Shell: making a fortune!
Discussion
Me too...
Make sure you have a plus points card: www.shellpluspoints.com/
As it also happens to be the cheapest around and on my way to work I also use it for the daily hack... should start building up a fair few air miles soon!
Make sure you have a plus points card: www.shellpluspoints.com/
As it also happens to be the cheapest around and on my way to work I also use it for the daily hack... should start building up a fair few air miles soon!
Yup:
"Martin O'Neill, Labour chair of the Commons trade and industry select committee, said a windfall tax should be considered as a way of helping the thousands of people who struggle to pay their fuel bills.
"It is not unreasonable to assume that the profits that come from these companies should be directed, at least in part - either voluntarily or fiscally - to the UK's disadvantaged energy consumers," he told the BBC"
http://news.bbc.co.uk/1/hi/business/4231693.stm
Careful in case you make a profit folks - heaven forbid that you would do something as selfish as that!
Phil
"Martin O'Neill, Labour chair of the Commons trade and industry select committee, said a windfall tax should be considered as a way of helping the thousands of people who struggle to pay their fuel bills.
"It is not unreasonable to assume that the profits that come from these companies should be directed, at least in part - either voluntarily or fiscally - to the UK's disadvantaged energy consumers," he told the BBC"
http://news.bbc.co.uk/1/hi/business/4231693.stm
Careful in case you make a profit folks - heaven forbid that you would do something as selfish as that!
Phil
Mannginger said:
Yup:
"Martin O'Neill, Labour chair of the Commons trade and industry select committee, said a windfall tax should be considered as a way of helping the thousands of people who struggle to pay their fuel bills.
"It is not unreasonable to assume that the profits that come from these companies should be directed, at least in part - either voluntarily or fiscally - to the UK's disadvantaged energy consumers," he told the BBC"
We are all disadvantaged energy consumers. Disadvantaged by the colossal tax burden that the cretins in power have seen fit to lumber us with. How about a windfall tax rebate for the grotesque overcharging and profiteering for which the government is responsible? Thought not.
Mannginger said:
Yup:
"Martin O'Neill, Labour chair of the Commons trade and industry select committee, said a windfall tax should be considered as a way of helping the thousands of people who struggle to pay their fuel bills.
"It is not unreasonable to assume that the profits that come from these companies should be directed, at least in part - either voluntarily or fiscally - to the UK's disadvantaged energy consumers," he told the BBC"
http://news.bbc.co.uk/1/hi/business/4231693.stm
Careful in case you make a profit folks - heaven forbid that you would do something as selfish as that!
Phil
Labours suggestion is a load of bollox - Shells profits only just cover their cost of capital - sure they make billions because they are a huge company FFS! - their profits are in keeping with their (enormous )asset base.
We pay a sh1tload for domestic fuel and petrol because Tony Bliar and cronies have taxed it - no other reason . We should have a windfall tax on my local council for their profiteering with my council tax
Yep, record profits due to the high oil prices, but again downgraded their reserves a bit. They will be combining the separate board structures of Royal Dutch and Shell to make them more transparent to investors.
My oil major shares are doing nicely out of the high oil prices, and they annually pay out excellent % dividends. A good thing to have in a share portfolio of shares IMO, as long as the Chinese energy needs keep burgeoning. Whatsmore, OPEC are no longer going to aim to keep oil around the $25 level - they've got used to the higher income and will more likely aim to stabilise the barrel price at $35, so more nice profits to come...yum.
My oil major shares are doing nicely out of the high oil prices, and they annually pay out excellent % dividends. A good thing to have in a share portfolio of shares IMO, as long as the Chinese energy needs keep burgeoning. Whatsmore, OPEC are no longer going to aim to keep oil around the $25 level - they've got used to the higher income and will more likely aim to stabilise the barrel price at $35, so more nice profits to come...yum.
i nearly threw something at the tv yesterday when a Labour committee MP started talking about a windfall tax on Shell.
what pisses me off is that the govt already get 40% of the profit in tax, and the shareholders then have to pay at least another 25% tax from the income they get on the share dividends!
and then this guy wants a windfall tax!?!
so all in all, they get a min of 55% of that profit in tax!
and its not enough!!
what pisses me off is that the govt already get 40% of the profit in tax, and the shareholders then have to pay at least another 25% tax from the income they get on the share dividends!
and then this guy wants a windfall tax!?!
so all in all, they get a min of 55% of that profit in tax!
and its not enough!!
Shell don't make as much profit out of oil as my local Saab dealer does... they wrote and asked if I was still satisfied with Saab ownership - here's the first part of my reply that I wrote last night:
Thank you for your letter of 25 January in which you asked about any issues with Saab ownership. Since you asked, I have three:
1. When the car was last serviced, you charged me approximately £56 for oil. It might have been more, I couldn’t hear from floor level and by the time I had picked myself up he had just finished telling me the “pence”. The most expensive oil I can buy retail, costs about £36 for that amount. You don't even use that expensive stuff. I don’t even use that expensive stuff in my TVR. Your equivalent specification (retail) is about £20. You also get it cheaper than I can because (a) you buy in bulk and (b) you get it wholesale.
I have been interested to read in my newspapers over the last few days about the outcry over Shell's profits for 2004, with cries for windfall tax etc because of the “obscene” profits they are making. With your markup on oil, you are making more profit out of each barrel of oil than even Shell is. Given that oil is their primary business, and not yours, that achievement is not bad going at all.
You will appreciate, however, that from the point of view of your customers, this level of profit is hardly seen as reasonable.
All the more strange, too, that when a colleague had his car, a Saab Aero Hot, serviced the previous week, he was charged less than half that amount, presumably for a similar quantity and quality (if not better) of oil. I did ask your man at Service Reception if my oil had perhaps been supplied and fitted by the Sultan of Brunei himself, or for some other justification of this extortionate price. He said he would investigate and let me know.
He didn't.
No doubt he thought that I would forget about it as soon as I had paid up and left the showroom, like most people probably do.
Well I didn't.
thieving gits everywhere...
Thank you for your letter of 25 January in which you asked about any issues with Saab ownership. Since you asked, I have three:
1. When the car was last serviced, you charged me approximately £56 for oil. It might have been more, I couldn’t hear from floor level and by the time I had picked myself up he had just finished telling me the “pence”. The most expensive oil I can buy retail, costs about £36 for that amount. You don't even use that expensive stuff. I don’t even use that expensive stuff in my TVR. Your equivalent specification (retail) is about £20. You also get it cheaper than I can because (a) you buy in bulk and (b) you get it wholesale.
I have been interested to read in my newspapers over the last few days about the outcry over Shell's profits for 2004, with cries for windfall tax etc because of the “obscene” profits they are making. With your markup on oil, you are making more profit out of each barrel of oil than even Shell is. Given that oil is their primary business, and not yours, that achievement is not bad going at all.
You will appreciate, however, that from the point of view of your customers, this level of profit is hardly seen as reasonable.
All the more strange, too, that when a colleague had his car, a Saab Aero Hot, serviced the previous week, he was charged less than half that amount, presumably for a similar quantity and quality (if not better) of oil. I did ask your man at Service Reception if my oil had perhaps been supplied and fitted by the Sultan of Brunei himself, or for some other justification of this extortionate price. He said he would investigate and let me know.
He didn't.
No doubt he thought that I would forget about it as soon as I had paid up and left the showroom, like most people probably do.
Well I didn't.
thieving gits everywhere...
Shell, like BP make thier money from selling oil that they drill for. They have no control over the price of oil as that is controlled by OPEC. OPEC also have no control over the price of oil as they have control over demand of oil. OPEC are the ones that should be held accountable for the obscene profits made by oil companies.
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