Posted on 03/08/2022 7:49:50 AM PST by conservative98
Oil giant Shell apologized on Tuesday for its purchase of Russian crude oil last week and announced it will withdraw from involvement in all Russian hydrocarbons due to the country's invasion of Ukraine.
"We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel – despite being made with security of supplies at the forefront of our thinking – was not the right one and we are sorry," Shell CEO Ben van Beurden said in a statement.
The company said it will also shut its service stations, aviation fuels and lubricants operations in Russia.
(Excerpt) Read more at foxbusiness.com ...
It’s the Feds leaning on them, making them change course and apologize. That Shell story hit and everybody moved on, it’s not like there was a coordinated boycott effort on the part of people or anything.
Fed probably let them know inspections on their plants would increase, they’d find things, shut them down, etc.
The price of fuel will jump again. I’m afraid 5$ a gallon is not it.
Cows milk now 4.50 is following suit.
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