Comments on: Stupid, Stupid Bastards

By: Mr Potarto

Mr Potarto — Sat, 02 Aug 2008 14:13:04 +0000

Jask,

Shell turned-over $131 billion last quarter and made $12 billion, that’s 9%. How is s 9% profit margin ‘huge’?

Of that 9%, no more than a third is paid out to the owners, the rest will be re-invested on exploration, so in the layman’s definition, profit is just 3%.

It took ten minutes to find this out, Tony Woodley must a really busy man.

By: cityunslicker

cityunslicker — Fri, 01 Aug 2008 14:48:57 +0000

by personal knowledge Nick Luff, the FD of centrica is a top person, highly intelligent and very moral.

Very likely to tell it how it is.

By: Serf

Serf — Fri, 01 Aug 2008 13:15:08 +0000

Kay Tie

They could call it Scotland.

By: Zorro

Zorro — Fri, 01 Aug 2008 10:48:05 +0000

Kay Tie,

I think all the Labour supporters left would fit on the Isle of Wight! Sound like a plan?

By: Jask

Jask — Fri, 01 Aug 2008 08:58:32 +0000

I read somewhere that part of the reason for these huge profits is that these companies were given (for free) carbon trading certificates and yet still priced into consumer bills the value of them as though they’d had to buy them on the open market. If that were true then it is (at least partly) a genuine windfall and a case could be made to claw that value back. I don’t know if this is actually correct, perhaps someone has the figures?

By: Are they stupid, stupid bastards? « Letters From A Tory

Are they stupid, stupid bastards? « Letters From A Tory — Fri, 01 Aug 2008 08:28:06 +0000

[...] had no doubt that you would be flying the ‘Do not even think about a windfall tax on energy companies’ flag when I heard the news yesterday about the supposed outrage at Centrica’s £2 billion. [...]

By: Kay Tie

Kay Tie — Fri, 01 Aug 2008 07:45:05 +0000

I think we should split the country in two: one half of it run by Tony Woodley. Polly can go and live there too. They can put their thoughtful policies into action while we put up the borders so that they can’t come back.

Think Manhattan in “Escape from New York”.