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- Hacker News
- > Combined, the three companies raked in, on average, some $404 million in profits every day for the last three months.
Just for perspective, Nvidia's daily profits for the past quarter are $641 million. For Apple it's $327 million.
by patwolf - 31 Jul 2026 18:35:53 UTC
Gas Prices Soar While Big Oil Reaps $26.5B: Inside the 2026 Affordability Crisis
https://bluepressjournal.substack.com/p/gas-prices-soar-whil...
https://news.ycombinator.com/item?id=49126976
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- They can go even higher if we make more warby seydor
- When oil prices spike, where does the money go?: https://theconversation.com/when-oil-prices-spike-where-does...
The immediate effect is more income from higher prices. The money largely goes to company owners – meaning shareholders – through dividends, debt reduction, company-backed purchases of its own stock, and reinvestment in drilling and production.
- Why don't I hear anyone mentioning "Windfall profits tax" Are oil companies immune from legislation under the current administration?by BatFastard
- And it would be worse if China didn't take extraordinary actions to cut its oil consumption by 40% yoy - back to the level of consumption from 19 years ago:
https://www.axios.com/2026/07/30/china-oil-price-iran-power
If they can't sustain that level, or decide to stop taking action, the level of pain is going to be immense.
by Arodex - US voters chose to reduce their taxes by a margin they won't notice in exchange for increasing their energy prices by an amount they will absolutely notice.
The wild thing is that this is an extremely predictable thing that has happened every time this political party is given control of the military. The chutzpah of claiming to be anti-war is breathtaking, and it's stunning that voters fell for it.
- Worst administration ever. Worst business leaders ever. I hope something can change.by bix6