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submitted 1 year ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml
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[-] Zippy@lemmy.world 2 points 1 year ago

Ya right. When has prices went over 5 dollars a gallon in the US, people there list their minds. God forbid we should drive a bit less or consume less.

This is a consumer problem not big oil. The second biggest company in the world by revenue and by far the largest by profit is Saudi Aramco. And why are they so big and countries like Russia are energy giants? Because we are tax and regulated our oil companies significantly more while increasing our consumption. Instead of buying locally, we are now buying from countries like Russia and Saudia Arabia. Look how that is working out.

this post was submitted on 16 Jul 2023
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