I’m sure we’ve read the recent announcement of Shell’s record-breaking £32bn pre-tax profits for 2022.
Inevitably there was outrage from the usual suspects, and rightly so. More so given that most of their profits was generated either directly or indirectly with the ongoing war in the Ukraine, oil embargos to Russia and the massive spike in energy prices throughout last year.
Wishy Washy’s Windfall Tax only generated roughly £110m from Shell’s profits, although that is expected to rise to around £420m this year. The £110m tax compares quite poorly to the EU’s equivalent tax on Shell of £430m for 2022.
Opposition parties, unions, poverty groups and eco-loons want the Windfall tax threshold increased not only for Shell but other Big Oil companies that announce record profits of a similar nature.
Shell also issued dividends to shareholders of some £5.1bn on the back of those profits, some of which went towards topping up private investment portfolios and private pensions. But again critics argued how ethical it is for private investors in Big Oil to profit while millions of households struggle with energy and food bills, along with thousands of Ukrainian and Russian people dying in the conflict..
The only good thing about Shell, is that last year they moved their HQ from the Netherlands to London. Not that it got much media attention probably because it would have bolstered support for the Brexit argument.
The Big Oil companies are indeed cunts for profiting on global conflicts. But that’s business and the basic concept of supply and demand.
The windfall tax as it currently stands is just a piss in a vast ocean and does little or nothing to either relieve some of the pain millions of ordinary people are going through, or boosting the Treasury’s coffers to help pay our crippling debts.
Nominated by: Technocunt
That is politicians all over, grabbing, grasping cunts.
Look we have some extra money, let’s just squander it. Plenty more where that come from.
Utter vermin.
Back to my Belgium ipa..
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A small % of oil co profits are made in the UK so taxing is problematic. And we have discouraged investment in oil because we want to be green. Worked well didnt it? Meanwhile the Chinese are cutting back the steel plant in Scunny. Again being priced out so that we can be green. We will be as green as fuck when all steel is made in China. Coal fired, but then theses emissions stay in China dont they?
But never mind. Drax burns wood chips. Grown and processed in North America,shipped by land and sea using unicorn tear fuel. But the CO2 doesnt count because the wood is imported (I kid you not) And the extra particulates only blow over Yorkshire and Lincolnshire.
Aint net zero grand.
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Windfall taxes are not the answer.
The only thing that makes any sense is for the government to put a affordable price cap on the amount these companies are allowed to charge the consumer.
Why isn’t Ofgem doing this already?
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Because Ofgem is a toothless old Bassett hound, not a proper land shark of a Watchdog.
Besides, they’ve stopped enforced prepayment meter installation ( for now), so that’s enough to justify their existence for the next year.
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I should think every pension fund in the land has shares in Shell, mine included.
So Dick Ed Miliband and Dick Ed Davey think their profits are obscene. Those two fucking cunts can play to the gallery safe in the knowledge that their guaranteed, gold-plated pensions are paid by us mug taxpayers. They don’t need UK plc to keep turning a profit to pay them in old age. I fucking hate that pair of wankers.
Unkle Terry, fire up your oven.
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Spot on again Geordie.
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124 upticks?
And 119 for arfur’s response?
Who’s doing the counting, Diane Abbott?
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How about a windfall tax on the gas suppliers? or the worst, money grabbing fuckers of the lot, HMRC and the government?
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I had to laugh at Starmer’s comment the other day that he thought that companies would be happy to pay 25% Corporation Tax (up from 19% as from April 6th) in exchange for stable economic conditions. As it looks like Labour will form the next government economic conditions will be even less stable and Corporation Tax won’t stay at 25%.
I wonder how long Flabbott will last as Home Secretary.
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Taxes pulled out of thin air, or taxing people for no other reason than they have money, will just cause those people to stop what they’re doing and fuck off some place else.
They’re already taxed to high fuck, start addressing the issues that cause us all to pay tax towards something we have no empathy with:
The long term unemployed, Illegal immigrants, legal immigrants, ridiculous schemes in the name of diversity, lgbtxyz+, NHS gender reassignment, etc, etc.
They always flog the willing horse.
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The Big Oil Company is the Government.
For doing absolutely fuck all they tax the consumers tens of billions of pounds every year for using a product supplied by the oil companies.
Fuel would only cost half of the price it does now if the government did not take its enormous and unfair percentage.
And that percentage seems to rise year after year.
It’s exactly the same as calling the tobacco companies ‘Tobacco Giants’.
Their profits are insignificant to the tax imposed on their products by the government.
It can’t be easy running a company where your prices are constantly being raised and out of your control.
You can’t blame the owners of these companies for thinking, “Fuck this. It’s our company and we want a share of the pie”.
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I think the principal reason that forecourt prices remain so high is that distributors have seen people accepting high prices, to keep their fuel tanks full, with the blame for this laid on Putin, and now oil prices are falling they have decided to keep prices stoked up to bolster their profits. Until we hit back with some 2000 style fuel protests this will continue.
Supermarkets, and big fuel outlets, are taking around 20p/litre more margin now than they were pre-“crisis”. It’s not just “Big Oil” taking the p1ss here.
To be fair though the lion’s share of a £1.60/litre pump price remains with our thieving Government (£.80p tax out of that example price / 50%!)
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The price of fuel has dropped though, although I’d agree that the price is still higher than would appear justified.
The price of energy hasn’t, even though the cost to create it has dropped.
I’d say that energy companies are just as bad, Mikdys.
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Competition, from supermarkets, has disappeared otherwise retail prices would self regulate to an extent. Taxes are inescapable though.
As for the energy market the way it is structured is totally fucked up. When “renewables” can’t provide enough power “additional supplies” are brought in at a much higher unit price. Fair enough you might say but that high unit price is then paid out across the piece jacking up the price of the rest of it too. Government again.
To say nothing of the massive subsidies paid to “renewables” on top of everything else. And it’s all self fulfilling (there will never be enough power because) the Government (again!) blew up all our coal powered generators ensuring “additional supplies” are always needed and that punters pay through the nose for their energy bills.
Have you also noticed you can’t even switch retail energy provider now? Ensuring there’s no competition even to save the odd penny or two.
Don’t worry though – Kier Starmer will fix it all (🙄)
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This is how ridiculous things are……
The government take a huge percentage of the price charged for fuel while the fuel producing companies have all the expenses of running their businesses.
The amount of tax and duty taken by the government is staggering.
The government then try and discourage people from using a product that they are earning so much money from.
It’s chronic incompetence.
Take 90% of the price of a packet of cigarettes in tax and duty and then campaign and discriminate against smokers.
Yep…. That’s the way to manage your finances.
Cunts.
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Which is how the Indian Sunak came to be appointed Prime Minister.
A fucking bean counter who has no idea about the ordinary British person, Or the country itself for that matter.
His ability to make sound judgement on foreign policy is embarrassing.
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Your last paragraph puts it all in a nutshell; However who do you think ACTUALLY ends up paying this “windfall tax”? The answer of course, is US, the customer, the end of the Ponzi line. Meanwhile the Blairites posing as conservatives pat eachother on the back about how they “stuck it to the energy companies” hoping that we won’t twig as to what it really means.
In the case of loss making EDF, currently over €65 BILLION Euros in debt, are considering shutting both Heysham and Hartlepool Nukes due to that “windfall tax”, the “green” scam levies and hiked corporation taxes making them unviable, despite their being genuinely low carbon producers.
Blaming the energy companies is a red herring, the real cunts are our scientifically illiterate politicians and the vociferous green blob who have no real concept of what the NetZeroGrossStupidity really means; poverty, shortages and economic devastation making us dependent on the likes of China while pretending that we’re “reducing our carbon footprint”. Cunts…..
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Perhaps if successive governments hadn’t run our energy infrastructure into the ground all to save some money they could then efficiently piss away on some other garbage we wouldn’t need idiotic windfall taxes?
Who knows?
Anyway running scared from fossil fuels to appease a load of bedwetting fuckwits is a cunts trick,which our leaders are world class at.
Stick your windmill up your arse.
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If groups like Insulation Revolution and Just Stop Oil were about insulating the UK borders from insidious invasion, and stopping oil companies ripping the public off in collusion with the government, then I’d be first to support them.
They are, however, useful distractions for the sleight of hand being carried out here. Look, nothing up my left sleeve!
No, it’s all in your fucking wallet, that’s why!
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No-one cares if people can’t afford to heat their homes, as long as the executives and the shareholders are raking it in like never before.
Remind me again which party is in power. Oh yeah, that’s right.
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Pre tax profits of 32 billion.
Well that’s about 6 billion going to the government then, and that’s on top of the duty already imposed.
I don’t believe that there is an alliance between the government and oil producing companies.
I think that these companies are forced to accept a ‘partner’.
Unfortunately this partner neither knows or cares about how the company operates.
It’s like having to employ a greedy Chuckle Brother.
He gets paid about half of the turnover of the company but only comes in to work a few days a year to hike up the product price so he can earn more money.
For the rest of the year he actively campaigns against people using your product.
You can’t sack the cunt.
If the oil companies were not producing a product that was so vitality needed they would be bankrupt within a month.
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Big Oil, Big Gas provide us with energy, at the market price, no one seems to be remembering when they were giving oil away free during Covid, not that I am on their side.
There is already a windfall tax on top of the already higher corporation tax, but why is it that the wind generators get the same Buck for making electricity as the gas producers, it seems they are profiteering just as much as anyone else.
Burn coal to get our remaining coal power stations running flat out, maximise the output from Nuclear, add in the wind and solar use virtually no gas and electricity should be a lot cheaper.
It is our government policy to go green, when the wind doesn’t blow use gas, fucking cunts are ripping us off!
I can save some money
Cut benefits for the bone idle
Slash the overseas aid to zero
Kick out all the fucking migrant scum.
The energy price guarantee can now go, the next Ofgem cap is very likely to be less that the price guarantee.
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You missed out slash politicians wages and cease their ‘expenses’.
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🎶 Like a spiral in a circle, like a wheel within a wheel
Never ending or beginning on an ever spinning reel
As the images unwind, like the circles that you find………
In the windmills of your mind 🎶
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We need to start fracking.
Open up the coal mines
Dig in the North Sea
Stop net zero
Stop this shite about renewables: they are not sustainable.
There is no climate crisis. Climates ch: they always have and always will.
And as for Suck My Dick Khunt,son a bus driver, if I want to burn wood I fucking will,you midget carpet kissing camel shagger.
He drives around in two armoured diesel range rovers. Should follow his dads example: ding! ding! Move down the bus ,please!
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bud bud ding ding
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