jaykrown@lemmy.world to News@lemmy.worldEnglish · 6 days agoBig oil companies continue to post banner profits as fighting in Iran drives costs higherapnews.comexternal-linkmessage-square9fedilinkarrow-up1134arrow-down11
arrow-up1133arrow-down1external-linkBig oil companies continue to post banner profits as fighting in Iran drives costs higherapnews.comjaykrown@lemmy.world to News@lemmy.worldEnglish · 6 days agomessage-square9fedilink
minus-squarevillage604@adultswim.fanlinkfedilinkEnglisharrow-up22·6 days agoIf their profits are increasing, that means their costs aren’t the issue.
minus-squareTaldan@lemmy.worldlinkfedilinkarrow-up2·5 days agoProduction costs haven’t gone up for anyone. It’s purely a supply issue, as production has been entirely halted for ~18% of the world’s oil
minus-squarejaykrown@lemmy.worldOPlinkfedilinkarrow-up5arrow-down3·6 days agoI hope they stay greedy, this will only accelerate the transition to renewables even faster.
minus-squareCADmonkey@lemmy.worldlinkfedilinkarrow-up1·5 days agoMy personal wackadoodle conspiracy theory, which I unload on anyone in my red state who doesn’t run away fast enough, is that trump is a liberal plant to trick the US into switching over to renewables.
If their profits are increasing, that means their costs aren’t the issue.
Production costs haven’t gone up for anyone. It’s purely a supply issue, as production has been entirely halted for ~18% of the world’s oil
I hope they stay greedy, this will only accelerate the transition to renewables even faster.
My personal wackadoodle conspiracy theory, which I unload on anyone in my red state who doesn’t run away fast enough, is that trump is a liberal plant to trick the US into switching over to renewables.