Business of the House

Part of the debate – in the House of Commons at 4:01 pm on 22nd November 1990.

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Photo of Mr Michael Colvin Mr Michael Colvin , Romsey and Waterside 4:01 pm, 22nd November 1990

Is my right hon. Friend aware of the concern felt by users of oil products about the possibility of oil companies making windfall profits out of the increases in oil prices as a result of the crisis in the Gulf? May we have an early opportunity to debate this, because evidence taken by the Select Committee on Energy this morning suggested that the oil companies are not making such windfall profits, although the countries producing the oil could be in receipt of considerable additional revenues which they would not have received had the crisis not taken place.