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Cautious_Package_922 t1_j32zpru wrote

Reply to comment by Cosmoplasma in $450 checks to help Mainers with heating costs expected to be sent starting in mid-January by wheresmycaketester

Do you research, not just headlines. I'm no fan of big big oil for sure, but record profit is due to the record sales. Their profit margin is actually slimmer than it was 2 years ago

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[deleted] t1_j33mwyh wrote

Exon reported their highest earnings ever in 2022 & Shell their second highest

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Cautious_Package_922 t1_j33npei wrote

Due to higher volume. Hate all you want. I know I do too. But higher cost of production and transport is the bigger cause of high prices. Really I hate big oil. They outspent the opposition of cheap hydro electric from Canada. Big winner was not maybe, but big oil.

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[deleted] t1_j33otl4 wrote

Well yes because since the pandemic far more people are staying home and needing to use more oil. People don’t really have a choice. The more they gain the more we loose. Glad we can agree, fuck greedy oil companies

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MuForceShoelace t1_j370bfz wrote

Okay? and? It seems like you think you are saying something but you aren't actually. Who cares if they make big profits off a big or small margin? Why should they get a bail out for their margins going down if their profit doesn't even go down?

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Cautious_Package_922 t1_j371f3e wrote

So you are saying that since gas prices are high, even though their profit margin is slimmer than it was 2 years ago, and costs of production are higher, they should trim their profit margin slimmer just because demand is high? That goes against every logical business plan.

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