Oil Majors Profits Doubling With Iran War
consortiumnews.com
Shell posted nearly $10 billion in second-quarter results as consumers struggled with higher living costs and the U.K. suffered a deadly heatwave, Jake Johnson reports.    By Jake Johnson Common Dreams The London-based oil behemoth Shell has reported its net profit more than doubled in
  • UnderpantsWeevil@lemmy.worldEnglish
    5·
    2 hours ago

    US Domestic oil markets are absolutely vibrating with demand.

    Anyone reliant on the Saudis, Qataris, or Kuwaitis for oil… less so.

    • EvergreenGuru@lemmy.worldEnglish
      2·
      2 hours ago

      Prices go up with the market. I don’t own any oil assets, but I do own a car.

      If the US owned its oil resources, it could subsidize costs for citizens. As it stands, all I see is an economy being squeezed by another foreign conflict I didn’t even vote for.