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[–]SoCo 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Oil companies struggled for years and had one good year, probably not even breaking even. It is a high risk industry, which requires huge investments, and the ability to ride out those investments for half-decade slumps at a time. During the last US administration, oil had a negative value. I'm not sure what it takes for people to understand the massive gravity of what that means...

It is an industry that keeps society from collapsing, keeps millions from freezing in the winter, dying from heat in the summer, and keeps us from depending on Russian oil, while ensuring our military can function.

Since Blunder-Biden wasted all of our National Emergency Stockpile selling it to South America for a quick buck to soften his pile of deficit overspending bills, then he began threatening our oil producers with legal attacks about profiting during World War 3, for not increasing oil production fast enough after being lambasted to end their oil production for alternatives, while we erased a decade and half of Obama's efforts to achieve energy independence in less than a year....

...We are going to desperately need those abused and battered domestic producers of energy for our nation's immediate survival.

[–]noshore4me 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

In what reality has BP "struggled for years" when they consistently have posted profits in the double-digit BILLIONS of dollars year after year? Source: https://www.macrotrends.net/stocks/charts/BP/bp/gross-profit

[–]SoCo 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Try their NET income, instead of their Gross income....They made back 1/5 this year, of they lost last year...

https://www.macrotrends.net/stocks/charts/BP/bp/net-income