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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/ Exxon 20B PROFIT (not revenue) There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.[/quote] Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP. [/quote] [b]Where was this all powerful corporate greed in 2020 and 2021 when oil companies were losing money?[/b] What about 2016-2020 when oil companies were filing for bankruptcy? Where was this all powerful greed when AOC was prematurely celebrating the end of fossil fuel companies? https://www.cbsnews.com/news/aoc-deletes-tweet-celebrating-crash-in-oil-prices-you-absolutely-love-to-see-it/ The reality is that the fossil fuel companies are back with a vengeance because the supply/demand dynamic has flipped in their favor. It has flipped in their favor in part because of Democratic policies, including those of the Biden admin and the Chuck Schumer-led senate want fossil fuels to away. Now that supplies are tight—AGAIN A STATED AND DESIRED BYPRODUCT BIDEN’S OWN GOALS—they want to blame oil companies for it. [twitter]https://twitter.com/soquelcreek/status/1537466244890173440?s=21[/twitter][/quote] Cool story. Oil companies earned RECORD PROFITS in 2021. https://amp.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive[/quote]
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