Oil Profits and Inflation

I see inflation stories at the top of the news every day. Even the local news. Oil continues at $100 bbl for no particular reason, and big oil companies like BP, Shell and Exxon dial in record or near-record profits. How much of inflation is caused by, let’s call it what it is, oil company profiteering? I can’t seem to find any data making the link. Hers the latest Big Oil news.

Saudi Aramco overtakes Apple as world’s most valuable company