dovetc t1_iu0dj98 wrote on October 27, 2022 at 4:55 PM

Reply to comment by lennybriscoforthewin in Thursdaily is here! by OopsImACrow

Because it's not alarming or particularly unexpected? Energy companies make more when energy prices increase. When energy prices come back down, so will Shell's profits. Broadly speaking, Shell is more at the mercy of these global market forces than they are in control of them. I'm sure XOM and CVX are also doing quite well this year.

lennybriscoforthewin t1_iu0i5b8 wrote on October 27, 2022 at 5:25 PM

I honestly don't know- are you saying that it's wrong to blame the oil companies making record profits for the price of gas? It seems to me that if they scaled down the amount of their profits the price of gas could go down.

dovetc t1_iu0iiui wrote on October 27, 2022 at 5:27 PM

Yes, it's wrong to blame publicly held companies for trying to be as profitable as they can. That's quite literally their obligation to their shareholders. They're not running a charity.

TripleOBlack t1_iu0pdkc wrote on October 27, 2022 at 6:11 PM

Line went up boys LETS GOOOOOOOOOO