Oil, Power and Food Co’s PROFITEERING ?
Today both Shell and BP have announced record profits of some £3.9 Billion and £3.3 Billion Pounds for the first 3 months of 2008.
No doubt the big Power generators will announce similar massive profits in the coming months.
Tesco recently also announced massive profits.
The question to ask then is – Are the oil, power and food companies profiteering ? The press seem to print nothing but articles on the rising price of everything at the moment but the profits keep rolling in for the big companies.
I suppose the answer if you can afford it is to buy shares in these companies and share in the profits, but we can’t all afford that now can we? Where will it all end ? recession, riot ??