Shell defends decision to buy discounted oil from Russia

[luv2fly]

Shell defends decision to buy discounted oil from Russia
MAR 6 2022 4:35 AM EST
Matt Clinch

Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedicated to humanitarian aid for Ukraine.

On Friday, Shell purchased 100,000 metric tons of flagship Urals crude from Russia. It was reportedly bought at a record discount, with many firms shunning Russian oil due to Moscow’s unprovoked invasion of its neighbor. The purchase did not violate any Western sanctions.

Shell said in a statement late Saturday that it had been in “intense talks with governments and continue to follow their guidance around this issue of security of supply, and are acutely aware we have to navigate this dilemma with the utmost care.”

“We didn’t take this decision lightly and we understand the strength of feeling around it,” the statement read.

More at

https://www.cnbc.com/2022/03/06/shell-defends-decision-to-buy-discounted-oil-from-russia.html

[underpants]

1. Damn I just got a Shell card - 30/gallon saving until June.

[Beachnutt]

2. How about passing the discount along

to consumers..

[dugog55]

4. Sure, Shell got the oil at a bargain basement price,

and can distill it into $4.05 gallon of gas. Once again, capitalism at its finest. Anything to make more money, regardless of who it hurts, or in this case who it helps.

[Scrivener7]

5. I'll never buy from them again.

[milestogo]

6. Fuck shell. Do not buy gas from them.

[Lancero]

7. Russia thanks Shell for helping to fund their war effort.

As they do any company and nation that continues to purchase their gas and oil.

[Yo_Mama_Been_Loggin]

8. I generally don't buy gas from them

I have less reason to now.

[LizBeth]

9. Are they giving the customer that discounted cost?

[lagomorph777]

10. No Shell gas for me!

Yesterday I returned a salmon at Costco after discovering it came from Russia.

[Bucky]

11. "Dear Shell: Спасибо -- XXXOOO, Vlad"

(Spasibo means ''thank you", btw)

[nini]

12. I believe they took the wrong side during Apartheid too

I don't remember if they ever pulled out of South Africa or not, but remember they were one of the holdouts for a long time.

[jmowreader]

13. Record discount?

There are two ways you can approach this.

If the discount still put the price high enough to bring the Russians a profit…screw Shell.

If the discount dropped the price to the point the Russians lost money on the deal…fantastic.

[Iggo]

14. You're still funding Russia's invasion, Shell.

Last edited Mon Mar 7, 2022, 10:28 PM - Edit history (1)

Fuck right the fuck off.

[Bettie]

15. Does anyone actually believe that

they will
A. pass the discount on to consumers? They won't.

B. Actually donate anything to any aid fund without knowing that they will get even more back from the government in the form of corporate welfare? They won't.