more huge oil profits

Shell 2Q profit up 40 pct. on oil prices
AMSTERDAM, Netherlands - Royal Dutch Shell PLC, Europe's second-largest oil company, said Thursday its second-quarter earnings jumped 40 percent as high oil prices offset production difficulties in Nigeria and the Gulf of Mexico.

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That was in line with other major oil companies reporting results this week. BP PLC said its second-quarter profit rose 30 percent to $7.3 billion, while ConocoPhillips reported a 65 percent increase to $5.18 billion. Exxon Mobil Corp., the world's largest publicly traded oil company, is due to report its earnings later Thursday.

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Is there any other business that can make huge profits while costs are rising dramatically? Doesn't increased costs usually affect the bottom line negatively?
Guess not when the prez is your friend!