[lbo-talk] Chomsky: Israel Lobby ?

[Seth Ackerman]

Doug Henwood wrote:

> Don't forget the argument of Nitzan & Bichler in The Global Political 
> Economy of Israel: oil companies *like* tensions in the Middle East, 
> because they raise prices and therefore profits.

I never understood the link between oil prices and oil corp profits. 
(I've seen N & B's charts.) Aren't the companies mostly involved in 
marketing and refining now? Why should their profits go up along with 
crude prices?

Seth