One chart explains it all: https://www.offshore-energy.biz/oil...rds-reaching-834-billion-in-2022-rystad-says/
We've seen crude oil prices this high before. But oil company profits were less than half current levels back then. Profits are doubling, tripling, even 5x for some oil companies while they test our wallets worldwide. It's not just a US issue, prices and profits are sky high worldwide.
We've seen crude oil prices this high before. But oil company profits were less than half current levels back then. Profits are doubling, tripling, even 5x for some oil companies while they test our wallets worldwide. It's not just a US issue, prices and profits are sky high worldwide.