Oil bosses vow to boost output and deny profiteering

The bosses of some of the world's biggest energy firms vowed to increase production this year as they defended themselves from accusations of profiteering from the war in Ukraine.

They said their investments will raise output this year, but warned that staffing and supply issues stemming from the pandemic meant it is taking longer to start new production. The country is the world's second-largest exporter of crude oil, accounting for about 10% of global output. At the hearing, Democrats said oil firms were "lining their own pockets" as petrol prices have not fallen as rapidly as oil.

Would they say anything else

I buy when oil firms are buying back their shares. They're not disclosing all info. De facto insider trading😉 I'm not a profiteer and she’s not Putin’s daughter🤣

And blow the planet.

So, they had cut output and were profiteering then?

And of course we believe them. 🤔

Speculators haven’t helped either

Criminals usually deny theft

If not Petrol, Electricity prices will shoot up in Future, As World moves away from Fossil Fuel. Tough blanking act for any Govt.

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