
Is Putin winning?
The David McWilliams Podcast
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Oil Prices Rise, Oil Companies Are Making a Fortune, Right?
Oil companies extracting huge and huge amounts of profits. As oil prices rise, there's basey, two or three places that can go. Can go into wages, or it can go into profits. And what you seem is that the oil companies and their shareholders are making a fortune as in ation rises. The energy consumers who are getting both inflation and a reduction in real incomes, as inflation of roads incomes. If we have inflation, then we've got to have a recession to bear down an inflation. But what recessions always do is they always, always bias themselves against the working man. Cause it's the working man h loses his job in a recession, the main righter.
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