Why are electric and gas bills going up, but oil companies making record profits?

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I thought the reason they were increased is so we could get the same power with reduced supply?

However a fair few power companies are reaching ridiculously high record profits, which goes against the grain of that idea.

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18 Answers

Anonymous 0 Comments

Because capitalism. The oil companies will charge you as much as you will pay, and we have proven willing to pay a lot. They are not there to help you. They are exploiting the many crisis going on to pretend there is a reason for it, but in the end, it’s just capitalists doing what capitalists do.

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