Record Profits

Posted on 04/29/2008 at 8:41 am by Bob Cesca

Holy crap.

BP and Royal Dutch Shell have reported massive increases in profits for the first three months of this year on the back of rocketing petrol prices, which are expected to hit £5 a gallon today.

BP’s pre-tax profits rose 48 per cent in the first quarter to $6.6 billion (£3.3 billion) while Shell increased its profits 12 per cent to a record $7.8 billion (£3.9 billion).

Hearings? Anyone? Oh, wait. BP and Shell aren’t scary shouting black men, so they’re not newsworthy.

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  • MajinMal

    Brilliant.Jack the price up just because it’s something that everyone HAS to buy in one form or another.After OPEC announced that the demand for oil was being met and they could increase supply at any time I started wondering why Gasoline and oil were still increasing in price.The sad part is that Americans and the British will NEVER protest something as important as this. They would rather pay the money than actually have to become involved with something not self-centered.When I had my first car it cost me $9.25 to fill the tank. Now my GF has a car which is VERY similar (a model 1 year off) and it costs her $34.00. That’s a compact.I can only imagine the hefty bills that some of these soccer moms that drive minivans which get 17MPG are racking up.But it’s ok. They can buy a hybrid (which is already obsolete) and get 30MPG! Take THAT oil company’s!