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n3m37h , in Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%

How? Esp when gas at the pumps is still a all time high?

mo_ztt ,
@mo_ztt@lemmy.world avatar

It’s not though

The relative drop in oil prices is, exactly, the reason. In general, oil companies’ profits are spiking up because the ground is running out of oil, so instead of reinvesting in refineries and extraction equipment, they’re able to just keep all the money. I heard it referred to as “the party at the end of the world” - basically that’s why their profits are sky-high compared with what they’ve been historically. On top of that, last year, they had the luxury of super-spiking oil prices as well, but the oil prices have gone back down, so their profits have shrunk back to being merely conventionally obscene.

Buelldozer ,
@Buelldozer@lemmy.world avatar

Average price of gasoline in the US in July of 2019 was about 2.80 per gallon. In July of 2023 it was about 3.60 per gallon. This is about a 27% difference.

Based on official us inflation rates (CPI) in 2020, 2021, 2023, but only through march of 2023 the price would be 3.40 per gallon. That isn’t that far off, especially when my calculation is missing inflation data for 4 full months.

tl;dr This is what inflation does to a mf’er. $3.70 to 3.80 is almost certainly the new normal, it won’t be going down unless the US economy experiences deflation.

dreadedsemi , in Biden to keep US Space Command in Colorado, reversing Trump decision

Guess we won’t go into our sister planet.

toothpaste_sandwich , in Africa and Russia relations increase as war continues with no end insite

Yes, Russia trying to annex Ukraine is far from imperialistic, of course.

MostlyBirds ,
@MostlyBirds@lemmy.world avatar

But didn’t you know? Imperialism against European countries doesn’t count.

jimmydoreisalefty OP , in Changes happening in Africa after the Russia-Africian Summit meeting

Non-twitterers link:

Took a while to load…

archive.today/…/1686316505602875392?s=20

bernieecclestoned , in Africa and Russia relations increase as war continues with no end insite

Ok, good luck with that!

Yepthatsme , in Biden to keep US Space Command in Colorado, reversing Trump decision

I was stationed at Redstone Arsenal in Alabama and that place has a crack problem. The old boys and soldiers smoke that shit. It’s crazy.

MsPenguinette ,

Maybe crack is the secret ingredient for The Dome.

For the unititiated, there is a conspiracy theory is that Redstone has a weather control program called the dome and the explosions are them doing their thing to make sure severe weather always misses the arsenal.

InverseParallax ,

See, I don’t believe you.

If you’d said meth or oxy I would have no doubt.

Treczoks , in Fulton County D.A. receives racist threats as charging decision against Trump looms

Aren't there any laws in the US that threats against a government official are a crime or felony? Make the police earn their pay and send them after the culprits.

JonVonBasslake ,
@JonVonBasslake@lemmy.world avatar

As if the cops weren’t either among these assholes or at least on their side.

Thortallmon ,

Especially in Georgia

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Not that this would necessarily make a difference, but I would think threatening a public official would be an FBI matter.

Treczoks ,

That is a problem that should not exist in the first place. But it's America, so one has to deal with it. Maybe it will be necessary to get the professionals in, especially if the crime can be assumed to be crossing state lines in a way.

sylver_dragon ,

Yes. And it’s likely that the police and/or FBI are investigating. But, this isn’t a TV show. Investigations take time and there is no magic that let’s the police discover the sender withinthe first 40 minutes to allow another 10 for an overly dramatic court room examination.

Real life is messy, and it’s quite possible that there just isn’t enough evidence to locate the sender. Let alone actually prosecute them. Most crimes in the US have really low closure rates. Honestly, I’d be surprised if they mange to locate the sender.

Treczoks ,

I'm well aware that they won't catch all, or anyone in the short time frame. But whoever they take off the road is an improvement for society. Even if it takes months.

Granite , in Heaviest rain in a decade kills 11 in Beijing as raging torrents wash away roads and cars

I wonder how high the number actually is if the official toll is 11.

Duder167 , in Biden to keep US Space Command in Colorado, reversing Trump decision

“THOSE DEMOCRATS WEAPONIZING GUBBERMENT” -Alabama

Treczoks , in Oklahoma parents, faith leaders and education group sue to stop US’s first public religious school

While this might have severe issues with separation of state and church, those people probably are against the idea that someone might teach an unbiased, analytical approach to religion as such...

PunnyName ,

What?

TenderfootGungi , in Los Angeles may have more homeless people due to renters being kicked out

Cheap houses make perfect AirBnB’s.

wahming ,

The article is about unpaid rent from the covid era. You can only make the landlords take on the debt for so long before larger financial repercussions occur. The right solution would have been for the state to take it on, but that would require *gasp* socialism

ThrowawayPermanente ,

Directions unclear, kulaks liquidated

SpamCamel ,

Communities in California could also just let people build more housing, but God forbid the poors move into my neighborhood.

elbowdrop , in Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%

I’m sure they will somehow screw the average citizen to make up the money, or complain to the government.

baldingpudenda , in Elon Musk’s X Sues Nonprofit That Accused It of Allowing Hate Speech

I hope some big firm takes up the nonprofit just to be able to counter sue for payment. It’s a research firm. Detailed and thorough is literally their jobs.

lagomorphlecture , in Withering heat is more common, but getting AC is still a struggle in public housing

The actual AC issue aside, I feel that this is a good argument for some urban redevelopment to plant more area/climate appropriate trees. It would provide shade and provide some offset for the CO2 emissions. Getting shade between the sun and the buildings would help make the heat more tolerable and getting some shade over the roadways and parking lots would help decrease urban heat bubble effects.

BonesOfTheMoon , in Withering heat is more common, but getting AC is still a struggle in public housing

It should be mandatory in every building. Landlords should be on the hook for it, they get away with such murder.

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