BP profits more than double, beating expectations as Iran war boosts oil prices
The first key point kills me:
BP on Tuesday reported stronger-than-expected first-quarter earnings, citing “exceptional” oil trading contributions.
“Exceptional” indeed. We’ve already had the Great Recession. I’m calling this period, starting from maybe 2023 to now, ”The Great Squeeze”. The amount of forces squeezing the poor and middle classes and transferring wealth upwards are what is truly “exceptional”.