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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 5401 times)

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AGelbert

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    • Renwable Revolution
Oil Majors' $60 Billion Cuts Don't Go Far Enough as Crude Slides  ;D
Quote

Each $1 change in the price of Brent affects Shellís pretax profit by about $330 million, while for BP the impact is $300 million, according to data from the companies. Chevronís cash flow would be hit by as much as $350 million.  ;D   Of the three, BP pumps the most crude.

http://finance.yahoo.com/news/oil-majors-60-billion-cuts-101726593.html
But that on the good ground are they, which in an honest and good heart,
having heard the word, keep it, and bring forth fruit with patience. -- Luke 8:15

 

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