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Trump Slams Oil Companies For Making Too Much Money During War
Posted
August 4, 2026
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August 4, 2026
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7:44Now PlayingAmerican Petroleum Institute CEO Mike Sommers says high prices at the pump are a predictable consequence of the Strait of Hormuz being closed for months and that he has seen both ends of the price spectrum for the industry. Sommers said that higher energy prices now mean investments in future production and that the US should be building more refineries and urged lawmakers to prioritize permitting reform to help build up US energy stores.
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