But if prices don't go up, the profits won't increase! Why doesn't anybody think of the poor shareholders, trying to barely eke out an income from their holdings?
You'd like to think that oil is going out of style. It's not. All of the focus is currently on the automotive sector.
I will first say that despite commitments and developments in the right direction from the industry, the commitment to gas and diesel extends a minimum of another decade. It's a combination of slow-walking changes and taking advantage of lack of replacements for current sectors of transportation, most notably being long-distance transportation.
And that's not to mention all of the other industries that use petroleum or derivatives thereof.
I wish I could agree that oil is going out of style, but it's not. There is ongoing work to offer alternatives, but oil is going to ride strong until the end. Then it'll be someone else's problem. Just like everything else.
Potentially unpopular opinion: This analogy implies that the impoverished are a threat to politicians and rich people, yet sadly I feel like today's society will/would never fight back. We have a major apathy problem among younger millennials and younger gens I've noticed.
It doesn’t matter if the opinion is popular or not, because it is simply untrue.
“According to the Census Bureau, voter turnout in the off-year 2018 election was the highest in four decades. Driving that record engagement in part was a near-doubling in participation from voters aged 18-29. Voting among this cohort increased by 79 percent, with younger voters responsible for 36 percent of votes cast (up from 20 percent in the previous election).”
“Members of Gen Z are more racially and ethnically diverse than any previous generation, and they are on track to be the most well-educated generation yet.”
“ Millennials are more racially diverse, more tuned in to the power of networks and systems and more socially progressive than either Gen X or baby boomers on nearly every available metric. They tend to favor government-run health care, student debt relief, marijuana legalization and criminal-justice reform, and they demand urgent government action on climate change.”
They still have to pay way more than the others, a tax cut just means they dont have to pay as much more as before, still more (percantage-wise even) than you and me.