Big Oil Is Seeing Windfall Profits as Trump’s War on Iran Drives Up Prices

Big Oil Is Seeing Windfall Profits as Trump’s War on Iran Drives Up Prices

Amid the destabilization and devastation caused by the US-Israeli war on Iran, oil executives are raking in billions.

US Oil Spending Sinks While Producers Take Profits From Iran War but Cut US Production as Trump Administration Accuses Companies of Price Gouging * The Gateway Pundit * by Jordan Conradson

Most major US oil companies are now scaling back capital spending and US production while reaping the rewards of higher global oil prices resulting from the…

US Oil Spending Sinks While Producers Take Profits From Iran War but Cut US Production as Trump Administration Accuses Companies of Price Gouging - Politics, Policy, Political Views

As a result of the Iran conflict and U.S. actions in Panama and Venezuela, American control over global oil supplies has expanded significantly, while the power of Iran, Russia, and China has declined. Most major US oil companies are now scaling back capital spending and US production while reaping the rewards of higher global oil prices resulting from the war in Iran, despite continued pressure from the White House to lower prices and give back…