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

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

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.

Why don't I hear anyone mentioning "Windfall profits tax" Are oil companies immune from legislation under the current administration?

They can go even higher if we make more war

> Combined, the three companies raked in, on average, some $404 million in profits every day for the last three months.

Just for perspective, Nvidia's daily profits for the past quarter are $641 million. For Apple it's $327 million.

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.

Hooray for their investors, I guess.

It'll trickle down any day now, can't wait to win!

Grotesque, but unsurprising

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

Before 2008 oil was above 100$ per barrel, and dollar was worth a lot more back then.

*shocked pikachu*