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HariSeldon

(535 posts)
12. I think the economic equilibrium for oil moved
Sat Jun 11, 2022, 11:12 AM
Jun 2022

Due to the amount of oil Russia was supplying to to world, their actions with respect to Ukraine were bound to raise oil prices.

Sadly -- from my standpoint, given the difference in politics I have from those of the oil companies -- that puts additional profit in the oil companies' coffers.

I wish our country had been foresighted enough to enact windfall profit taxes, so that the extra money paid for gasoline would go to benefit the poorest in our nation, rather than to the rich oil companies. The oil companies should at least create some kind of voucher program to assist the working poor who are barely scraping by and now have to pay more for gasoline and to retirees on skimpy fixed incomes.

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