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-3.85638810689557E-05 -0.000655585978172905 0.000546064555936843 0.000640160425745235 0.00285372719910535 0.00219814122093245 0.00165824688596663 0.00158111912382872
Stock impact report

Trump's dream of ‘energy supremacy' hits an unlikely roadblock: oil companies [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
His seizure of Venezuelan oil and his desire to push down domestic petrol prices look likely to take a toll on the US energy industry's bottom line. Lower oil prices will make drilling less profitable at home. And that will hit just as the president presses the industry to risk billions on an unstable Venezuelan dictatorship. Fresh from his audacious raid on the South American country , an uncomfortable truth is emerging: that Trump's attempt for US energy supremacy could be hitting a roadblock in the form of “big oil” itself. “Trump describes himself as a big friend of the oil and gas industry. And clearly, he's politically much more aligned with the industry than the Democrats and the Biden administration were,” says Richard Bronze, from market-monitoring firm Energy Aspects. “But he also really wants low oil prices, and that isn't good news for producers – particularly higher-cost producers, like most of the US shale industry.” The potential divergence between the indust Show less Read more
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