Today’s oil profits aren’t price gouging — but Big Oil needs an ultimatum: Reinvest or pay consumers

Today’s surge in oil company profits amid the Iran-driven energy shock has understandably generated accusations of profiteering and price gouging. I spent the first half of my career in the oil industry, so I recognize my own industry sympathies. I am also a committed free-market capitalist. But I have a gut-level discomfort with the juxtaposition […]

≈