One outcome is certain

 

Jeffrrey St. Clair:

Whatever the conflict, whoever the combatants, one outcome is certain: oil will win. Two months after Putin’s invasion of Ukraine, Russia’s oil exports have actually increased…

+ Chevron nearly quadrupled its profits from last year’s record earnings, reporting a $6.3 billion profit in the first quarter, up from $1.37 billion in the same quarter in 2021. Its revenues jumped to $54.37 billion from $32 billion last year. Exxon reported doubling quarterly earnings from a year ago, even after writing off $3.4 billion from abandoning its operations in Russia.