Shell unveils £1.5million-an-hour profits

Shell unveils £1.5million-an-hour profits

www.tiscali.co.uk

Shell has reignited anger over excessive profits after revealing it made 27.6 billion US dollars (£13.9 billion) in 2007 - a new record for a UK company.

The figure - equivalent to more than £1.5 million an hour - prompted a fresh call from unions for a windfall tax on oil companies. It also comes at a time when motorists are paying forecourt petrol prices of more than £1 a litre.

(visit the link for the full news article)


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Somebody please tell me why we and our buisnesses are collapsing due to astronomical running costs, when these fat cats are making so much profit?

Where is the money going?

What can we really do about it?

www.tiscali.co.uk
(visit the link for the full news article)

Shell pay a huge amount in corporation tax, provide jobs in the UK and contribute hugely to the UK economy.

So, what is the problem?

reply to post by xSMOKING_GUNx



well, for one thing these, as you call them fat cats, did not venture into
buying up all those mortgage bonds & other fraudlent investment paper.
They focused and concentrated on what they Know & do best...


secondly, I would look on that accumulation of wealth as 'Tribute'
or as the modern version of the ancient pantheon of god's...


Today's 'Shell' is an entity, a god in it's own right....
& Shell must amass wealth to increase it's power and reach to combat/parry the other god's of Energy (think Haliburton, EXxon, Occidental, BP, etc)
and their own nefarious tactics of resource/energy sequestering.



~all hail to the multinational energy 'gods' who give us modern conviences and a higher standard of living,,,for a small piece of one's life energy~



[edit on 31-1-2008 by St Udio]