🌟🌟🌟Can President Trump manually turn a dial to lower oil prices? It would be nice if he could but Oil is a global commodity. Oil prices are dictated by the ruthless laws of international supply and demand, geopolitical blockades and OPEC decisions. There is no way Trump can manually turn a dial to lower oil prices.
For $Exxon Mobil(XOM)$ this political drama is mostly background noise. While the White House fumes over high pump prices, Exxon is utilising its record windfall earnings to fuel robust share buy backs and to protect its legendary Dividend Aristocrat status.
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