Gillian Ambrose

speaker

83 appearances 1 recordings 1 series first heard May 2026 last heard 7 May

Gillian Ambrose’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.

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Today in Focus · Outrage as oil giants profit billions from Iran war – The Latest · 7 May 2026 podcast

It does feel like these major profits are going to the big oil companies and people like you and I are having to foot the bill.

There's no getting away from the fact that an oil company makes more money when oil prices are high.

For a lot of people, it is entirely obvious the way forward should be more green energy.

I think there has been some disruption to oil companies.

It's easy to believe that they're having an easy ride and really enjoying this crisis.

But I think we have seen Shell, for example, one of its major gas plants in Qatar has been damaged quite severely by a drone attack.

That's going to cost hundreds of millions to repair, possibly take over a year.

So their production for the year is actually, for the quarter rather, is down by about 4%.

But the scale of the increases in the oil price that we've seen in the last few months is more than enough to offset that kind of dip in production.

So that's why we're seeing these better than expected profits from these companies.

A lot of it also comes down to the oil traders.

They're able to make the best of a bad situation, I suppose.

I think you've really hit the nail on the head there.

There's a lot of outrage because it does feel like these major profits are going to the big oil companies and people like you and I are having to foot the bill.

So there's people across the country having exactly the same experience at the petrol pumps at the moment.

We have an electric vehicle, which is great.

But, you know, even if you do, it's not enough to protect you from these price rises because so much of what we buy depends on the transport fuels that get products from A to B. So those costs will be filtering through for everybody, whether you've got a bashed up Polo or an EV.

Absolutely.

I think the jet fuel prices are really where we see the crisis manifesting for Europe particularly.

Those prices have climbed a lot more than the market price for oil.

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