How Not to Fight Inflation

Re:How Not to Fight Inflation by gruez on Saturday July 16, 2022 @10:51AM (#32118712)

>Fossil fuel corporations like Exxon and Chevron have seen about a 40% spike in share value since December 2021, and trying to blame it all on the war in Ukraine doesn't make a ton of sense

Why doesn't it make sense? Did oil companies suddenly get more greedy? Did some favorable legislation get enacted?

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Re:How Not to Fight Inflation by muro on Saturday July 16, 2022 @11:21AM (#32118990)

In Europe, they did get more greedy. There has been some noise about legislating them, but so far nothing has happened.

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Re:How Not to Fight Inflation by throwaway_4ever on Saturday July 16, 2022 @12:48PM (#32119756)

The only reason oil companies share prices are up is because before they sold X million barrels of oil a year at Y price, and now they still sell X barrels at Y * 1.4 price. Oil is a free market, if you tell them they shouldn't be "greedy" and keep selling it at Y price, someone else just comes along immediately buying at Y and selling at Y * 1.4, pocketing the arbitrage and your oil is still just as expensive.

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Re:How Not to Fight Inflation by muro on Sunday July 17, 2022 @12:27PM (#32128228)

This is about the price difference between oil as commodity and petrol at the gas station.

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