The Forum > General Discussion > Big Oil posts profit of US $4.5 million per hour
Big Oil posts profit of US $4.5 million per hour
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A strategy the oil cartels use in conjunction with the government is to raise petrol prices as a devious means of cutting wages. As all foods and goods have transportation costs and therefor use petrol they will be dearer and the spending power of wages will be diminished. This strategy realy starts to kick in when there have been many petrol price hikes and no genuine wage rises for many years. Fifty percent of the world now exist on $2 a day. The governments say why shouldn't that exist for workers in Australia?