@bloombergbusiness: American Petroleum Institute CEO & President Mike Sommers says that about 7 of the 11 million barrels per day needed to see lower gas prices are now getting through the Strait of Hormuz, well below levels seen pre-war. He speaks on Balance of Power. #oil #markets #prices #CEO #Hormuz
nevermind you oil companies could use it here but they want to sell it elsewhere 😂😂 we literally import the oil we use
2026-08-05 01:54:30
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Lonely-Old-Man :
He's the representant of the big oil companies which are making money like crazy
2026-08-05 01:44:33
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goodoleboi :
They’re price gouging us. The profits are through the roof.
2026-08-05 01:22:30
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ike.noturner7 :
gas is $4.29 wtf is he talking about
2026-08-04 23:20:56
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Alex Benitez :
all I heard was RECORD PROFITS
2026-08-05 00:06:35
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mattazpeitia :
here's the bottom line theyre making way too much money to lower anything
2026-08-05 00:15:09
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James :
Except for the decreased global refining capacity, and the need to refill Strategic Petroleum Reserves.
2026-08-05 00:26:38
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Insert name here :
Lies for Trump it’s over 4.00 where I live
2026-08-04 23:54:58
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LynnHTX :
But gas will go up anyway, excuses excuses even if it was down for 12 years straight it will never go down big
2026-08-05 00:23:31
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Isla Samoyed :
Gas is $5.30ish here
2026-08-05 00:22:14
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Frank Murphy :
Yet oil companies are making record profits
2026-08-05 01:08:15
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brandon_heith :
If it’s not affecting the crude price, we shouldn’t be paying more at the pump!
2026-08-04 23:36:43
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Robin E :
This is assuming the bab el-mandeb strait and the Suez canal is open.
That is not certain...
2026-08-05 00:02:29
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none yo business :
all horseshit
even before the strait was shut down and all these ships that went through they jacked up the prices at the pump
2026-08-04 22:48:53
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Aashi4mNepal :
Trump and Republicans party will do anything to ruin the country. And theirs delusional fan think what Fox tells them to think.
2026-08-04 23:37:17
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Steveareeno :
BS
2026-08-05 01:31:59
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Marty :
The U.S. doesn’t use oil from the straight
2026-08-05 00:14:16
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Cursor60 :
Yeah but the bastards raise it in a fucking split second when Trump bloviates and Iran is on so-called talks.. this is gouging and is so obvious. Record profit for Exxon and chevron.. WE NEED TO BOYCOTT TUE MINI MARTS AND STOP BUYING ANYTHING BUT GAS.. and don’t fill up at one time.
2026-08-04 23:04:49
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georgegianno95 :
New laws need to pass to shut the presidents mouth up. He is manipulating the markets. I really hope it crashes during his term, cause it will crash definitely.
2026-08-04 23:19:07
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baejay1234 :
Oh ya, I’m sure Iran is going to be super cool with everyone building infrastructure to avoid the straight.
2026-08-05 00:16:39
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up in smoke :
who cares Americans don't get there oil
2026-08-05 02:17:17
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