Six of #Europe’s largest #oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year.

“There are constituencies around the world who are having a very good crisis, & the oil producers are one of them,” said Patrick Galey, #FossilFuels lead at Global Witness, a nonprofit organization that investigates environmental issues.

#BigOil #WarProfiteering #ClimateChange #TrumpsWar #IranWar #US #Iran #Trump #economy #inflation #CostOfLiving #EnergyCrisis

#ExxonMobil on Friday reported that its second quarter profits doubled to $14.53 billion, boosted by record #diesel production. The #oil giant, based in Spring, Texas, brought in $116.02 billion in revenue, up 42%.

#Chevron, based in Houston, nearly quadrupled its profits to $12.07 billion & revenue jumped 56% to $70.06 billion.

#BigOil #WarProfiteering #FossilFuels #ClimateChange #TrumpsWar #IranWar #US #Iran #Trump #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis

Major #oil companies reap massive #profits as #US & #Iran #war drives #energy prices higher

US oil & #gas giants raked in massive spring profits while fighting between Iran & the US impeded #petroleum shipments & consumers around the world paid more for fuel & confronted shortages.

#BigOil #WarProfiteering #FossilFuels #ClimateChange #ClimateCrisis #TrumpsWar #IranWar #Trump #law #Congress #WarPowers #economy #inflation #affordability #CostOfLiving #EnergyCrisis
https://apnews.com/article/oil-companies-profits-exxon-chevron-9375fbf8f6f40426f7428e07d54000c7

The #US #economy slowed in the second quarter of the year, expanding at an annual rate of 1.5% as #Trump’s #war in #Iran upended #prices, #SupplyChains & #energy markets.

#idiocracy #kakistocracy #TrumpsWar #IranWar #ForeverWars #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #affordability #CostOfLiving #oil #EnergyCrisis
https://www.nytimes.com/2026/07/30/business/economy/us-economy-gdp-growth.html?unlocked_article_code=1.1lA.BOgu.hXySAZovz5tO&smid=nytcore-ios-share

#Inflation has been stuck above the #CentralBank’s 2% target for >5 years. The #IranWar has generated uncertainty over the #economy’s outlook & has driven #energy prices higher, intensifying inflationary pressure & creating a quandary for #Fed policymakers.…

New #Fed Chair #KevinWarsh has declared that he has “no tolerance” for elevated inflation. He was appointed by #Trump, who has put intense pressure on the Fed to cut rates.

#law #Congress #WarPowers #affordability #CostOfLiving #oil

The #FederalReserve left #InterestRates unchanged with Trump’s new man at the helm. But growing internal pressure to ease #inflation & high #energy costs could not be ignored.

Any other #Fed would have increased the rates.

#Trump #economy #law #Congress #WarPowers #affordability #CostOfLiving #oil #EnergyCrisis
https://apnews.com/article/federal-reserve-inflation-interest-rates-iran-war-ad10c177cb8d96f9e3ed122e12352a74

The #Pentagon now reports over 600 #casualties in Trump’s #IranWar. Officials quietly added over 140 wounded & restored 4 killed to database.

#TrumpsWar #US #Iran #war #ForeverWars #Trump #WarCrimes #RegimeChange #RulesOfWar #InternationalLaw #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.cnn.com/2026/07/26/politics/iran-war-casualties?cid=ios_app

The #Pentagon now reports over 600 #casualties in Trump’s #IranWar. Officials quietly added over 140 wounded & restored 4 killed to database.

#TrumpsWar #US #Iran #war #ForeverWars #Trump #WarCrimes #RegimeChange #RulesOfWar #InternationalLaw #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.cnn.com/2026/07/26/politics/iran-war-casualties?cid=ios_app