propman
Stockholders will verify this as well as csuite execs.
If pols try to control prices,
Everything has a cost in oil. When oil prices increase the price of many ( even most ) things can be impacted . Petroleum products are the main fuel for cars, trucks, trains and planes so doesn't matter if it's your daily starbucks coffee or the toothbrush you use the cost is impacted by the price of oil. Of course there are many businesses that try to absorb the price especially if they are in a highly competitive market. Petrochems are used in many packaging materials, and to make the electronics in your computers and phones and the clothes you wear, even in the food you eat.
farming apparently uses the most oil products in fertilizers and pesticides. Estimates are that almost 300 gallons of oil are needed to bring one cow to full grown.
A simple strategy that can help to try and offset the impact of oil stimulated inflation is to invest in a basket of oil stocks. Now is a good time as producers are making money hand over fist, paying down debt and returning capital to shareholders via share buybacks and dividends. Investing in grocery company stocks also makes sense. The only stocks I held during the pandemic were 2 of our main grocery stocks. Ride the gravy train ....