01-27-2019, 12:11 PM
"Big Oil" is a commodity, as such, violent price swings are more the result of traders than the oil companies. People who buy/sell/trade oil futures aren't required to take possession of the oil. The price of extracting oil from the ground varies little day by day, and neither do "big oil" profits. $51.5 billion dollars is not a lot of profit when you are talking about the most traded commodity in the history of the world.
Solyndra took a half billion dollars from US taxpayers and delivered zero green energy for our collective effort. Meanwhile, the Hawaii government feeds off the teat of petroleum taxes.
Solyndra took a half billion dollars from US taxpayers and delivered zero green energy for our collective effort. Meanwhile, the Hawaii government feeds off the teat of petroleum taxes.