will oil selling companies benefit from high oil prices? Who will benefit from high oil prices? ?
petroleum retailers and refiners and making record profits. Petroleum producing countries are well in the plus side in terms of balance of payments. Consumer countries are hurting. Consumer people are hurting. Nitwit auto companies who went heavy into SUVs are really hurting. Who will benefit from high oil prices? ?
';Oil selling companies'; hold only a fraction of known oil reserves and oil production. The vast majority of oil reserves and productions come from state owned companies - that is, companies owned by a nation.
Broadly speaking, countries that are net exporters of oil will benefit from higher oil prices.
Yes, if you think that the highest profit ever reported by any company was $40.6 billion, thanks to surging oil prices. The company鈥檚 sales, more than $404 billion, exceeded the gross domestic product of 120 countries. Exxon Mobil.
the Arabs benefit from high oil prices
homeless shelters, maybe?
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