I have no special love for big oil, but for a decade G7 governments have worked on limiting the production and transportation of oil (look at pipeline projects in Canada and USA for example). Each oil extraction operation requires tens of millions of dollars to start and run with a closing window of time to recoup the investment.
On the other side, we have people yelling foul due to "record profits" I mean, yeah, nominally they are higher but they are not outpacing the inflation.
Also, it's easy to forget that when you pay $2.30 cents per liter here in Canada, literally 50% of that is various government taxes (provincial and federal) so when the state basically controls extraction, transportation and to a large extent pricing at the gas station - it's a little bit too convenient to blame the oil companies.
On the other side, we have people yelling foul due to "record profits" I mean, yeah, nominally they are higher but they are not outpacing the inflation.
Also, it's easy to forget that when you pay $2.30 cents per liter here in Canada, literally 50% of that is various government taxes (provincial and federal) so when the state basically controls extraction, transportation and to a large extent pricing at the gas station - it's a little bit too convenient to blame the oil companies.