BP profits more than double as Iran war sends oil prices higher (www.bbc.co.uk)
from carton_of_lions@sh.itjust.works to world@lemmy.world on 28 Apr 06:45
https://sh.itjust.works/post/59263937

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Voroxpete@sh.itjust.works on 28 Apr 10:09 collapse

Do I have to be the one to say it? If their profits have doubled, the war didn’t set the new price, they did.

BP could have raised prices only as high as needed to absorb the increase in their baseline costs. Instead they - and every other gas company - chose to use the war as an excuse to double their margins. That’s just profiteering, plain and simple.

OpenStars@piefed.social on 30 Apr 11:51 collapse

But when they did the same thing under Biden, it was “his fault”. Thanks Obama!