shell profits - Alfa Romeo Forum
You are currently unregistered, register for more features.    
Rant Room Clean ranting only - No Swearing!

 
Thread Tools
(Post Link) post #1 of 13 Old 31-01-08 Thread Starter
Status: -
AO Member
 
berni's Avatar
 
Join Date: Aug 2007
Location: Bolton. England
Posts: 169

Member car:

Alfa 147 gta

Madness shell profits

So we see it again shell make 14billion pound profit dont it make you sick why cant these petrol companies pass some of their profit back to the hard prest-rippedoff over taxed motorist to say thanks for using their forecourts!
berni is offline  
Sponsored Links
Advertisement
 
Status: Coffee with MILF
AO Platinum Member
 
Al Faromeo's Avatar
 
Join Date: Apr 2005
Location: Netherlands
County: Limburg
Posts: 26,052
Re: shell profits


I heard it on the radio this morning and I wasn't sure I was hearing right...

Even without giving back straight to motorists, what happened to them investing in research into alternatives? They've got more money they can spend on this than many major countries.

It is unbelievable...
Al Faromeo is offline  
Status: Wyrd is Life
AO Gold Member
 
Stori's Avatar
 
Join Date: Nov 2002
County: -
Posts: 11,591
Re: shell profits

Wel if you think Shell is ripping you of, then you must really appreciate the British Labour Governemnt that is not only ripping you off, but raping and pillaging you as well.

But is Shell doing well..... ?

Shell's record profits conceal problems
Much will be made of Shell's profits being a UK corporate record. The predicable knee-jerk calls for a windfall tax have already started.

But in the City, these results were a bit of a disappointment. The fourth-quarter earnings figure missed analysts' estimates, and the numbers reveal strains on production and refining. The next couple of years could be pretty turbulent for the world's number two listed oil company.

Output fell for a fifth straight year, a consequence this time round of losing assets in Russia's Sakhalin 2 project and the worsening problems in Nigeria that meant operations had to close.

Shell underlined its desperate need to find and produce more crude by hiking capital spending plans for this year to perhaps $29bn (no doubt funded by further disposals).

Shell has been a leader in moves towards uncoventional sources of oil and gas (Canada's oil sands, for example) but whether all this comes on stream quick enough to replace the end of "easy crude" no one can tell at the moment.

Full-year oil and gas production, including oil sands, fell to 3.32m barrels a day last year, compared with 3.47m barrels a day in 2006.

The company had previously expected full-year production of between 3.3m and 3.5m barrels a day.

Meanwhile, profits from refining fell 40pc, and will stay weak in 2008. The surge towards $100 oil in the last few months was great for Shell's record-breaking headline profits, but it masks operational problems. Today's figures have not eased pressure on Shell to deliver, but increased it.



Stori is offline  
Status: The BSD says konnichiwa
Global Mod Team
 
BigFoot's Avatar
 
Join Date: Jul 2003
Location: Japan
County: Tokyo
Posts: 114,689
Re: shell profits

Darn capitalism


The bigger issue I see is not with the headline profits but with possible cartels happening among the oil companies.
BigFoot is offline  
Status: Busy busy busy!
Club Member
Membro Premio
 
Pud237's Avatar
 
Club Member Number: 71
Join Date: Apr 2006
Location: United Kingdom
County: Cumbria
Posts: 44,892
Re: shell profits

The oil producers are already the biggest cartel there is! The govenment first needs to cut fuel tax, THEN hammer the oil companies. China and India are burning cheap fuel, why shouldn't we get another piece of the pie before it runs out?
Pud237 is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: shell profits

One hell of a profit for a company.

Some people are suggesting hitting oil companies with a windfall tax - sorry but the goverment needs to remove the VAT off fuel before evening thinking about this course of action.

I agree that fuel goes up very quickly when the price of oil goes up but always takes months to come down and that needs to be investigated to stop the motorist being ripped off.

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
Rayq81
Status: - Update
Guest
 
Posts: n/a
Re: shell profits

Quote:
Originally Posted by SPPalfa View Post
I agree that fuel goes up very quickly when the price of oil goes up but always takes months to come down and that needs to be investigated to stop the motorist being ripped off.
You have more chance of winning the lottery than you do of the British goverment not ripping the motorist off, lets hope come election time we all get in our cars, drive down to the polling station and give these greedy ******* something to think about, even if you dont want to vote simply write "protest against fuel tax" on the Ballot paper.
 
Status: So good I did it thrice
AO Silver Member
 
PC7671's Avatar
 
Join Date: Mar 2007
Location: A4074
Posts: 2,082
Garage
Re: shell profits

£14 Billion does seem a little excessive and it is certainly as a result of effectively asset stripping the planet.

But Shell is the cheapest petrol around here.
PC7671 is offline  
PR
Status: -
Club Member
Membro Medio
 
PR's Avatar
 
Club Member Number: 51
Join Date: Feb 2003
Location: Middlesbrough, UK
Posts: 7,624
Re: shell profits

As lasrge as those profits are, for a £1.03 litre of petrol the oil company makes around 3p profit, the government takes 75p.
Oil companies are not allowed to sell at a reduced price since other sellers of petrol who do not own refineries (eg supermarkets) would be at a disadvantage.
PR is offline  
Status: -
 
Join Date: May 2005
Posts: 3,986
Re: shell profits

If Shell started selling petrol at no profit whatsover we would only see a reduction of 3-4 pence at the pump. The biggest culprit here is Gordon Brown and the treasury as they receive a windfall tax every time the price of a barrell of crude goes up.

better to direct our anger at fuel tax accelerator (automatic tax rises) or lobby the govt to spending more of this tax on road maintenance and improvement. Don't know about you guys but the stae of roads round here is appalling - we even have potholes on the motorway!
Will is offline  
Status: -
 
Join Date: May 2005
Posts: 3,986
Re: shell profits

Exxon Mobil have just announced profits of $40 billion dollars somewhat swamping those of SHELL.
Will is offline  
(Post Link) post #12 of 13 Old 02-02-08 Thread Starter
Status: -
AO Member
 
berni's Avatar
 
Join Date: Aug 2007
Location: Bolton. England
Posts: 169

Member car:

Alfa 147 gta

Re: shell profits

Dont you think if that thief in power put a windfall tax on oil companies they would pass it it on to us somehow? V.A.T. the biggest con going,someone tell me what value you get out of petrol? we need it without petrol/diesel nothing moves so its a necessity not a privilege so should be exempt from VAT.I dont think we will see petrol go back under a £ again.Sad.
berni is offline  
Status: Busy busy busy!
Club Member
Membro Premio
 
Pud237's Avatar
 
Club Member Number: 71
Join Date: Apr 2006
Location: United Kingdom
County: Cumbria
Posts: 44,892
Re: shell profits

Quote:
Originally Posted by rayq81 View Post
You have more chance of winning the lottery than you do of the British goverment not ripping the motorist off,
Do you think thats a positive sign for the future then, or just coincidence?
Pud237 is offline  
Reply

Go Back   Alfa Romeo Forum > Misc Lounges > Community Discussions > Rant Room

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

 
For the best viewing experience please update your browser to Google Chrome