Profits for the Rich, Inflation for the Poor
As oil and gas companies make record profits, gas prices continue to rise. From 2021 to 2023, the country’s top-10 wealthiest of these companies made a combined net income of $313 billion. Average gas prices have now reached $3.34 per gallon, costing people $40 to $50 to fill up their car tank. But, in some […]
Oil and Gas Companies Profit Off of Our Misery
Over the last few days, major oil and gas companies released their quarterly earning reports. While most regular people were suffering from unaffordable gas prices, most of the companies reached near or all-time profit records for the second quarter of 2022. BP reported its highest profits in 14 years, a threefold increase from its earnings […]