This seems fair enough:
Ron Webb, Unite\’s national officer, who said last week that food price rises and the spiralling cost of living should be reflected in the salaries, attacked Shell\’s "stratospheric profits".
Tony Woodley, the union\’s joint general secretary, described the level of profits in the oil industry as "obscene".
Oil companies are making big profits, ergo those who work for oil companies should get big pay rises.
Except, except, the oil companies (Shell among them) aren\’t making big profits on the forecourts. Distribution and petrol sales are a highly competititve (and thus low profit margin) business and I think I\’m right in saying that high crude prices compress profits even more in this area.
Where the oil companies are making large profits is in the drilling and pumping it out of the ground part and there, yes indeed, salaries are soaring as all the majors try to find more skilled engineers.
This justification by the union is rather like observing that farmers are making money now thus those who deliver potatoes for the supermarkets should get a pay rise.
Not really all that compelling, is it?