Shrewd Mammal

Posts Tagged ‘profiteering

BP Announce massive profit… rank profiteering

Are we really surprised? I am not a fan of windfall taxes per se but when we see the gross and frankly obscene profits generated through the hardships of working people, well something has to be done.

The big oil companies control the Oil market and are therefore the ones who have forced the raise in prices. We will see the prices drop but the will stay above £1.00 a litre so, these oil companies can rake in more profit and we will forget how they have pocketed so much money because we will be *relieved* that the price has dropped from a high of £1.16ppl of unleaded.

The sooner we find an alternative to oil the better. How in the name of all that is Holy can we sit back and allow this to happen? Where ever did our backbone go? Where ever did our disdain for extortion, profiteering and pure greed go?

This is the price we pay for allowing the wholesale abrogation of responsibilities by UK companies, for allowing shareholder short term gain to be the governing principle of what is now the thin end of the capitalist wedge. I am a capitalist but I also see the need to protect the well being of the people of any country. The extortion that we have and continue to suffer at the hands of multi-national companies who have a virtual monopoly on a critical resource is a shameful example of our failure to keep focused on what is important.

People of the world…what David Beckham, Britney Spears or any other celebrity does is NOT important!

Remain vigilant and be prepared to step up to the mark…how much is too much???

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Today I drove past my local supermarket (Black and yellow logo, Northern in origin…know the one?) and I noticed that Unleaded was 114.5ppl. Now, last time I checked the price of a barrel of oil (This morning) was $1.34 per barrel, DOWN from a high last week of what, $1.40?

So why have the prices at the pump not come down as a reflection of this drop? Forecourts are very quick (some say TOO quick because Petrol Retailers and Companies like Shell FUTURE their oil purchases – that’s right they agree a price for 6 months into the future!!) to rise on fears of whatever might impact supply, a war, some Saudi Prince sneezing whilst eating his cornflakes, the entrails of a chicken not augering well, whatever. And yet, when the price goes down we see even more DESPICABLE profiteering from these companies. If the price rises in line with wild excuses, it come come down with equal speed.

Now why doesnt our government do anythinga bout this? Simple, GREED. The Exchequer is raking it in, so much so that it is rapidly filling the large hole in it’s finances so why should it? The retailers are making loads of money…even more for every hour that they avoid putting the prices down.

The Media NEVER make as much play about the fact of the price going down as they do when it goes up and they NEVER take the retailers to task over this.

I am sick of this state of affairs….but what can we do????

Use this site..http://www.petrolprices.com/

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