something something generated lot of value for shareholders
this post was submitted on 18 Sep 2023
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People lose their minds in the US when gas was above 5 dollars a gallon. Nothing to do with shareholders but you and me wanting our cheap prices and products.
Actually, as of right now gas would be $4.90 average because of oil prices if it werent for the ~20% gas subsidy the government has in place. A barrel of oil makes ~19 gallons of gas and is ~$94/barrel. So $94/19 = $4.947 rounded up to $4.95.
What subsidies are on gas? I never seen that. Even worse if true.
I am honestly not sure as i havent looked, but it should be ~20% higher than it is. I doubt gas stations are selling it at a 20% loss.
Until the ruling class gets hit where it hurts, their wallets, nothing will be done.
This is the best summary I could come up with:
From Europe to Africa to southeast Asia, tens of thousands of climate activists launched protests Friday to call for an end to the burning of planet-warming fossil fuels as the globe suffers dramatic weather extremes and record-breaking heat, with plans to continue through the weekend.
The protests — driven by several mostly youth-led, local and global climate groups and organizations, including Greta Thunberg’s Fridays for Future movement — were taking place in dozens of countries and hundreds of cities worldwide.
And in Congo, dozens joined a protest march through the city of Goma, shouting slogans and waving banners and placards calling for an end to corporate control of fossil fuels.
The Congo Basin forest absorbs 1.5 billion tons of carbon dioxide — about 4% of global emissions — some of which would be released into the atmosphere if the areas are cleared for oil and gas drilling.
Dozens of extreme weather events — from Hurricane Idalia in the southeastern United States to torrential flooding in Delhi in India — are believed to have been made worse by human-caused climate change.
Associated Press journalists David Keyton in Stockholm, Aaron Favila in Quezon City, Philippines, Philipp Jenne in Vienna, Justin Kabumba in Goma, Congo, and Achmad Ibrahim in Jakarta contributed.
The original article contains 745 words, the summary contains 208 words. Saved 72%. I'm a bot and I'm open source!
These dummies know the signs theyre holding are an oil based product right????