Do you think they're colluding? Or just responding to market incentives? * Archived Message Posted by doubledown on June 3, 2022, 9:32:01, in reply to "The other part of that equation is supply. These companies are happy to keep supply the same so they" Previous Message can rake in record profits to make up for the lack of record profits during a 2 year pandemic when demand was low. Message Thread: | This response ↓ Who could have ever seen this coming??? Top 5 oil companies tripled their profit in 1Q2022 - GrandmotherPearlsJam June 3, 2022, 9:05:04 There's almost a cut and paste example from WW2 but no one's smart enough to... - LeatherneckIllini June 3, 2022, 11:10:23 Maybe we shouldn't give these #### faces $6T in subisdies* - longsnapper June 3, 2022, 10:03:22 It’s kind of a self fulfilling prophecy - snipes824 June 3, 2022, 10:13:53 it's a multi-faceted problem - VIV June 3, 2022, 9:55:24 Don’t tell that to anyone on the right - TarheelIllini June 3, 2022, 10:18:20 don't tell it to anybody, really. people want to assess blame somewhere and it's not that easy* - VIV June 3, 2022, 10:21:28 yeah, every major politician is in bed with the oil companies.* - longsnapper June 3, 2022, 10:24:38 what a fun, sexy time for them?* - ATL June 3, 2022, 10:35:38 It’s the same thing across any industry pretty much - snipes824 June 3, 2022, 9:39:24 Yeah, they didn't spend any more money producing while demand went up. - doubledown June 3, 2022, 9:12:35 If only there was something that could be done about it... - longsnapper June 3, 2022, 9:12:21 The bill didn't even comment on these top 5 oil companies - OrangeSox June 3, 2022, 9:22:08 Of note - that picture shows four SUVs and one sedan at the gas station.* - ghost_of_clt June 3, 2022, 9:09:14 At least they're smart enough to buy it from Costco!* - ATL June 3, 2022, 9:12:24 hopefully using the Costco Visa too!* - Dilbert June 3, 2022, 9:20:08 4%!* - ATL June 3, 2022, 9:47:14 how dare they!* - Dilbert June 3, 2022, 9:09:06 I'm not saying their not allowed to make profits, but gas prices in Charlotte right now are $4.40 - GrandmotherPearlsJam June 3, 2022, 9:17:09 $4.49 in raleigh* - TarheelIllini June 3, 2022, 9:28:48 It's a commodity. The people screwing over the vehicle driving public, - doubledown June 3, 2022, 9:21:13 The other part of that equation is supply. These companies are happy to keep supply the same so they - GrandmotherPearlsJam June 3, 2022, 9:27:09 "biblical losses"* - torinese June 3, 2022, 14:30:27 it's unfortunately not like a faucet where you can turn it on and off - VIV June 3, 2022, 9:58:36 Do you think they're colluding? Or just responding to market incentives? * - doubledown June 3, 2022, 9:32:01 They have a long history of collusion, so I expect they are colluding. - larue33 June 3, 2022, 10:22:49 but I mean nothing to her and I don't know why...* - longsnapper June 3, 2022, 10:24:02 Nice vertical horizon reference * - TarheelIllini June 3, 2022, 14:55:12 I think they know that we as a society can't get away from driving cars and are taking advantage of - GrandmotherPearlsJam June 3, 2022, 9:42:20 if people just let me run the world, we'd be free from our fossil fuel shackles* - longsnapper June 3, 2022, 10:04:09 Deere reports huge profits! Also announces move of production to Mexico - gvibes June 3, 2022, 9:31:21 But that's not fair!* - ghost_of_clt June 3, 2022, 9:25:01 today is not Q1 fyi* - Dilbert June 3, 2022, 9:19:48 Way to miss the point* - GrandmotherPearlsJam June 3, 2022, 9:23:52 did I though?* - Dilbert June 3, 2022, 9:27:15 yes* - suburbanmyth June 3, 2022, 9:28:59 explain the timing difference to me then - Dilbert June 3, 2022, 9:32:22   Searching