Debate Ammunition: Oil Company Profits

Debate Ammunition: Oil company profits

THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION Oil Company Profits and the Bank of England Funding the Future | August 2026 Topic Why the Bank of England risks making a catastrophic error by treating war-driven oil company profits as a sign of domestic inflationary pressure, and what MMT says should be done instead. The video that this Debate Ammunition supports is available here. The Core Argument Eight major oil companies made an estim…

Why soaring oil company profits and the Bank of England could push Britain into recession - Richard Murphy

Will rising oil prices push Britain into recession? And if they do, will the Bank of England make the situation even worse? In this video, I examine the extraordinary profits recently reported by the world’s largest oil companies following the conflict involving Iran.   While households and businesses face higher fuel costs, oil companies are making windfall gains.