Why Is the Oil Industry Booming? High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.

4 comments

1. Mostly high prices.

2. People keep giving them money when they fill up their cars

3. Economics. Return of Investment for Oil and Gas projects = 10-12%, ROI for Renewables = 8-10%

4. I’m so happy to sacrifice my future for them.