Wait wait wait. You mean the oil industry made 59 billion dollars.
Saudi Armaco made around 1.8 TRILLION dollars last year. It cost them $11.50 to produce one barrel of oil. They make around 3.9 billion barrels per year. There roughly 45 billion in production costs.
Guys. The war with Iran was nothing more than an excuse to raise prices.
Wait wait wait. You mean the oil industry made 59 billion dollars.
Saudi Armaco made around 1.8 TRILLION dollars last year. It cost them $11.50 to produce one barrel of oil. They make around 3.9 billion barrels per year. There roughly 45 billion in production costs.
Guys. The war with Iran was nothing more than an excuse to raise prices.