnings of $14.5 billion. Despite these profits, both companies have focused on reducing debts rather than increasing share buy-backs. The U.S. has also tapped into its strategic oil reserves to stabilize the energy market, with reserves falling to their lowest level since 1983. President Trump has expressed dissatisfaction with the oil companies' profits, despite his support for free enterprise, and has ordered an investigation into potential price gouging.

Rosie O'Donnell Claims President Trump is 'Very Physically Ill', Raises Concerns About His Health

Rosie O'Donnell Claims President Trump is 'Very Physically Ill', Raises Concerns About His Health

Rosie O'Donnell has publicly expressed concerns about President Trump's health, claiming he is 'very physically ill' and suggesting that those close to him are aware of his declining condition. These comments were made during an episode of the 'On With Kara Swisher' podcast, where O'Donnell discussed Trump's health and his falling approval ratings. Reports have surfaced of Trump appearing to fall asleep during meetings, which has fueled speculation about his health. Despite these claims, Trump has maintained that he is in excellent health, citing recent medical checkups at Walter Reed National Military Medical Center. The White House has also defended Trump's health, describing him as 'the sharpest and most accessible president in American history.' O'Donnell's remarks are part of a long-standing feud with Trump, which dates back to her time on 'The View.'

President Trump Criticizes Exxon and Chevron for Excessive Profits Amid Iran Conflict

President Trump Criticizes Exxon and Chevron for Excessive Profits Amid Iran Conflict

President Donald Trump has accused ExxonMobil and Chevron of making excessive profits during the U.S. conflict with Iran, as both companies reported significant earnings increases. Chevron's profits rose to $12 billion, while Exxon's reached $14.5 billion, driven by high crude oil prices. Trump has called for these companies to reduce consumer prices, highlighting the political and economic challenges posed by the ongoing conflict. The American Petroleum Institute defended the industry's profits, attributing high prices to global supply and demand dynamics.

President Trump White House Releases AI-Generated Parody of Nicole Kidman AMC Ad

President Trump White House Releases AI-Generated Parody of Nicole Kidman AMC Ad

The White House, under President Trump, has released an AI-generated parody video of the well-known Nicole Kidman AMC Theatres advertisement. The video, posted on the official Trump White House YouTube channel, is titled 'Silence your cell phones. Sit back. Welcome to the Golden Age.' It features a reimagined version of Kidman's ad, replacing 'magic' with 'MAGA' and showcasing a faceless avatar in a 'Make America Great Again' cap. The parody video, which lasts just over a minute, has sparked curiosity due to its timing, as the original ad debuted five years ago. The video is seen as a standard piece of Democrat rage-bait, with its release raising questions about its purpose and the choice to parody the ad now.

The Latest: Trump says new talks are Iran's 'last chance' to make a deal

The Latest: Trump says new talks are Iran's 'last chance' to make a deal

President Donald Trump says newly planned talks with Tehran are the “last chance” for Iran to forge a deal and avoid an escalation of U.S. strikes on the country

Trump blasts Exxon, Chevron for making 'too much money,' demands lower gasoline prices

Trump blasts Exxon, Chevron for making 'too much money,' demands lower gasoline prices

By Jarrett Renshaw and Sheila Dang WASHINGTON, Aug 3 (Reuters) - U.S.

Trump says Exxon, Chevron are 'making too much money' amid Iran war

Trump says Exxon, Chevron are 'making too much money' amid Iran war

President Trump called out the nation's two largest oil companies, accusing ExxonMobil and Chevron of "making too much money" during the Iran war.

Detroit Free Press

Michigan gas prices now highest in months, may keep rising

Michigan gas prices now highest in months, may keep rising

"The national average could reach its highest level ever recorded for this point in the calendar year," says an analyst at Gasbuddy.

As Blanche's path to confirmation is cleared, Trump's tax audit immunity remains in place

As Blanche's path to confirmation is cleared, Trump's tax audit immunity remains in place

Acting Attorney General Todd Blanche has rescinded President Donald Trump’s $1.8 billion “anti-weaponization fund” meant for his political allies