“While I probably did botch the description, the fact still
remains that the cost per barrel is not controlled by the
oil companies, and they are not profiteering in true
sense.”
When the price of goes oil goes from $50 to $120 who is getting that extra money?
The oil companies!
San Ramon, Calif., April 29, 2022 – Chevron Corporation (NYSE: CVX) today reported earnings of $6.3 billion ($3.22 per share - diluted) for first quarter 2022, compared with $1.4 billion ($0.72 per share - diluted) in first quarter 2021.
Would you like to see that changed?
If so, what would be your plan to change it?
How much is too much?
Commodities go by the same principle. Wheat, corn...