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Cancer
la Nebulosa del cangrejo



Registered: 01/23/08
Posts: 384
Loc: under da C
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Whoops! Big Oil Tycoons do it again!
#7957862 - 01/30/08 09:05 PM (16 years, 2 days ago) |
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Quote:
Shell's 'obscene' £13.4billion profit breaks British record 30th January 2008 http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=511387&in_page_id=1770
Record profit: Shell earnings soar as motorists struggle with high petrol prices.
Shell is expected to announce earnings of £13.4billion today - the biggest-ever profit by a British company.
The oil giant is likely to report that profits have risen 12 per cent since last year, pushed up amid fears of instability in the Middle East.
But critics have branded the earnings "obscene", pointing out that pensioners, motorists and industry are all struggling to afford soaring energy prices.
With oil topping $100 a barrel, many motorists have seen petrol prices rise to more than £1 a litre and towards the once unthinkable £5 a gallon.
American rival Exxon Mobil, the world's biggest non-government controlled oil company, is also tipped to break the previous U.S. earnings record when it reveals its results this week.
It is expected to announce profits of £20billion in the past year.
Unions and motoring groups are calling on the Government to impose a "windfall tax" and to scrap the planned 2p a litre tax hike on fuel.
Tony Woodley, joint general secretary of union Unite, said: "Shell shareholders are doing very nicely whilst the rest of us are paying the price.
"Record profits at Shell and the oil industry are, quite frankly, obscene. It is time the Government acted."

Looks like we're taking it in the mouth again, guys. Once again they jack up prices b/c of the fuel cost crisis, and once again theyre making out like bandits. Is your anus swollen yet?
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Sell Your Soul
Nutmeg shaman



Registered: 03/15/00
Posts: 40,819
Loc: Over there
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Re: Whoops! Big Oil Tycoons do it again! [Re: Cancer]
#7957871 - 01/30/08 09:07 PM (16 years, 2 days ago) |
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Shit, they aren't making nearly enough money! I insist they raise gasoline prices to no less than $5 per gallon, nationwide. We must spend as much money as possible so they never have to worry about having enough wealth, ever again.
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jjr
Green Ranger

Registered: 01/30/08
Posts: 62
Last seen: 15 years, 11 months
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Re: Whoops! Big Oil Tycoons do it again! [Re: Sell Your Soul]
#7957886 - 01/30/08 09:11 PM (16 years, 2 days ago) |
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Fuck... and I can barely afford to fill my 30 liter tank.
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Smackshadow
It's Time for Wild Speculation


Registered: 09/27/05
Posts: 575
Last seen: 19 days, 14 hours
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Re: Whoops! Big Oil Tycoons do it again! [Re: jjr]
#7957978 - 01/30/08 09:31 PM (16 years, 2 days ago) |
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In Wisconsin they decided to raise the price of cigarettes rather than tax major oil companies in a deal the the republicans pushed through. I am sooooo glad.
-------------------- The trouble with fighting for human freedom is that one spends most of one's time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to be stopped at all. ~H. L. Mencken~
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WakeboardrB
Pepe Silvia



Registered: 05/18/03
Posts: 13,678
Last seen: 11 years, 6 months
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Re: Whoops! Big Oil Tycoons do it again! [Re: Smackshadow]
#7958008 - 01/30/08 09:39 PM (16 years, 2 days ago) |
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Don't be an idiot. Gas (or petrol) prices aren't so much driven by the oil companies, as they are by refinement costs, shipping, demand and taxes.
I'm not playing devils advocate at all, but come the fuck on... They may be making record profits, but that's more due to a record demand on their product. They aren't artificially inflating the price.
It's like bitching about cigarette prices. In some places 3/4 of the actual cost is bullshit taxes and what-not. We're still gonna buy it so what the fuck are you going to do about it?
-------------------- Same thing happened to me when I played Neil Armstrong in Moonshot. They found me in an alley in Burbank trying to re-enter the earth's atmosphere in an old refrigerator box.
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kit_kat
Vixen



Registered: 01/05/06
Posts: 249
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Re: Whoops! Big Oil Tycoons do it again! [Re: WakeboardrB]
#7958016 - 01/30/08 09:41 PM (16 years, 2 days ago) |
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Damn taxes! I'm in Canada so I know all about gas taxes. But I have to admit I like the social programs like healthcare we have here so I really shouldn't complain.
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WakeboardrB
Pepe Silvia



Registered: 05/18/03
Posts: 13,678
Last seen: 11 years, 6 months
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Re: Whoops! Big Oil Tycoons do it again! [Re: kit_kat]
#7958038 - 01/30/08 09:47 PM (16 years, 2 days ago) |
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Quote:
kit_kat said: Damn taxes! I'm in Canada so I know all about gas taxes. But I have to admit I like the social programs like healthcare we have here so I really shouldn't complain.
Gas taxes are usually put towards transit funding and (increasingly) environmental programs.
-------------------- Same thing happened to me when I played Neil Armstrong in Moonshot. They found me in an alley in Burbank trying to re-enter the earth's atmosphere in an old refrigerator box.
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