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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.
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
*As they exploit the slight increase to their costs to make markedly more in profits by charging consumers a 1200% markup of the cost difference.
That’s the great thing about percentage-based profit margins.
Dont forget about the US spending 35 billion dollars of tax payers money a year to subsidize the fossil fuel industry…
Two decades ago the US waged war to get oil from the Middle East. Today it wages war to stop oil from the Middle East.
