Worried About Fuel Prices? Shell is not: They Make £1.8m an hour from it
The rising cost of fuel is pushing inflation up all the time - yet in the face of a coming national emergency, it has been revealed that Shell and BP have made record profits over the last six months of $8 billion and $6.75 billion respectively.
In Shell’s case, this works out to a profit - not turnover mind - of $1.8 million an hour - was up eight per cent on the same time last year.
Shell has claimed that it uses its profits to invest in renewable energy and clean technology. However, its financial statements show that it spends $500m a year on alternative energy resources - about five days’ profit.
A large source of these profits have been boosted by Shell’s Canadian oil sands business which increased their earnings by 74% over the last three months.
The high price of oil now makes this controversial form of oil extraction financially viable for the big oil companies (not just Shell), but it is more energy and carbon intensive than traditional extraction.
Shell declined to say how much it had earned from British motorists at its network of petrol service stations but it insisted it was “one of the cheapest” suppliers.
A doubling of the oil price to $120 per barrel across the quarter drove those profits while Shell admitted that its overall oil and gas production fell slightly to 3.1m barrels of oil equivalent per day in the second quarter 2008, from 3.1m in the same quarter last year.
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Change is coming,the quiet revolution is marching on.
The British National Party will stop these immoral profits which are legally stolen from the people.
While increased fuel prices has an easy target - oil companies, is that really where we are getting fleeced?
In reality people who do not own property have been fleeced the most, the youth have been priced out of the market while landlords have just bought up a limited supply of housing stock. If anyone is advocating a windfall tax then it is the landlords that should face one.
People really need to see the underlying dynamics of the property situation. The additional million or two immigrants are DENYING the youth of this country housing (By simply being in houses) and by creating additional demand thus raising prices. In consequence British youth are living in studio apartments and so forth… I doubt they will have more than one child in those sorts of conditions.
Councils require bigger houses for asylum seekers multiple offspring..
We are being eradicated.
I’m not bothered about rising fuel prices. I only ever put in £10 anyway. - Viz.
We’re certainly shelling out our shells for every gallon of Shell till we’re thoroughly shelled out, old bean. Apparently, according to Urban Dictionary, “shellophobia” is the fear of being blown up at gas stations. I know the feeling.
Britain pays the highest duty and VAT on fuel in Europe - around two-thirds of the price of a litre goes to the Treasury. From 1 October 2007 to 1 April 2008, the AA says drivers paid an extra £282m in petrol levies
This year, Shell will spend up to £13.5bn trying to find new oil - the equivalent of its total profit in 2007. They may be making billions but we shouldn’t suppose it’s easy.
Incidentally North Sea Gas production is taxed at a rate of 50-75 percent and then you the consumer are charged an extra 5% VAT on top.
Perhaps we should look closer to home for some tax relief?
But don’t worry they can’t tax your strength. Not yet.
Most of the price of petrol goes into Brown’s leaky coffers. The money that Shell and BP make go to the pension funds which need to reflate after Brown raided them to fund his squanderings on immigrants and leftist lunacy. The wrong target has been picked here, I’m afraid, but it’s exactly what Brown would want.
If we look to the future we have seen nothing yet! We give aid to countries and the same people subsidise the cost of their oil products.
Our illustrious Liblabcon Artists have ignored building new powers stations not dependent on oil and we see the result.
In Wales there is more ELECTRIFIED MODEL RAILWAY than STANDARD GAUGE ELECTRIFIED RAILWAY. This true distance not scale. This is the debacle that Labour has accepted in Wales for its People.
Has anyone heard from the Liblabconplaid Axis with any ideas?
We must have a new BNP Broom!
The Petrochems are raking it in, it must be a real dilema for Brown, taxing his Global Elite Bilderberger Buddies, maybe what he should do is Tax them, because that will give him public support but then Borrow even more money by Issuing Gilts, to pay for Diversity managers and Nappy changing trainers etc etc. these Gilts will be snapped up by the Global Bankers, we are then taxed to pay the capital and the interest and the Global Elite get their money back that way.
Better yet, doing it like this makes it more complicated so that we stupid proles don’t realise what is really going on.
The BNP should be looking at things in a different manner from the LibLabCon clique in order to be seen to be different from that failed group. The facts are that:
most of the price of petrol is tax imposed by Brown’s squandering regime.
that Shell’s and BP’s profits are taxed anyway.
that the dividends from the profits go mainly to our pension funds.
that the pension funds were ruined by Brown’s theft in 1997 (one of his first acts setting the scene for others).
above all, that the ‘green’ agenda is utterly false and is merely a screen for Nulab tax and control over our lives.
The only problem I have with large profits is what the company does with them. The BNP is not against profits, this I learnt many years ago. Many years ago the Lever Family used its profits to build high standard housing for its workers. Cadbury did the same. Has that happened this century, I think not. Back to Shell. The government is thinking of a windfall tax. If 70% of the price of oil is tax anyway, how much has the government made and thrown down the endless hole of immigration and Northern Rock.
If Shell or any other company pays its workers a good salary and its customers are happy,then their profit after tax is theirs to use as they see fit. We in the BNP are not communists are we. And if you believe the Chairmans veiws on Peak Oil then Shell needs healthy profits to find these expensive deposits where ever they may be. Envy is destructive. We have a very envious government.Don’t fall into their mindset “All property is theft” unless the Zanulabour own it.
Sorry to prattle on but I must relay this saying. no doubt some may allready know it. How to define the difference between Lib Lab Con and the BNP. Using cows to make it simple
Liberals wish that everyone should own a cow
Conservatives believe that they should own all of the cows
Labour believe that nobody should own a cow.
The BNP believe that cows should be owned by responsible farmers.
We are the common sense Party.
Baz: When I was unemployed, one of my ‘hippy’ mates chastised me as being a dole-scrounging parasite. I was doing bar work, but not enough hours to live on. I couldn’t get the job I wanted and so went self employed. He immediately started (after a few pints) telling me I was a capitalist oppressor, not that I employed anyone. Typical hippy idiot. Making money to live and to invest is of course not wrong, and Sponge-Gordon Brown-Pants coming up with another windfall tax is. Pull our troops out of foreign lands, Sponge-Gordon and stop giving endless handouts to aliens and you won’t need to punish companies.
The argument for foreign aid is that British companies will supply machinery and workforce for places such as India, Pakistan and sub-saharan Africa, but who owns these companies? Since the public money spent on aid benefits the foreign owners of such government-blessed firms and their shareholders, it’s about as useful as fining the BBC (who are funded by us) for ripping off their viewers on phone-in quizzes.
Yes, Shell may their faults and may not be doing all they can, but peak oil will mean far less profits for them. The root cause is with the bankers for causing speculation bubbles, currency inflation and fraudulent debt, so causing excessive consumerism, centalisation, transportation, malinvestment and higher prices of everything. The government is stuck between a rock and a hard place, they got greedy, but did not save, so will be hard pressed to reduce any taxes! It may required hostile nationalisation of our utilities to reduce our pain, at the cost of private pensions.
It will be up to us to help ourselves as best we can, by opposing all forms of waste (including foreign aid) and preparing for several years of hardship e.g. much reduced fuel use, and by use of technologies like this, to save money:
http://web.mit.edu/newsoffice/2008/oxygen-0731.html
This new item also seems relevent, it appears that globalisation is slowly unravelling due to higher transportation costs!
http://www.nytimes.com/2008/08/03/business/worldbusiness/03global.html?_r=2&hp&oref=slogin&oref=slogin
So higher fuel costs could be a blessing in disguise. Hopefully we will see more goods made in Britain again.
I recall after apartheid ended there were plenty of black South Africans who wanted to sue the firms that they claimed had propped up the White government. Mandela warned that this action was absolutely idiotic, since it would only lead to multi-national companies pulling out of South Africa, beyond their jurisdiction losing the economy jobs and damaging the infrastructure. They continued, however seeking instant gratification and mortgaging the future. Whilst I have to honestly say I do not know whether they won their court cases, I do know the South African economy is a shadow of what it once was.
The real reason petrol and diesel prices are scandalous in this country is because of the huge tax by the government.