Trump Invites Big Oil CEOs Amidst Record Gas Prices and $85 Billion Profits

Donald Trump has scheduled a meeting with oil industry executives at the White House tomorrow, despite the current high gas prices averaging over $4 per gallon. The CEOs of Big Oil companies are set to attend, coinciding with their combined Q2 profits totaling $85.2 billion.

The profit surge largely stems from increased oil prices following the war, rather than enhanced production or innovation. Trump has previously criticized these companies on Truth Social for profiteering at the expense of consumers, citing high gas prices as a result.

Sierra Club is advocating for a windfall profits tax proposed by Congressman Khanna and Senator Whitehouse to recoup excess oil company gains during global crises and return funds to affected individuals.