High oil prices not a reason to boost profits
March 24, 2022
No, this column is not directed at oil producers. They are not the guilty party in this tale of cost escalation.
Nor is this column about the many businesses around the world stressed by energy prices that have shot up faster and higher than fireworks on the Fourth of July.
As crude oil has jumped, surged and spiked from just over $65 a barrel on Dec. 1 to painfully over $100 a barrel this month, consumers have been paying more at the pump — whether the corner gas station for a dozen or more gallons to fill up a car or pickup, a couple hundred gallons of diesel at the freight depot to fil...