Secretive Irish Climate Science Denier Group Steps Up 'Bizarre' Parliamentary Lobbying 22:27 Sep 27 0 comments EU Commission proposes new strict EU-wide rules on single-use plastics 12:29 May 29 0 comments Protecting WIldlife in Ireland from Hedge Cutting and Gorse Burning 23:37 Feb 23 0 comments WRECK THE « CLIMATE CHANCE » SUMMIT! At Nantes, France, from 26 to 28 September 2016 20:04 Jul 17 0 comments Why the corporate capture of COP21 means we must Kick Big Polluters Out of climate policy 22:47 Dec 03 3 comments more >>Blog Feeds
Anti-EmpireNorth Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi? Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi? Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi? ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi? US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty
The SakerA bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Public InquiryInterested in maladministration. Estd. 2005RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony Joe Duffy is dishonest and untrustworthy Anthony Robert Watt complaint: Time for decision by SIPO Anthony RTE in breach of its own editorial principles Anthony Waiting for SIPO Anthony
Voltaire NetworkVoltaire, international editionVoltaire, International Newsletter N?113 Fri Dec 20, 2024 10:42 | en Pentagon could create a second Kurdish state Fri Dec 20, 2024 10:31 | en How Washington and Ankara Changed the Regime in Damascus , by Thierry Meyssan Tue Dec 17, 2024 06:58 | en Statement by President Bashar al-Assad on the Circumstances Leading to his Depar... Mon Dec 16, 2024 13:26 | en Voltaire, International Newsletter N?112 Fri Dec 13, 2024 15:34 | en |
Shell profits at Ireland's expense
mayo |
environment |
press release
Wednesday October 29, 2008 19:45 by Shell to Sea
Shell are tomorrow expected to announce profits of €5.5 billion for the third quarter of the year, representing a 12% increase on profits from this time last year. This means that while people are paying record prices for their fuel, Shell were racking up record profits of around €60 million every day. Recently Bord Gáis applied to increase gas prices by up to 8% which follows a 20% increase which took effect this September. Commenting on the Shell profits, Shell to Sea spokesperson Maura Harrington stated "Because of the obscene giveaway gas deal even if Corrib Gas came on stream tomorrow it would not affect the price we pay for our gas, we would buy it back at full market value from Shell. Indeed all the extra delays and costs will be paid for by the Irish taxpayer under the current oil and gas terms." |
View Comments Titles Only
save preference
Comments (2 of 2)
Jump To Comment: 1 2Workers Party in Dublin Central condemn massive profits of Oil Companies at a time of increased oil prices.
The blatant profiteering by the international oil giants has been roundly condemned by Malachy Steenson, Workers' Party representative in Dublin Central. "For the last year" stated Malachy " both motorists and householders have had to endure massive inflation in fuel prices. Naturally their anger has been vented on both the retailer and at the producer countries. However it is now clearly demonstrated that the real culprit all along has been the cartel of international oil companies".
"This week BP Oil announced a staggering 148% increase in quarterly profits. On an annualised basis that is over 600% increase in profits. In the three months of July, August and September - traditionally low demand months for oil - their profits amounted to $10 billion (€8 Bn). All of the other international oil giants are also about to announce similar record profits”.
"These obscene profits have been made when motorists were fleeced for €1.30 per litre of petrol; when families and old people particularly cannot afford home heating oil, and when industry is collapsing across the country. These oil companies have ripped us off with impunity and have pushed up inflation when the economy is on the brink of recession. This once again shows that these companies' loyalty is always to the bottom line”.
“There must be greater controls on the oil companies both at national and international level. They must not be able to hold countries to ransom and inflict hardship on ordinary people through their gross profiteering. It is time to rein in the oil companies at home and abroad”, said Malachy Steenson.
They aren't going to get away with it.