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Oil companies report sky-high profits thanks to wartime crude prices

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Re: Oil companies report sky-high profits thanks to wartime crude prices

#41

Post by vkou »

api wrote: post #26
bix6 wrote: post #10

Worst administration ever. Worst business leaders ever. I hope something can change.

They're doing great if you're on the beneficiary side: oil companies, defense contractors, the Trump family, Israel, Qatar, Saudi Arabia, etc. All that is at the expense of the rest of the economy. The sectors that are hit the hardest tend to be, with the exception of those above, the ones who voted (disproportionately) for these people. ... which is what you get with a narcissist. The people hurt the most by a narci…

I'm pretty sure that Qatar and the Saudis are not exactly pleased with having their stuff blown up.

Re: Oil companies report sky-high profits thanks to wartime crude prices

#42

Post by downrightmike »

notyourwork wrote: post #21
bix6 wrote: post #10

Worst administration ever. Worst business leaders ever. I hope something can change.

America is not on the path for greatness? Consider me surprised.

Worked better when that was Clinton's slogan

Re: Oil companies report sky-high profits thanks to wartime crude prices

#43

Post by gib444 »

estearum wrote: post #25
java-man wrote: post #3

Someone I know bought two electric cars earlier this year and is very, very happy.

Hilariously, Trump will go down as the most significant POTUS in history for the transition away from oil. Everyone in the world (except our very own kakistocracy) is scrambling to decouple from this energy source.

You were brave, but nothing can stop the inevitable downvotes lol

Re: Oil companies report sky-high profits thanks to wartime crude prices

#44

Post by Arodex »

And it would be worse if China didn't take extraordinary actions to cut its oil consumption by 40% yoy - back to the level of consumption from 19 years ago:

https://www.axios.com/2026/07/30/china-oil-price-iran-power

If they can't sustain that level, or decide to stop taking action, the level of pain is going to be immense.

Re: Oil companies report sky-high profits thanks to wartime crude prices

#45

Post by petre »

vkou wrote: post #41
api wrote: post #26

Earlier quoted context omitted.

They're doing great if you're on the beneficiary side: oil companies, defense contractors, the Trump family, Israel, Qatar, Saudi Arabia, etc. All that is at the expense of the rest of the economy. The sectors that are hit the hardest tend to be, with the exception of those above, the ones who voted (disproportionately) for these people. ... which is what you get with a narcissist. The people hurt the most by a narci…

I'm pretty sure that Qatar and the Saudis are not exactly pleased with having their stuff blown up.

Qatar is pretty much screwed as they can't get the gas out of the Gulf. The Saudis will have to eventually do something about Yemen, because Bab Al-Mandab tanker traffic is also under threat and Asia id paying good money for fossil fuels right now.

Re: Oil companies report sky-high profits thanks to wartime crude prices

#46

Post by mullingitover »

US voters chose to reduce their taxes by a margin they won't notice in exchange for increasing their energy prices by an amount they will absolutely notice.

The wild thing is that this is an extremely predictable thing that has happened every time this political party is given control of the military. The chutzpah of claiming to be anti-war is breathtaking, and it's stunning that voters fell for it.

Re: Oil companies report sky-high profits thanks to wartime crude prices

#47

Post by pudgywalsh »

dyauspitr wrote: post #4
java-man wrote: post #3

Someone I know bought two electric cars earlier this year and is very, very happy.

Yeah I drive about 40 miles a day and pay about $20 per month. I would have had to pay $350/month or so with an equivalent gas vehicle.

Ignoring that your math doesn't add up at all, whenever someone tells me how much money they are saving per month by switching to EV, they always conveniently leave out the $35k-$80k cost of the car plus new tires every $often miles, while my fuel-efficient ICE car is paid off. Oil changes twice a year, buy oil in bulk at Costco.

Re: Oil companies report sky-high profits thanks to wartime crude prices

#48

Post by tokai »

api wrote: post #26
bix6 wrote: post #10

Worst administration ever. Worst business leaders ever. I hope something can change.

They're doing great if you're on the beneficiary side: oil companies, defense contractors, the Trump family, Israel, Qatar, Saudi Arabia, etc. All that is at the expense of the rest of the economy. The sectors that are hit the hardest tend to be, with the exception of those above, the ones who voted (disproportionately) for these people. ... which is what you get with a narcissist. The people hurt the most by a narci…

>defense contractors They are happy about missing out on the largest rearmament or Europe since the ww2?

Re: Oil companies report sky-high profits thanks to wartime crude prices

#49

Post by Cernunnos »

downrightmike wrote: post #42
notyourwork wrote: post #21

Earlier quoted context omitted.

America is not on the path for greatness? Consider me surprised.

Worked better when that was Clinton's slogan

Clinton's path to greatness got the US into the mess that it is in right now, the whole neoliberal agenda is to blame for this.

Re: Oil companies report sky-high profits thanks to wartime crude prices

#50

Post by pudgywalsh »

dyauspitr wrote: post #37
dominotw wrote: post #7

Earlier quoted context omitted.

350 how? my subaru gives me 30 mpg in the city.

Equivalent gas Ford F-150, I have a lightning

> I have a lightning

...which are going for $50k-$75k USED.

Did you forget to amortize that number or is it included in the $20? Will you pay off the loan in the year 2326?

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