Why high oil prices are good for oil companies — until they aren’t

A pumping jack is visible at sunrise on Feb. 24, 2025, in Hobbs, New Mexico.

Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks.

(Image credit: Julio Cortez)

Source Author
Author: Source Author

Source: NPR.

Written by

Camila Domonoske

in

More posts