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How Long Would It Take You...

category dublin | anti-capitalism | feature author Saturday February 03, 2007 20:56author by Dublin Shell to Sea - Shell chun Sáile Report this post to the editors

your yearly earnings divided by €20,000,000,000 equals, what?

So why doesn't Shell have a big banner outside their office announcing that they are making record profits? Why don't they issue a press release saying that they are doing better than ever, and things are improving for their shareholders like never before? Why aren't they celebrating?

featured image
Shell Oil made €20,000,000,000 in 2006
On February 1st, Shell to Sea protesters in Dublin drew attention to just how much Shell are making by asking passers-by to calculate how long it would take for them to earn what Shell made last year.

Shell's profits don't include the amount of oil and gas reserves they own, or the huge amount of equipment and buildings they are leasing or that they own. This is money that they have after they have paid all the bills (although not the security costs at Bellanaboy- the taxpayer pays that), and everyone's salary. This is pure profit for their shareholders.

This year's figure - €20,000,000,000 - is deceptive because it hides the fact that the dollar is weak at the moment, and energy has to be traded in dollars (Saddam Hussein started to sell oil in euros a few years ago, and look what happened to him). Profits are way up this year.

The company never had it so good.

Related Links: Galway solidarity protest with Rossport   |   Vigil for Shell victims in Belfast   |   Shell to Sea banner display at Patrick's Bridge, Cork









 #   Title   Author   Date 
   There's another Great White in feeding frenzy !     TD    Mon Feb 05, 2007 03:31 
   More Anti-Shell Activity at Natural History Museum in England     lrt    Mon Feb 05, 2007 12:20 
   Yes indeed...     sanity    Tue Feb 06, 2007 03:49 
   Prootect and Survive     VIL    Tue Feb 06, 2007 15:09 
   I guess this will last about 20min before the propaganda at Indy kicks in.     len    Wed Feb 07, 2007 19:33 
   He comes across as a biased loon     R. Isible    Wed Feb 07, 2007 19:45 
   and shell to sea?     me    Wed Feb 07, 2007 21:19 


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