Why high oil prices are good for oil companies — until they aren’t April 9, 2026 FacebookXPinterestWhatsApp Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks. (Image credit: Julio Cortez) RELATED ARTICLESMORE FROM AUTHOR National Trump’s pick to lead CDC signals shift away from vaccine skepticism National 1 in 3 US households struggle to pay energy bills, but the reality is likely even worse Photos: How overfishing in Southeast Asia is an ecological and human crisis Latest article Trump’s pick to lead CDC signals shift away from vaccine skepticism Trump's pick to lead CDC signals shift away from vaccine skepticism 1 in 3 US households struggle to pay energy bills, but the reality is... 1 in 3 US households struggle to pay energy bills, but the reality is likely even worse Photos: How overfishing in Southeast Asia is an ecological and human crisis A rare look at one of the world's most critical and understudied environmental crises. Southeast Asia produces more than half of the world's fish,...