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Their usual profits are due to unpriced externalities, but these specific profits are probably windfall profits due to the War in Ukraine. edit: one of the rel
by ZeroGravitas 4y ago
Their usual profits are due to unpriced externalities, but these specific profits are probably windfall profits due to the War in Ukraine.
edit: one of the related stories goes in depth on this:
"Why are BP, Shell, and other oil giants making so much money right now?”
https://www.bbc.co.uk/news/business-64583982 https://www.bbc.co.uk/news/business-64583982
- toomuchtodo 4y agoWindfall tax and ship the proceeds to Ukraine? Otherwise, these profits are coming out of nation state budgets for Ukraine military support while O&G captures the profits of the commodity volatility caused by the conflict.