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- Hacker News
- It'll trickle down any day now, can't wait to win!by haunter
- Grotesque, but unsurprisingby LightBug1
- Hooray for their investors, I guess.by otterley
- Someone I know bought two electric cars earlier this year and is very, very happy.by java-man
- Hilariously, Trump will go down as the most significant POTUS in history for the transition away from oil.
Everyone in the world (except our very own kakistocracy) is scrambling to decouple from this energy source.
by estearum - Yeah I drive about 40 miles a day and pay about $20 per month. I would have had to pay $350/month or so with an equivalent gas vehicle.by dyauspitr
- > 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 - If you constrained the inputs of Apple or Nvidia then their sales and profits would tumble (just look at what happened to Apples stock price in the last week because of the memory chip shortage).
Off the top of my head I can’t think of another company or industry that would profit from a supply side shock the way the oil industry does.
by mr_toad - 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
- Hopefully oil prices stay high or go higher, helps clean tech and electrification accelerate. We are too lazy otherwise to transition off of fossil fuels faster.by toomuchtodo
- 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
- The whole point of this war is to make money on oil.
- https://www.macrotrends.net/stocks/charts/CVX/chevron/gross-...
doesnt seem like a very profitable company
by dominotw - This very article mentions windfall profits tax multiple times.by mwkaufma
- 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 - If they wanted to inflict pain on USA and bring about a regime change, they probably wouldn't have done that. Most likely, having the current admin in power is the best thing for China: shows them as a reliable trade partner, boosts solar and EV exports, etc.
- 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.
- They didn't fall for it, this is what they want. They don't want low prices, they don't want cheap gas, they want war. They don't care how much they have to pay to get it. They want death and blood.
Engaging with their false narrative doesn't do anything but reinforce it.
by ryanmcbride - I mean we can't ignore the other side running garbage candidates either. DNC leadership doesn't care as much about their opposition party winning as they care about not losing leadership of their own party. That would mean all the established party politicians would be at risk of losing their job, where as republicans winning means they only lose a handful of positions while bolstering their next campaign season so they can push in more party toadies. Plus they are completely out of touch with the average American which makes their campaign messages and stated policies weak.by AngryData
- Worst administration ever. Worst business leaders ever. I hope something can change.by bix6
- Depends on the political perspective. Has the US bet all on AI tech to retain its power? Yes. AI tech currently is very energy intensive. So energy infrastructure too needs money to expand. The "colonisation" of Venezuela has already secured the US one relatively cheap and secure source of energy. The Ukraine-Russia war, and now the Iranian war, allows the US to price gauge Europe on the gas it sells them ( https://www.politico.eu/article/vladimir-putin-war-europe-uk... ). The Iran war is also enriching the oil companies. If Iran can be colonised, another source can be secured for the US too. Or so the thinking goes ... (there are of course other political factors that these kind of energy politics helps the US).by thisislife2
- They're doing great if you're on the beneficiary side: oil companies, defense contractors, the Trump family, Israel, Qatar, Saudi Arabia, etc.
All that is at the expense of the rest of the economy. The sectors that are hit the hardest tend to be, with the exception of those above, the ones who voted (disproportionately) for these people.
... which is what you get with a narcissist. The people hurt the most by a narcissist tend to be those closest or those that support them.
by api - America is not on the path for greatness? Consider me surprised.by notyourwork
- Most corrupt administration. Hope all these guys do hard time.by tty456