War & Militarism Truthout
While Americans Paid $148B Extra on Gas Amid War, Big Oil Made $130B in Profits
“All the excess cash we’re accumulating will ultimately be directed toward our owners,” one oil executive bragged.
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As Americans have been forced to shell out an extra $148 billion on gas and diesel in eight months of war on Iran, Big Oil has reaped record profits — with U.S. companies having made over $130 billion in profits, a new analysis finds. According to The New York Times, these profits were spread across 50 large U.S. oil and gas companies. Many of these companies, like Valero Energy…
Originally published byTruthout
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