~ Is Big Oil guilty of war profiteering?
Consider a few facts:
- Oil companies have been making enormous profits for years (thanks in part to public subsidies.)
- Some of those profits are due to speculation on the future price of oil, which they partly control.
- Oil production is up, demand is down, but prices continue to rise.
- We are constantly reminded that we are at war, not just in Afghanistan, but in a global "war on terror" so serious and existentially threatening that it supposedly justifies the curtailment of our civil rights.
If this is not war profiteering, how should that term be defined?