Bichler, ShimshonNitzan, Jonathan2022-09-272022-09-272021Relative Oil Prices and Differential Oil Profits. Bichler, Shimshon and Nitzan, Jonathan. (2021). Real-World Economics Review Blog. 30 December. (Article - Magazine; English).http://hdl.handle.net/10315/39745inflation oil profit redistributionIf you thought that oil profits are about producing oil, think again. The enclosed chart, updated from our 2015 Real-World Economics Review paper, ‘Still About Oil?’, shows that the main determinant of oil profit — and specifically of differential oil profit — is not output, but prices.Article