US President Joe Biden and other Western leaders are in a terrible political bind, trying to pursue three conflicting agendas at once. They aim to curtail climate change by slashing the use of fossil fuels while also halting Russia's invasion of Ukraine, which has led to energy shortages that have fueled runaway inflation. That, in turn, has undermined political support at
(Bloomberg Opinion) I hope you’re sitting down for this news: Oil companies look set to make a lot of money. I know. But trust me, this year, it’s really a lot of money.
Six of the largest Western oil producers BP Plc, Chevron Corp., ConocoPhillips, Exxon Mobil Corp.