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My point was that major oil companies already operate with low profits relative the the S&P 500, and that even an extreme reduction to 0% profit would not signi
by pseudo0 4y ago
My point was that major oil companies already operate with low profits relative the the S&P 500, and that even an extreme reduction to 0% profit would not significantly reduce prices at the pump. An 8% profit does not explain gas prices doubling since 2020. Also the "all time" high profits are something like 0.05% above 2018, that language seems like headline clickbait. It might be technically true, but it's rather misleading.