Tuesday 10 February 2009

well oil be dammed

The joke of the day is the oil industry jumping on the poverty bandwagon.
For an industry who over the years has made the biggest profits of all, there is no excuse to to plead poverty at this early stage because even though the price of oil is down to around one third compared to last summer they will still rake in huge profits in the coming year, and one thing IS for sure the price will rise dramatically again as soon as the economy shows signs of improvement.
Granted they need big profits to further exploration but it will take a lot more than the current crisis to bring the oil industry to its knees.

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