its are concerned!
Shell make $ 11.6 Billion profit-not bad, eh !
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Posting Guru
Joined: Apr 2008
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From: Winnipeg
Shell make $ 11.6 Billion profit-not bad, eh !
reportonbusiness.com: Shell posts $11.6-billion second-quarter profit
Exxon/Mobile didn't do as well as Shell in the second quarter, they made 11 Billion in profit, which pales in comparison to Shell's 11.6 Billion for the same quarter.
Note to Financial Counselor, invest more in oil and gas stocks, move investment out of GM/Ford/Chrysler/ Toyota stocks.
Exxon/Mobile didn't do as well as Shell in the second quarter, they made 11 Billion in profit, which pales in comparison to Shell's 11.6 Billion for the same quarter.
Note to Financial Counselor, invest more in oil and gas stocks, move investment out of GM/Ford/Chrysler/ Toyota stocks.
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Joined: Aug 2006
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From: Yorkton Sask
sure... pull all your money out of ford shares and they'll be sure to go **** up... 
i say buy 'em up!! help the poor suckers out!!
as for this multi billion dollar profit...you all know where i stand on that, we all know why our butts hurt...lets see a rebate system like the Co-op's do. better yet, slash the fuel price in half where it should be. did you know that at the current economy level, wages/material costs, etc., oil companies can pull oil from the ground and sell it for 30.00/barrel and still be cleaning nice profits??
heck if i was an oil company i'd be embarrased to show this kind of profits, knowing that you've just wrecked the worlds economy in the past year!!
i say buy 'em up!! help the poor suckers out!!as for this multi billion dollar profit...you all know where i stand on that, we all know why our butts hurt...lets see a rebate system like the Co-op's do. better yet, slash the fuel price in half where it should be. did you know that at the current economy level, wages/material costs, etc., oil companies can pull oil from the ground and sell it for 30.00/barrel and still be cleaning nice profits??
heck if i was an oil company i'd be embarrased to show this kind of profits, knowing that you've just wrecked the worlds economy in the past year!!
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The only place in the world where lift costs are below $30/BBl is the OPEC countries. Texas is about $50/bbl now, The big oilsands projects in Fort Mac production costs about $70/bbl. Boone Pickens says that North America should convert to natural gas for transport fuel to stop the export of wealth offshore. I agree with him on that point.
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I remember when i was working derrick oil spiked to $35/bbl. We couldn't move iron fast enough. Amazing the difference 15 years makes.
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