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Prices are set by supply and demand. That economic law is as fundamental as they come, but not for the first time, President Donald Trump is acting like he’s above the law. Trump ripped into energy giants Chevron and ExxonMobil this week for windfall profits amid the Iran war: Chevron reported a quarterly record of $12.1 billion, and ExxonMobil’s $14.5 billion nearly doubled last year’s second quarter profit.
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