Text excerpt from NYT article linked in second skeet saying: “Most of the profits are flowing to the very affluent Americans, who are not subject to this cost-of-living crisis anyway because they’re so rich. They’re getting richer, and everyone else is dealing with inflation,” said Gregor Semieniuk, associate professor of University of Massachusetts Amherst who led the study.
The United Kingdom responded to fossil fuel companies’ bumper year by adding a windfall tax designed to capture some of the excess profits and use the money to ease the burden on households facing higher bills.
Semieniuk’s team calculated what would have happened if the U.S. government redistributed the portion of the fossil fuel industry’s 2022 profits that exceeded its 2021 returns. They found that the move would send $1,715 to every American household, which, they argued, could have helped ease the burden of inflation on lower-income households.
Text excerpt from the FT article in the second skeet saying:
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://help.ft.com/faq/gifting-and-sharing-an-article/what-is-a-gift-article/.
https://www.ft.com/content/43fe2f44-d3ea-45c9-a641-e6f0e68949af?accessToken=zwAAAZy4l4RPkc9D_i9E0-pFydOmQebw5olJrw.MEUCIH4nsXTramXEOh6tWM6n9rrMqI0FnMfHQsz7tU0HufXAAiEAx8x5MmOYujURIqdhdxGDYHysYSEB2eVuSpM9n1iDuhA&segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&shareType=enterprise&shareId=a96149bb-d68a-4bc5-b023-2174a60fd9c5
Research on the oil and gas crisis sparked by Russia’s invasion of Ukraine in 2022 showed that the gains of the boon on energy producers were not equally shared.
The wealthiest 1 per cent of the US population eventually received more than 50 per cent of energy companies’ windfall from that particular surge in prices, according to a paper published in September 2025.
“If anything [the US has] become a more powerful exporter and producer of fossil fuels since 2022. And of course, their oil majors are active globally. So I think [US shareholders] are poised to take advantage even more [now],” said Gregor Semieniuk, a professor at the University of Massachusetts who was one of the authors of the research. “Wealth distributions don’t change overnight.”
Who stands to profit as energy prices are rising due to the escalating war in the Middle East? NYT and FT quoting our research on the 2022 energy crisis! Spoiler: in the West it's mainly affluent shareholders.
High time to dust off the discussions on excess profit taxes & strategic price controls.
04.03.2026 11:36
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Not including this person's handle because I don't want to start a big pile-on but there is such a deep media literacy problem on the left. "The New York Times" is not "supporting" any of the things linked; individual writers on their *opinion* pages are making the case for these positions.
02.03.2026 02:00
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Oil Prices Jump 10% After Iran Attack, Pointing to Economic Risks
Oil prices rise 10% as markets open, underscoring the economic risks of the widening conflict in the Middle East. @rfelliott.bsky.social www.nytimes.com/2026/03/01/b...
02.03.2026 00:36
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Birds Aren’t Just Declining. They’re Declining Faster, a New Study Finds.
“The American dream turns into the American nightmare as we start to look at what we’re doing to biodiversity and systems that we depend on as humans."
26.02.2026 20:35
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The National Reporting award goes to The New York Times for relentless and unflinching coverage of a White House that defied standards and norms in expanding executive power, issuing Presidential pardons, extracting lucrative profits from governmental action, withholding funds to punish localities and institutions deemed politically unfriendly, criminally prosecuting perceived enemies, abandoning environmental and public health safeguards, curtailing scientific research and regularly misleading courts and the public about initiatives like deportation of supposed felons and gang members or bombing of Venezuelan boats to curb drug trafficking.
The NYT won three Polk awards, including this one. I’m sure it will make some heads explode, but it’s not wrong.
24.02.2026 00:27
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To Stay in Her Home, She Let In an A.I. Robot
Does anybody out there write with as much heart and immersive detail as Eli Saslow? One of my favorite writers when he was at the Washington Post, and kicking ass at the @nytimes.com www.nytimes.com/2026/02/12/u...
18.02.2026 21:10
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Literally cannot stress enough that if I, a climate scientist, were running a scam it would be a lot more fun than this
12.02.2026 20:32
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Climate Change Is Erased From a Manual for Federal Judges
The Federal Judicial Center deleted a chapter on climate science from a reference manual for judges. I spoke to one of the authors of the chapter. Gift link: www.nytimes.com/2026/02/10/c...
10.02.2026 21:22
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Deep Inside an Antarctic Glacier, a Mission Collapses at Its Final Step
Science will break your heart. But there's so much heroism in the trying. www.nytimes.com/2026/02/02/c...
08.02.2026 20:08
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This one really worries me. People want to know the facts about climate change, but last year there was even less media coverage than the previous year. Thanks to @lyndseylayton.bsky.social of @nytimes.com for pointing out that reader interest is actually on the rise.
29.01.2026 14:34
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We had twice that many in Fairfax alone back in the day. And it mattered. Reporters are the eyes and ears of the community, keeping tabs on people in power. We were there for every supervisors meeting and every school board meeting. We pored through planning commission documents and campaign filings
07.02.2026 14:39
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Opinion | A Lament for the Washington Post
The most powerful capital in the world has no major fully functioning newspaper. That’s a huge absence.
The great Peggy Noonan on the demise of the @washingtonpost.com: "The capital of the most powerful nation on earth appears to be without a vital, fully functioning newspaper to cover it. That isn’t the occasion of jokes, it’s a disaster." www.wsj.com/opinion/a-la...
07.02.2026 15:35
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Opinion | An Elegy for My Washington Post
The amazing Carlos Lozada reminds us of Eugene Meyer's seven principles for the Post and asks if they will survive. "I hope that The Post will endure, even thrive, as a business, but I worry that it may do so at the cost of its essence, its heart, its core."
www.nytimes.com/2026/02/06/o...
07.02.2026 15:40
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He Was Laid Off at The Washington Post After Working There 60 Years
Sixty years of excellent work at the Washington Post; a beloved figure there. The Bezos team just laid him off. www.nytimes.com/2026/02/05/b...
05.02.2026 14:01
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Donate to Washington Post 2026 layoff fund, organized by Rachel Siegel
On Wednesday, Feb. 4, 2026, The Washington Post laid off hundreds of journalists. We ar… Rachel Siegel needs your support for Washington Post 2026 layoff fund
I have so many thoughts about what was unleashed on @washingtonpost.com and many of my @postguild.bsky.social siblings yesterday.
The most productive thought is to support them.
Please give generously with me to help these dedicated journalists who are paying the price for others’ cowardice.
05.02.2026 13:56
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If Jeff Bezos could afford to spend $75 million on the Melania movie & $500 million for a yacht to sail off to his $55 million wedding to give his wife a $5 million ring, please don't tell me he needed to fire one-third of the Washington Post staff.
Democracy dies in oligarchy.
05.02.2026 00:16
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The Murder of The Washington Post
Today’s layoffs are the latest attempt to kill what makes the paper special.
"The Post is all of our “we”—the journalists fighting for it, the ones competing against it, those of us in the diaspora, and especially the community that counts on it and the nation that turns to it." Thank you @ashleyrparker.bsky.social www.theatlantic.com/politics/202...
04.02.2026 15:23
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TincherSealedWitnessDec012426.PDF
JUST IN: Lawyers file declaration in federal court from first-hand witness to immigration agents' shooting of a US citizen onlookers today. Minneapolis Mayor Frey said details would be used to bolster case for ousting ICE from city. Doc: www.documentcloud.org/documents/26...
25.01.2026 01:03
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Skies Clear, and a New Outpost Springs Up at the Bottom of the World
The beauty of this, the riskiness, the audaciousness of the science are all breathtaking. @zhonggg.bsky.social and Chang W. Lee are doing amazing reporting from Antarctica www.nytimes.com/2026/01/20/c...
21.01.2026 01:42
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From Seal Meat to Ice Sheets: A Century of Reporting From Antarctica
The NYT has a reporter & a photographer aboard an expedition in Antarctica, part of a long tradition of reporting from the frozen continent www.nytimes.com/2026/01/19/c...
19.01.2026 14:08
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E.P.A. to Stop Considering Lives Saved When Setting Rules on Air Pollution
E.P.A. to Stop Considering Lives Saved When Setting Rules on Air Pollution: In a reversal, the agency plans to calculate only the cost to industry when setting pollution limits, and not the monetary value of saving human lives, documents show.
www.nytimes.com/2026/01/12/c...
12.01.2026 17:41
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Portraits of the Thwaites Glacier
This ICE, I love. Portraits of the Thwaites glacier by the incredible Chang Lee. And a dateline to die for: "Aboard the icebreaker Araon in the Amundsen Sea" www.nytimes.com/2026/01/09/c...
11.01.2026 01:15
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The Icebreaker Reaches the Thwaites Glacier, and the Science Begins
"Thwaites’s undoing could act like a cork being pulled from a bottle, causing the neighboring glaciers that make up the West Antarctic ice sheet to disintegrate as well. That could add 10 to 15 feet to sea-level rise over the course of several centuries."
www.nytimes.com/2026/01/07/c...
08.01.2026 17:18
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For those who can't access the online story through the paywall, here's the piece about our efforts to retrace Thoreau's footsteps on Cape cod's National Seashore.
www.bostonglobe.com/2025/12/19/l...
21.12.2025 17:20
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Clean, Limitless Energy Exists. China Is Going Big in the Race to Harness It.
The joke is that fusion is always 10 years away. But recent moves by China suggest that it might finally be around the corner. Clean, limitless energy that could change civilization. www.nytimes.com/2025/12/13/c...
13.12.2025 16:57
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