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BP profits more than double as Iran war sends oil prices higher (www.bbc.com)

submitted 2 weeks ago by veggibles@lemmy.wtf to c/world@quokk.au

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[–] errer@lemmy.world 22 points 2 weeks ago (1 children)

Funny how their prices always go up more than their costs. You would think competition in the market would make their margins smaller. The fact that it isn’t…oh my gosh guys, do you think these companies are maybe colluding?

[–] TownhouseGloryHole@lemmy.world 7 points 2 weeks ago

You mean like some sort of oil cartel?!

[–] MrSulu@lemmy.ml 15 points 2 weeks ago

Thank goodness! I'd been losing sleep that we were all in it together. Now reassured that these great big companies are raking in the profits.............. /s

[–] inari@piefed.zip 6 points 2 weeks ago (2 children)

Enjoy it while it lasts

[–] Mihies@programming.dev 12 points 2 weeks ago

I'm sure they are highly motivated making it last.

[–] nuko147@lemmy.world 4 points 2 weeks ago

Forever? Around 2000 price was 1€/L, after 15 years the mean price was 1,5€/L. The new norm will be 2€/L, they gonna push for it.

[–] tempest@lemmy.ca 4 points 2 weeks ago

BP, the company I think about when ever someone mentions carbon footprints.

[–] quick_snail@feddit.nl 1 points 2 weeks ago

Ban the sale of oil.