Shell caught red handed profiteering from high gas prices.

KimYeovil

What are their profits? Any complainants actually know the figures?

kjsmith7

KimYeovil wrote: »

What are their profits? Any complainants actually know the figures?

I'm struggling to understand if this is about oil or gas? I know Shell supply petrol/oil, do they provide gas as well?

Cardew

kjsmith7 wrote: »

Whilst I agree with points of what you say, should our objective now not to become less reliant on gas and oil? Perhaps the 'biofuel' tech, but I've heard that may not be as good as first thought. I'm constantly getting told about hydrogen-fuelled cars (which supposedly will cost a lot to develop, and there is obviously lots of objections from the Oil nations) ...?

Why would the oil producing nations object?

The advantage of Hydrogen filled cars is that they produce no CO2 emissions. However the Hydrogen is only a carrier of energy. That energy has still to be generated from the same sources as we derive all our energy - mainly fossil fuels.

reactor_3

kjsmith7 wrote: »

I'm struggling to understand if this is about oil or gas? I know Shell supply petrol/oil, do they provide gas as well?

Oh yes they do gas as well lots of it.

They like to keep quite about that thought they don't want people asking
why they are making massive profits from it whilst the company has money to burn and the directors enjoy enormous salary and perks and is struggling to find ways to hide it profits, whilst OAP and the like are freezing to death in the UK in the 21 century.
No questions about that please.

mech_2

Shell doesn't set the oil price. Or the gas price. Its profits are a windfall. And surely it proves what the utilities were saying about high energy costs, despite the consensus among the whinging classes that that higher bills were due solely to the 'Big 6' pocketing wads of cash.

I seem to remember that North Sea oil and gas fields are taxed at 50% to 75% anyway, so a large chunk of the proceeds from high energy prices ends up in the public purse (or at least helping to reduce the national debt).

reactor_3

Cardew wrote: »

Why would the oil producing nations object?

The advantage of Hydrogen filled cars is that they produce no CO2 emissions. However the Hydrogen is only a carrier of energy. That energy has still to be generated from the same sources as we derive all our energy - mainly fossil fuels.

Oh and don't forget those shedloads of CO2 produced generating the hydrogen from fossil fuels.
Infact I think it is reasonabe to assume that a car powered by hydrogen will produce more C02 per unit power than one fuel by petrol or diesel :eek:
So not much milage for the carboon reduction lobby there!!:rotfl:

But keep quite about that :silenced:
Customer: "So this car produces no carbon great, I'am a green. :j"

Hydrogen car sales man: "Well actually it produced more carbon than a conventional car - but midnight blue is a lovely colour isn't it? And of course you will be getting power assisted steering and alloy wheels at no extra cost, well apart from the extra carbon costs involved in their production and operation of course ."

reactor_3

mech wrote: »

Shell doesn't set the oil price. Or the gas price. Its profits are a windfall. And surely it proves what the utilities were saying about high energy costs, despite the consensus among the whinging classes that that higher bills were due solely to the 'Big 6' pocketing wads of cash.

I seem to remember that North Sea oil and gas fields are taxed at 50% to 75% anyway, so a large chunk of the money from high prices ends up in the public purse (or at least helping to reduce the national debt).

There is no real price transparancy in the gas market, the only people who really know if they are ripping us off are them, and let's face is they would not let on if that were the case anyway.

The big six don't give a toss what they have to pay for gas, they know we have to buy it anyway, their main work is hiding their costs and pretending they bough all their gas at the peak price, which is not the case.

The fact is gas can be supplied at a much lower cost and they could still make a reasonable profit, they should be forced to supply the UK consumer at that price. They can sell off the excess to other nations.

They are profiting by fixing their prices at that set by the cartel, in the case of
gas they are charging more than the cartel because they can control the supply of gas to the UK.

I have seen the smug tanned faces of the gas company bosses on TV.

I was also informed by someone working as an oil salesman for BP that they were told "Never compete on price."

So there is the proof of the obvious.

mech_2

reactor wrote: »

There is no real price transparancy in the gas market, the only people who really know if they are ripping us off are them, and let's face is they would not let on if that were the case anyway.

Nonsense. When they publish their results, we see how much profit they were taking.

The big six don't give a toss what they have to pay for gas, they know we have to buy it anyway, their main work is hiding their costs and pretending they bough all their gas at the peak price, which is not the case.

The topic of conversation is Shell, not the Big Six.

The fact is gas can be supplied at a much lower cost and they could still make a reasonable profit, they should be forced to supply the UK consumer at that price. They can sell off the excess to other nations.

Shell does not sell gas directly to domestic consumers. There is no excess: The UK is now a net importer of gas. Is there any statement you ever make that isn't either wrong or irrelevant?

They are profiting by fixing their prices at that set by the cartel, in the case of
gas they are charging more than the cartel because they can control the supply of gas to the UK.

This part is just incoherent.

I have seen the smug tanned faces of the gas company bosses on TV.

I was also informed by someone working as an oil salesman for BP that they were told "Never compete on price."

So there is the proof of the obvious.

They can't compete on price because they don't set the price. There's a range of oil prices for different oil, but they all go up and down together. The marketplace as a whole sets the global prices of oil. Buyers bid against each other. That's why the prices vary from day to day. Don't tell me you don't understand that?