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?