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HAVE YOUR SAY

SHOULD BP BE MADE TO CUT FUEL PRICES?

Greedy BP makes £555 a second

Wednesday July 30,2008

By Louise Barnett and John Ingham

Comment Speech Bubble Have your say(72)

PETROL companies faced growing demands to cut prices last night after the full scale of their profiteering from the soaring cost of crude oil emerged.

BP announced half-yearly profits of £6.75billion – with £4.3billion coming in the past three months alone.

That amounts to nearly £2million an hour or £555 a second. The three-month income was 56 per cent more than the same period of 2007.

BP’s £6.75billion profit alone would cover up to 25p a litre off petrol prices for more than a year, said one industry analyst.

With other oil companies expected to reveal similar profits in the next few days, there was growing clamour for the Government to impose a windfall tax on the industry.

The calls were echoed by hundreds of thousands who backed a successful Daily Express crusade earlier this year for the Government to scrap a planned 2p rise in fuel duty proposed for October.

But research has shown that a fuel tax cut of 14p a litre could be supported by the Treasury’s own windfall from North Sea oil tax revenue – and the Daily Express crusade is continuing.

* Do YOU think BP should be made to cut fuel prices?

* Is the greedy petrol giant PICKING THE POCKETS OF THE POOR?

*** HAVE YOUR SAY NOW! ***

PORKPIES

11.08.08, 2:11am

Well said!

We need to sort out OUR people before anyone else.

Stop giving money away to all of the other countries, then OUR people may be able to get some extra money towards the soaring bills.

Re the petrol prices at the pumps, it is the greedy swines in Government who gets the lions share.

It is about time they stopping milking this particular cash cow.

• Posted by: SandieL • Report Comment

BP

03.08.08, 10:58pm

Why can't we accept that the country is broke we have to wake up to that fact and stop letting outside influencies call the tune, stop giving money to all and sundry.
Stand up and be counted - get out of the EU, kick everyone out who shouldn't be here and then we should have enough to go round and maybe out old people will not have to choose either food or heat.

• Posted by: porkpies • Report Comment

AH

03.08.08, 10:45pm

Keeping on topic.

The mating call of the loser. If you can't handle the fact that conversation evolves and develops then don't have one.

Simply chide yourself with birch-twigs and pleasure yourself over the socialism that knows no wrong.

• Posted by: ruhe03 • Report Comment

SHOULD BP BE MADE TO CUT FUEL PRICES?

03.08.08, 10:44pm

I don't think its bp - its the government and their taxes lets get it straight. They are trying to bleed dry the common man in this country by taxing them to death and giving all our money (coz they don't have any of their own) away to any country who asks for some, and we keep voting them in!!!

• Posted by: porkpies • Report Comment

I WOULDN'T KNOW A FREE MARKET IF I SAW ONE.

03.08.08, 6:06pm

LeFinDuMonde, living in a free market system? It would seem that you wouldn't recognise a free market even if it kicked you in a tender place.
There are only six companies dominating the sale of Power and Energy in the world and you think you are getting a square deal???
And if you had looked at my profile, you would have seen that I did spend some years working in the oil Industry. You think what you like, but I can assure you, these people and the politicians are giving you the Big Shake Down.
You come from Colchester I see, have you had a look at the proposals from the Boundary Committee for England? Now tell me that is a free market system when the only input from the people of the East will be the fact that all the politics and Officials who enforce them, will be demanding BIG BIG Tax rises. And why is it only England??
I have had meetings with some of the Elected members of the County of Norfolk and I have had help from one or two Officials, but it is Westminster and Brussels pulling all the strings. Your only chance is to remove their power by removing the power to raise Taxation.
By the way, last Friday, the 1st. of August, the Bank of England would have dispatched the first of the two monthly payments to Brussels. Very few people know what the amount of money is. But at a guess it would have been around £800
or even £900,000,000. Every month, on the first of the month and again on the 19th. of the month
these payments are made. Now let me assure you, that just about everything we have been told about our contributions to Brussels, it is nothing more than eyewash. I have the papers before me
direct from the Treasury, dated 28th.July 2000.
But the only thing I can guarantee, is that anything you are told by Politics or the Treasury about money and Brussels, is going to be a Fairy Story. Enough for now.
Regards, ATFlynn, "Norfolk's Mutineer"

• Posted by: Watchkeeper • Report Comment

WATCHKEEPER

03.08.08, 4:22pm

this is a story about fuel prices, not a forum for you to have some wird anti-immigration rant. please keep your comments on topic.

we live in a free market system. if the oil companies want to raise prices, as long as they are not in collusion in doing it, i suppose they have a right to do so.

we have the right to buy from other companies, or look for other alternatives.

• Posted by: LeFinDuMonde • Report Comment