How a severe refinery shortage affects the cost of gasoline

He notes that Big Oil companies are making record profits at a time when gas prices are at their highest levels in history, harming normal Americans.

ExxonMobil was singled out by the president earlier this month, who claimed that it "earned more money than God this year."

Why do oil companies ever lose money if they control the price of oil

One thing is certain: oil prices remain over $100 per barrel. Oil firms will make a lot of money. However, there are many misunderstandings concerning the relationship between high oil prices and big profitability.

After years of studying both the public and our political leaders' r...

The United States Earns Profits Worth 174 billion Dollars from Oil Companies

The largest oil and gas companies in the US made a combined 174 billion dollars in profits in the first three quarters of 2021 as prices soared,

According to a report the oil and gas giants made a net income worth 74 billion dollars in the third quarter of the year alone. From January t...

CHINESE OIL MAJORS LIKELY TO BE DELISTED IN THE U.S.

Highlights

• China’s biggest offshore oil producer Cnooc Ltd. is likely to be delisted as it’s on the Pentagon's list of companies it says are owned or controlled by Chinese People’s Liberation Army (PLA)

• Steven Leung, executive director at UO...