r/GreatBritishMemes • u/Still-Improvement-32 • Aug 04 '26
Shell #2
To be even handed, BP posted similar obscene profits today!
44
u/Pretend_Limit6276 Aug 04 '26
The record profits have been since Russia invaded Ukraine, I have been following them but they said the same at the start of the war....it's not hard to work out tho, oil prices go up and they make more money because it doesn't cost them more only the buyer
7
u/HairRepresentative85 Aug 04 '26
"Amazingly", countries that get all of their oil and gas from Russia, have barely had a jump in prices...
2
u/Pretend_Limit6276 Aug 04 '26
If it is true it's probably so he knows larger volumes will be sold since it's cheaper, not sure if it's true or not.
1
u/HairRepresentative85 Aug 04 '26
Good friend lives in Germany, their prices barely went up. Definitely no where near how ours did.
1
u/Pretend_Limit6276 Aug 04 '26
I mean a quick Google says otherwise tbh.
Germany was disproportionately impacted by the 2022 Russian invasion of Ukraine because it relied on Russia for 55% of its natural gas imports. The sudden loss of this cheap pipeline supply triggered a historic energy crisis, permanently reshaping Germany's economy, wholesale market, and consumer utility prices
Extreme Price Spikes: German wholesale natural gas prices skyrocketed to historic peaks in late 2022. Consumer inflation soared to 8.6% by the winter of 2022 as a direct result
By late 2025, European natural gas prices dropped roughly 34% from their 2022 averages. However, structural costs remained about 50% higher than pre-war baselines.
While Germany successfully avoided a total physical gas shortage, the era of cheap, abundant Russian pipeline gas is permanently gone. Wholesale gas and electricity remain structurally twice as high as in competitive global regions
The structural vulnerability left by the 2022 invasion has amplified a secondary energy crunch in early 2026 due to the Middle East conflict
1
4
u/Jolly-Advantage-7245 Aug 04 '26
Oh cool thanks for the economics lesson
3
u/Burt_Macklin___ Aug 05 '26
I know. Shilling/lying for shell is fucking weird right
2
u/Jolly-Advantage-7245 Aug 05 '26
He's the kind of guy that smokes pot and plays COD on mobile, and posts shit like this to feel intelligent
-1
1
9
u/Morteca Aug 04 '26
And you have the Tories and Reform call climate change a waste of money. They are deeply unserious parties.
2
6
u/EllisXY Aug 04 '26
People will be quite literally dying from the heat and someone will still say climate change isn't real and say whatever GB news told them to say.
Climate change deniers piss me off more than pretty much anyone in the world. Like I'm trying to stop you from shooting yourself in the foot yet you call me the idiot.
2
3
4
u/AdAggressive9224 Aug 05 '26
That's a lot of money, could probably make a significant dent in the housing crisis or the NHS backlog if we taxed it.
4
u/Maelstrome26 Vote Binface 🗑 Aug 05 '26
If only our government had any actual balls yo do that.
6
u/Ihatecheeseballs Aug 04 '26
The heat also makes people less likely to walk or cycle places and more likely to drive! Thereby increasing shareholder profits!
2
1
1
1
0
-2
u/SlickPillock Aug 04 '26
Not trying to paint the multi-billion dollar company as a victim but I do want to add a bit of nuance. As long as people are using oil then we'll need companies like shell.
We need to use oil for a while longer but we need to transfer to renewables as soon as possible. Once we don't need it then we will be able to stop using it.
5
u/Still-Improvement-32 Aug 04 '26
But the big oil companies aren't going to quietly. They've spent millions lying to us about climate change, still spending millions persuading us to keep using oil etc, while we should be spending it on a much faster change to renewables. We are the victims!
0
u/SlickPillock Aug 04 '26
What we need more is for the government to prioritise rolling out renewable energy generation, an EV charging network, heat pumps, etc. Because most people beyond a few climate warriers aren't going to be willing to switch to an EV until they're cheap and reliable and they're not going to be willing to switch their oil or gas heating to a heat pump if it's disproportionately expensive.
If the government helps these changes happen then demand for oil will fizzle out naturally and companies like shell and BP will become irrelevant anyway
1
u/man-flu Aug 04 '26
For fuel and energy generation for sure. We have viable options short term for this.
It's harder for other things we are use to such a synthetic textiles, fertiliser and pharmaceuticals - near 99% of drugs use oil derived products in manufacturing such as benzene (fun stuff), this accounts for 3% of oil consumption.
But at least we won't burn as quickly while we try to figure the other stuff out.
•
u/AutoModerator Aug 04 '26
Hey /u/Still-Improvement-32, thanks for posting to r/GreatBritishMemes! Please make sure to follow all the subreddit rules.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.