Philip Pilkington(@philippilk):Oil futures probably have an impact on prices at the margin and in the very short-term, but to a very large extent prices are dictated by supply and demand. The only thing Trump can do to stop “gouging” is price caps which will rapidly create shortages. 🇺🇸🛢️

Philip Pilkington

@philippilk

Macroeconomist/investment professional. Author: The Collapse of Global Liberalism. Host of the Multipolarity podcast, @MultipolarPod.

Joined August 2021

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Philip Pilkington@philippilk

2026.06.30 05:52

Oil futures probably have an impact on prices at the margin and in the very short-term, but to a very large extent prices are dictated by supply and demand. The only thing Trump can do to stop “gouging” is price caps which will rapidly create shortages. 🇺🇸🛢️