LamieRobertson
Not awoke
Slight adjustment.
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[Finance] Shell and Centrica post profits totalling £11bn as households struggle with bills
- Thread starter Stat Brother
- Start date
LamieRobertson
Not awoke
Erm …probably
It probably would
Entire ? Probably not…..you could still get eggs from your own chickens and sell any you don’t want
Most of it ? Absolutely. Almost no transport….no plastics…almost no energy……
- Jul 10, 2003
- 25,844
Then we probably deserve everything we get
I don’t understand your comment. Enlighten me as to how the economy would function without oil.Then we probably deserve everything we get
Justice
Dangerous Idiot
This pre payment meter thing on the news isn’t a new thing they have been doing it for years. Bare faced liars.
Doonhamer7
Well-known member
- Jun 17, 2016
- 1,284
Unfortunately, it might not collapse but it would take serious damage.
Remember Shell and BP make most of their money from non-UK investments, so there is very little exposed to North Sea Windfall taxes But does impact FTSE based investments. What we need is their investment into British R&D / engineering companies to get us ahead of the new energy models (whether renewables, ammonia, hydrogen). If we don’t the investment by say the likes of Aramco / SOCAR could see that IP go elsewhere. The amount Big Oil invests in new projects is phenomenal and has huge risks with it - and it is a huge part of the UK economy. most people think oil&gas = Aberdeen and this isn’t totally true the likes of Wood (incl the old Amex Foster Wheeler), KBR (Kellogg Brown & Root), Fluor, Worley, Acer, Bechtel, Technip are huge employers all based in / around London of well paid professional engineers etc in the UK who earn good money and pay taxes which = paying for the NHS.
Centrica is different as every knows it owns British Gas (the supplier of gas) - what it doesn’t own was most of the oil and gas fields around the globe as they went to BG Group when the original British Gas split in two, BG group was subsequently bought by Shell.
Horses Arse
Well-known member
Free market enterprise innit. Long live Maggie. Or is she rotting in hell, sure I danced on her grave.
Kalimantan Gull
Well-known member
What are you talking about? The reason we wouldn't have oil in this scenario is because we've found sustainable alternatives.
Kalimantan Gull
Well-known member
Other things would take its place. The only reason pension funds etc invest in oil is because its profitable. If renewables and so on mean we have no use for oil in future, they would invest elsewhere. Its not bringing the economy down is it.
That’s capitalism!