Re: Maths
BP post profit of £9billion in second quarter - "it's terrible, tax then into oblivion."
BP post loss of £20 billion in first quarter...silence.
Governments around the world effectively shut the world down for 2 years because of COVID, creating a massive reduction in the demand for oil and gas.
That close down has ended, and so demand has rebounded rapidly, creating a high demand.
Putin ordered the invasion of Ukraine, 'the west' responded with sanctions, so Putin cut off the gas. that reduced supply.
There's a fair bit more to it than that, but fundamentally, demand has increased, supply has fallen, and so prices have gone up.
Solve this problem by reducing demand, or increasing supply.
By fracking, for example.
But we can't do that, because the environmentalists insist we mustn't.
Biting the hand that feeds IT
