In case you saw this and thought it was interesting that it could just be windfall from the oil price increases earlier in the year I would urge you to think again. Now that we are reaching the point when the limited resource of oil is getting to the point where we will soon have extracted more than half of total reserves [that is an absolute total] and world demand is still rising, expect to see oil companies raking it in over the next 20 years,. In fact I imaging that their plans for peak oil are precisley to milk the dwindling supply [against demand] for all the profit they can. -All the more reason for us to push renewables, don't you think?
The Observer | Business | Shell to make history with $18bn profit
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