Thursday, January 31, 2008

Remember This The Next Time You Fill Up

The next time you are searching for the money needed to put gas in your tank between your couch cushions, try to remember just how rough that $3 plus a gallon gas is on our big oil companies.
Royal Dutch Shell reignited anger over excessive profits today after revealing it made $27.6 billion (£13.9 billion) in 2007 - a new record for a UK company.

The figure - equivalent to more than £1.5 million an hour - prompted a fresh call from unions for a windfall tax on oil companies. It also comes at a time when motorists are paying forecourt petrol prices of more than £1 a litre.
AmericaBlog does the math for us, Shell only made a paltry $3 million a minute. How can they possibly survive?

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