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Drilling Big Oil: Networks Mentioned Profits 9X More When Prices Were High

Posted on 03 February 2016

When gas prices were high, the media pumped their shows with stories about profit. But when prices were low, those stories took a back seat.

In 2015, gas prices tumbled from a high of $2.80 in June to a low of $2 in December after a glut in supply flooded the market.  BP and Exxon reportedly lost billions in profit last year, and according to The Telegraph, oil prices crashed into 2016 with depths not seen since the housing crisis.