Dear Kitty. Some blog

July 31, 2008

Biggest profits ever for Shell oil [Peace and war, Economic, social, trade union, etc., Environment] — Administrator @ 12:20 pm


This video says about itself:

The world’s oil giants Exxon Mobil, Shell, Total and BP are set to return to Iraq more than 35 years after Saddam Hussein nationalised production in the country’s biggest oil deal since the invasion.
From Dutch NOS TV:
Record profits again for Shell

Shell has never had such big profits as during the past six months. The corporation has said so in its report on the past six months.

Profits rose 8 per cent. From 14.5 billion US dollars in the first six months of 2007 to 15.7 billion US dollars this year. Those are profits of 60,000 US dollars per minute.

Shell profits have mainly rosen because of rising oil prices.

Shell and tar sands: here.

Crisis, what crisis? for at least some people. This, however, will not stop Shell capitalists joining in with the chorus of other capitalists, clamoring for less well off people to “tighten their belts” because of bad times …

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