Total low on cash - Declares fuel shortage
21/09/09 15:01 Filed in: Personal
As predictable as a Government that spends to much needs to tax to much, so an oil company that finds itself low of coffers openly suggests a reason for the price of fuel to increase.
It's no surprise that Christophe de Margerie should be declaring a crisis, his company Total is currently trailing behind such giants as BP and Esso and could need a cash boost. So he's looking for a little hand out from the French Government perhaps. Or just the hope that the scare can justify a price hike to fill their wallets.
I'll not be surprised as fuel prices start heading north again.
It's no surprise that Christophe de Margerie should be declaring a crisis, his company Total is currently trailing behind such giants as BP and Esso and could need a cash boost. So he's looking for a little hand out from the French Government perhaps. Or just the hope that the scare can justify a price hike to fill their wallets.
I'll not be surprised as fuel prices start heading north again.