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Grace Blakeley
@graceblakeley.substack.com

Global oil inventories are falling by 80 million barrels per week. JP Morgan has warned that prices could spike to $150 per barrel. Meanwhile, BP's profits have doubled. And it's effective tax rate has fallen. open.substack.com/pub/gracebla...

open.substack.comThink oil prices are coming down? Think againThe disruption caused by this war is going to continue long after the fighting ends – and the oil companies are going to keep making billions.

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Jeanette
@jmgh.bsky.social

I clearly am not understanding the economics here- raising the prices to cover increase cost of oil but wind up doubling the oil company profit? Seems like the shady side of supply and demand but I’m just the average person giving my grocery money to oil companies.