Energy Industry News

Why Are Oil Companies Reporting Record Profits?

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

NBC 7 Responds looks at how California is trying to investigate this year's record-setting gas prices.

Doctors Say ‘Stay Home If Sick': How to Manage Sick Calls During Busy San Diego Flu Season

This year oil and gas companies, including the ones that refine gasoline in California, also reported record-breaking profits."When there's that high demand and supply is scarce, costs go up," said Slagle."You see that reflected in earnings." "The big oil companies sell both oil and gas," said Alan Gin, associate professor of economics at the University of San Diego.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A market mystery: Energy stocks are still riding high even as crude oil tumblesA market mystery: Energy stocks are still riding high even as crude oil tumbles. Here's the latest from BobPisani.
Source: CNBC - 🏆 12. / 72 Read more »