Supply chain issues, the war in the Ukraine, COVID, and even Jor Biden these are just a few excuses American’s had to deal with amid surging oil and gas prices in 2022. But was it really these things that caused it or just good old fashioned greed and gouging.
Via OE.com: Flush with cash, BP, Chevron, Exxon Mobil, Shell, and TotalEnergies also delivered shareholders unprecedented returns through dividends and share buybacks last year. These firms are expected to post a combined profit of $199 billion for 2022 when they report final quarterly results later this month and in early February.
In the before times this was called “price gouging”.