re: Shell oil reports record profit

I hate that these gotcha headlines that come out to make people pissed off at "O&G evil corporations" and to give Biden a pass on his handling of oil permitting and CV shutdowns.

quote:

---

At the end of 2021, BP, Exxon Mobil, Shell, and Chevron all reported the highest profits they’ve seen since 2014, and every single company attributed those record profits to surging oil prices as post-pandemic demand increased and supply had not yet met that demand.

---

LINK

Their profits were a supply and demand issue. That shortage of supply was created by shutdowns from the stupid arse Biden administration but people buy the lies that Biden is feeding everyone blaming high prices on everything on corporate greed and not due to printing money while also artificially creating goods shortages.

Why did every company in every industry all of a sudden get greedy under Biden? Coincidence? Conspiracy?