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In Europe, they did get more greedy. There has been some noise about legislating them, but so far nothing has happened.
by muro 4y ago
In Europe, they did get more greedy. There has been some noise about legislating them, but so far nothing has happened.
- throwaway_4ever 4y agoThe only reason oil companies share prices are up is because before they sold X million barrels of oil a year at Y price, and now they still sell X barrels at Y * 1.4 price. Oil is a free market, if you tell them they shouldn't be "greedy" and keep selling it at Y price, someone else just comes along immediately buying at Y and selling at Y * 1.4, pocketing the arbitrage and your oil is still just as expensive.
- muro 4y agoThis is about the price difference between oil as commodity and petrol at the gas station.