Another Record Profit Announced by an Oil Company

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Royal Dutch Shell's total profits for last year were $31 billion, a jump of 23 percent from last year. The record profits of $75 million a day, according to Britain's Daily Mail, are based, on prices per barrel that touched $100 this winter. The CEO called the results "satisfactory," but some British labor leaders are calling for a windfall profits tax. Juli Niemann, oil and gas analyst with Smith, Morre and Company in St. Louis, Missouri, is co-author of The Complete Idiots Guide to the Politics of Oil.




Warren Olney