We are told that the energy companies are only passing on the energy costs of the industry.?

Question

If this is indeed true than you should be showing profits as static but your profits are souring, you've never had It so good in the words of Harold McMillan. And so It would seem , you are stealing from the poor to give to the rich.

Answer 1

I agree with you. I think it is the same with most things. The sellers use the excuse of rising costs for them but their costs rise by a fraction of what they add on to customer charges.

Answer 2

The end-to-end suppliers (from well to wall-socket, like Gas de France, or well to forecourt, like BP and Shell) have huge profits. The boutiques, who have to buy their energy on the traded markets then sell on to customers, are making naff all profit. That's companies who specialise in, say, renewable electricity. The price that Shell will sell gas for to you is set by the price that they could get elsewhere for the same gas - like in the traded markets. The traded markets are bouyant right now because of the emergence of a new insatiable customer - China.

One good thing: these huge energy prices ARE causing people to save energy and invest in new technology. It might not be so obvious to the man in the street but industrial energy consumers are doing more to reduce than they ever did before. That has a (slight) damping effect on prices.

But right now, oil production is (just about) keeping pace with consumption. In about five years we hit peak oil, when production worldwide starts to go down, while demand just keeps rising. If you think it's expensive now, you ain't seen nothing yet

Answer 3

Energy companies in the United States do not control the price of crude oil. Oil is a world wide commodity used everywhere and produced in many locations. The U.S. imports most of the oil we use.

U.S. companies are making larger profits on the oil they sell but they are not the reason prices have risen. Look to the increased demand in China and risk premiums because of world tensions right now.

Answer 4

With this administration as crooked as this one is, how and why do you think big business should have morals. This is only an extention of the greedy and dishonest regime in the White House.

Ya, Clinton may have lied about a few B___jobs but atleast he kept big business in check. The fact of the matter, big business will screw the American public every chance they get especially if the administration backs them up.

Answer 5

British gas have been making a loss selling gas to domestic customers.

Shell have been making massive profits on the back of the excuses for price hikes.


Some people shaft you, some people don't.
This makes slinging your indignant bile much harder work, and offers some camouflage to the lowlife scum out there.

Such is the way of the world.

Answer 6

That is what happens when you have the fox in charge of the hen house. Nothing will be done as Bush and his family are invested in oil and they are enriching themselves over the lives of our service people and the Iraqi's. It really is all his fault he created instability in the mid east for no reason other then to get him and his richer.

Answer 7

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Answer 8

And Clinton did not have sex with her

Answer 9

i agree

Answer 10

well duuuuh!