01 August 2008

"Recession? We don't see no stinking recession!"

If you were an energy company yesterday was a very good day indeed! British Gas announced first half profits of just under £1 billion and then stuck up two fingers at the British consumer by announcing a 35% price hike. Then Royal Dutch Shell said "hey - things are OK by us" and ExxonMobil, well what can one say about ExxonMobil.

Clearly all of these companies much have exemplary management teams to manage to do so well when times are so difficult economically!

1 comment:

SBVOR said...

The data say:
No recession.