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The Guardian - UK
The Guardian - UK
Environment
Damian Carrington

Big oil’s war profits may have a silver lining after all

A gas flare burns at an oil facility in a desert landscape at sunset, with mountains in the background.
A flare burns at an oil facility. Some analysts believe the latest fossil fuel boom could ultimately help speed the industry’s long-term decline. Photograph: Bloomberg/Getty

A friend of mine was recently left in tears after filling up the car she relies on to drive to work. Thanks to the US-Israeli attacks on Iran, prices at the pumps have soared. She wasn’t sure how her family was going to make it to the next paycheck.

It is a personal story and a distressing one, but the big picture is truly obscene. Fossil fuel companies are raking in monstrous, unearned war profits taken from the pockets of people like you, me, my friend, and any of us who fills up a vehicle or pays an energy bill.

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