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SMG329 t1_itzcork wrote

And yet, Shell just posted record profits that will result in higher dividend payments for stockholders.... Right a crisis that makes the rich richer?

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Energer_Z t1_itzwos9 wrote

Literally the only crisis that doesn't make the rich richer is a crisis that specifically targets the rich, ie economic-oriented revolutions. Until you take a knife to the pig it's only going to get fatter.

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The_Yarichin_Bitch t1_iu2yffm wrote

It's why I don't get the anger at the 'quiet quitting'- it's a common start to work revolutions lmao.

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Nice_Category t1_iu0arem wrote

Energy and oil are commodities, when there is a shortage then price increases and those who produce it make more money. Nothing even remotely weird or sinister about it.

If there was, say, an iron shortage, you'd see iron mining companies posting record profits, too. That's how commodities work.

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KJBenson t1_iu3mijt wrote

It’s not like it matters.

If they were losing money they’d just tell their politicians to pay them a bunch of money and still be solvent.

Or they would just fire the cattle so the executives still saw gains.

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litefoot t1_iu3qxhs wrote

Here’s the thing about that: they see the writing on the wall.

That’s why fuel prices are going up. They are not increasing production because they know they’re running out, so they’re trying to make money while they can. This is also why they all invest in solar and wind energy.

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Danne660 t1_iu0paaq wrote

No, every business that uses oil makes less money from this.

Do you think rich people are only in the oil industry and nothing else?

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APigNamedLucy t1_iu1ahjn wrote

It's the only industry in existence in the history of the world, yes.

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