War Profiteers: The Oil Industry's Lucrative 'Bonus' on Human Suffering The latest earnings reports from BP and other major oil companies have highlighted a stark reality: the industry is reaping massive profits from the ongoing conflict in the Middle East.
BP's second quarter profit more than doubled to $5. 73 billion, surpassing its previous bests. This windfall can be attributed to the increasing price of crude, which has been driven up by the war in the Middle East.
However, this is not a new phenomenon for oil companies. They have long exploited global conflicts to reap massive profits at the expense of ordinary people.