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Oil Giant Pumps Out Huge Profits

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posted on Oct, 28 2008 @ 06:57 AM

British oil firm BP has reported third-quarter profits of £6.4bn - up 148% compared with the same period last year.

I am utterly disgusted by this announcement I can't believe the citizens of the UK sit back and allow the prices to rise? everyone has a voice do they not?

Prices hit a new peak above $147 a barrel in mid-July but have now fallen back to around $60 a barrel.

Link to source

Its funny to hear that still the UK pays one of the highest prices in europe for fuel. When will it end? I hear the companies say that alot of money is put back for exploration but not 6.4bn a third quarter surely? How many BP board members are sitting on a lovely beach now sipping champagne toasting to their future. It makes me sick! show your support and leave a comment

[edit on 28-10-2008 by franspeakfree]

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[edit on 28/10/08 by Jbird]

posted on Oct, 28 2008 @ 08:33 PM
In the end I think you will find a very small part of the six billion wind fall goes back into anything that will help lower the price of fuel or energy. I saw some figures in a news paper one time if I remember right. Some invest more then others but over all very little.


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