I am not worth a future but this is…
I care more about what everybody else has paid for the shit that the elected representatives of Americans are doing with powers given to them and which are widelly supported by Americans (most notably with their Nationalism, Militarism and support for a de facto Oligarchic power system) than I care about the consequences to Americans of their choices even if they disagree with the color of whatever puppet is POTUS.
IMHO most people in the World don’t deserve this shit whilst, only a handful of Americans don’t deserve this shit - even those Americans that didn’t vote for Trump deserve this shit if they’ve been supporting Militarism and interventionism abroad under other Administrations (in other words, pretty much just the anti-War crowd in America who are consistently against in no matter the party in power don’t deserve this shit).
With the Iraq war they had to come up with all these bullshit excuses and spend a ton of time and effort pushing the propaganda to the public. In a strange way it’s actually better this time that they just said yeah, this war is about oil, look how much money we are making because fuck you, that’s why.
And the thing is… It is not about expanding supply, it is about restricting it.
25 years ago, the cheapest gas I bough was $1.05 / gallon. I’m having a hard time thinking of any common products that cost less than 4x as much today.
I don’t see Trump telling big oil to sell gas at cost for the foreseeable future so I guess he is fine with the American consumer footing the bill of his war.
Yeah he said “we’re making a lot of money”. And by “we” he means him and his cronies
He doesn’t give a shit. He’s insulated enough, and he got the votes he wanted in the transaction. Americans can pound sand with this guy.
Cool,
We can arrest them,
Not under U.S. Law.
But what’s that worth anyway?
“War is a racket.”
Don’t worry, its due to trickle down any time now.
Also, it’s Biden’s fault.
Murder money.
Fuckers could have nationalized solar electric decades ago and all those civilians would still be alive and the oil barons would be de-powered.
Wait so does that mean that the true cost only went up by 18 billion.
In a similar vain, demand based pricing makes no sense in a situation like this, a tax does.
When something becomes scarce, it doesn’t increase its cost of production, it just needs to decrease consumption. They do that via a price increase to dissuade demand but pocket the difference.
What makes far more sense is a tax, similar to the carbon tax, that can go up and down based on limited supply or not. It can still reduce demand but the difference is that the extra money spent gets returned to the people.
I still don’t get why people hated the carbon tax so much.
A global crude oil scarcity tax would be a nightmare to implement.
It would be easier to actually tax all that extra profit in a meaningful way.
Not necessarily, that can be local v total final global sales. But yeah the price goes up which doesn’t reflect how’s much the actual cost of getting the gasoline for today specific places was so the oil company just makes more profit.
And they’ll do it again just to make sure the brown people get subjugated out of the working class.
I’d pay a MILLION Dollars a Gallon if it Means Billionaires can get MORE MONEY!
-People with “Trump = Lower Prices” Signs!
"As long as he lets us be openly racists, sexists, misogynists, nazis, and all around deplorable people, he can rob us blind.
USA! USA! USA!"
-his entire base
Yeah but oil mega corporatists have protected you from the Muslims and communists by… aligning with the oil based Arab billionaires and Russian billionaires.
Gosh I feel so much safer around all these Christian Extremists!
You’re thinking what I’m thinking: what the hell happened do those 18B?!
No I’m not because that would be pretty obvious… increased costs.
But, it’s also just a shittily written article.
Americans have paid $148B more during the measured period than last year.
Oil companies have made $130B in total profits over the same time period.
The critical bit left out is that last year they made $47B in profits over the same period. So, oil companies have made $83B more in profits than last year.
So Americans have paid $148B more while oil companies have made $83B more. The costs to the oil companies have increased by $65B.
I assume what happened was costs went up $18B, but they charged an extra $130B because they knew they could get away with it.
Probably it’s the additional costs of having to ship some of the oil from further away and having to exploit more costly oil reserves (such as lower yield fracking oil reserves in the US).
Higher oil prices make alternative oil sources (fracking, tar sands) viable, but they weren’t viable before with lower oil prices exactly because they’re more costly.
That’s why energy companies don’t go green energy that much. There’s not enough chances for greedflation.
Sure there is. My electric company is primarily remewables and somehow the rates just increased again! After doing the same thing for the last several years in a row! My electric bill is now nearly double what it was 6-7 years ago.
What they do is say “due to increased demand” (which doesn’t exist unless you count overproduction that goes to other places).
Lying is just good business, especially of it’s only a lie technically!
Spent on the higher oil prices.
Maybe they’re investing in new gas price signs that can display another digit
First, the article is poorly written, making it difficult to understand what is being compared and the true magnitude of change.
This article isn’t claiming Americans spent $148B in total. It says they paid $148B MORE during the eight months of the Iran War. The total amount spent by Americans during that period is substantially higher than $148B.
They then state the petroleum industry profited a total $130B between April and September, a six month period which omits two months of the Iran War.
I bet they were used to make transgender toilets! SO UNFAIR
Big Beautiful Crony-Capitalism!
I love seeing all the big oil is totally price gouging comments when it’s a global market.
They can price gouge globally, or just in certain markets. They’re buying crude and selling us refined fuels that have been in the processing pipeline for years.
That’s because they charge us the replacement price when it costs more to buy crude.
They aren’t quick to charge us less when the prices come down.
A handful of companies control the entire market. They do whatever they want and pretend it’s not them it’s “the free market”.
My brother in oil, have you ever heard of cartels/price-fixing/etc.?
Check out OPEC, or the Phoebus Cartel, for instance
