jaykrown@lemmy.world to News@lemmy.worldEnglish · 16 days agoBig oil companies continue to post banner profits as fighting in Iran drives costs higherapnews.comexternal-linkmessage-square9linkfedilinkarrow-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 · 16 days agomessage-square9linkfedilink
minus-squarevillage604@adultswim.fanlinkfedilinkEnglisharrow-up22·16 days agoIf their profits are increasing, that means their costs aren’t the issue.
minus-squarejaykrown@lemmy.worldOPlinkfedilinkarrow-up5arrow-down3·16 days agoI hope they stay greedy, this will only accelerate the transition to renewables even faster.
minus-squareCADmonkey@lemmy.worldlinkfedilinkarrow-up1·15 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.
minus-squareTaldan@lemmy.worldlinkfedilinkarrow-up2·16 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
If their profits are increasing, that means their costs aren’t the issue.
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.
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