The oil and gas industry is making huge profits.

[Uncle Joe]

Link to tweet

[onecaliberal]

1. California is paying over 5 dollars a gallon in the cheapest areas and as much as over 7 dollars

a gallon in the northern and southern parts of the state. Last time oil was at this price we were under 4 dollars a gallon. Something is going on, that's for damn sure.

[underpants]

2. You didn't really think food and oil was going to let YOU keep all that 2020 money of THEIRS

in YOUR pocket now did you?

I’ve dropped that line a couple of times and people nod and get it.

[RANDYWILDMAN]

11. DAMN, so right

most companies that could not profit off the pandemic are profiting now


Disaster capitalism or shock doctrine

[progressoid]

3. That's the message that nobody hears in middle America.

Hell, in most of America.

[gratuitous]

4. On the local media sites, I drop some information on inflation stories

When people are complaining about high pump prices and trying to blame President Biden, I'll post a link to any of about a hundred stories detailing the quarterly profits being posted by the big oil companies. "Gee, do you think this might have anything to do with $5 gas? Be sure you're mad at the right people."

[progressoid]

7. Yep.

But according the the right wing echo chamber, it all would be fine if we had Keystone XL.

Somehow energy independence means more Canadian tar sands oil.

[Uncle Joe]

5. That's the corporate media's favorite narrative

It's all about dumbing down the people with simplistic bullsh*t.

If the people are continuously kept in the shallow end of the pool, they never learn to swim and it becomes easier to manipulate us with fear of drowning while the less than 1% laugh all the way to the bank.

[progressoid]

6. Corporate media doesn't dare bite the hand that feeds them.

[Uncle Joe]

8. Major shareholders and dominant commercial buyers.

[GreenWave]

9. -GOP business buddies sabotaging the economy.

[czarjak]

10. More for me. Fuck thee. Republicanism.

[Hekate]

12. California is paying $2.50 more per gallon than anywhere else in the nation.I think Big Oil hates us

The governor is calling a special session of the legislature. I am not sure what they can do, but I wait with bated breath.

[walkingman]

13. It is all part of the long held beliefs of the GOP that was pushed by Karl Marx.

Marx believed that capitalists use religion to justify their mode of production and accumulation of wealth at the expense of workers.

For the very same reason when given the choice of choosing between people vs corporations most Americans will choose the corporation believing they are the good guys because they provide jobs.

In a word.....FASCISM.

[Bettie]

14. And their margins are higher than they have been

since the 1950's.

That's not the increased cost of doing business, that's just gouging. Greed.

And they can do it because there is no real competition in any industry these days, thus no reason to sell for less. Just vacuum the money up to the top and make sure it goes through as few hands as possible before it gets there.