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Not only in the United States but in almost every country, high gas prices are hinting toward another energy crisis. And this is what makes us question about – why are the big oil companies not stepping in and taking control of the high gas prices?
Can they do so? Well, the answer is yes. But why aren’t they doing so? And why are they going bankrupt even if they can avoid it?
This is what we are going to talk about today in this video on – oil companies going bankrupt even with higher gas prices. This is something the oil companies can avoid and also can offer low-priced gas to consumers. But they are not doing so.

Oil Companies Going Bankrupt (Even With Higher Gas Prices)
0:00 Intro
0:47 Why Is this Happening
2:05 Russia Oil Piplines
2:33 Why Are Oil Companies Not Stepping In?
3:00 Oil Market Crash of 2020
3:58 Investors Not Investing In Oil Companies
5:50 Stock Buy Backs by Big Oil
6:05 $40 Billion Buy Back
6:40 Limit Supply To Prevent Another Crash
7:11 Reason For Bankruptcy
8:05 US needs to Increase Production Now