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Post by Vinny on Dec 30, 2022 16:16:24 GMT
Because it would further raise the price which is to only effective way of reducing consumption. No, the effective way of reducing consumption of fossil fuels is by having a viable alternative. At the moment, governments haven't provided viable alternatives and neither has private industry.
You will not reduce consumption by increasing the cost to the motorist, you will simply impoverish the people who depend on their car and make the cost of living crisis even worse.
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Post by oracle75 on Dec 30, 2022 16:17:47 GMT
The losses suffered by a company are indeed taken into account by a reduction in year end taxation. This is easily done when a large company has parts which make a loss. This is replicated in the USA and exploited by Trump who sets his profits against his losses and ends up paying no tax. The lack of tax is essentially a refund on losses. But only at the standard Corporation tax rate and not at the enhanced Windfall tax rate. We demand these oil companies keep massive reserves for our benefit at their own expense but then play 'heads I win, tails you lose' with them. Morally bankrupt. Yes and no. I was widely reported not long ago that the UK has very little capacity to store gas, and oil has to be traded on the open market as does the stuff in the USA. This ensures there is no price gouging or artificially mmanipulated supply. The only ones big enough to moderate oil supply is OPEC and it is in their interests to keep prices steady. I read somewhere that the UK is turning to Norway for oil and gas. In a similar pattern to natural gas, the majority of oil imported to the UK comes from Norway, which supplies us with roughly 11.7 million metric tons of crude oil annually. The second largest supplier of crude oil to the UK is the US, which actually provided more oil than Norway back in 2019. heatable.co.uk › boiler-advice Where Does the UK Get its Gas From? Official Statistics Explored |
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Post by Vinny on Dec 30, 2022 16:25:38 GMT
We used to have lots of gas storage but sadly sights like this are quite uncommon now.  |
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Post by The Squeezed Middle on Dec 30, 2022 16:53:05 GMT
Because it would further raise the price which is to only effective way of reducing consumption. No, the effective way of reducing consumption of fossil fuels is by having a viable alternative. At the moment, governments haven't provided viable alternatives and neither has private industry.
You will not reduce consumption by increasing the cost to the motorist, you will simply impoverish the people who depend on their car and make the cost of living crisis even worse.
Exactly, which is what Khan is currently attempting with his proposed ULEZ extension.
I suspect that it will be the end of his political career if he succeeds.
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Post by Steve on Dec 30, 2022 21:30:42 GMT
Because it would further raise the price which is to only effective way of reducing consumption. If you want to do that you do it with taxes not with extra judicial fines which is what you're proposing But then of course you know that the public would rebel against further energy taxes |
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Post by Steve on Dec 30, 2022 21:33:59 GMT
But only at the standard Corporation tax rate and not at the enhanced Windfall tax rate. We demand these oil companies keep massive reserves for our benefit at their own expense but then play 'heads I win, tails you lose' with them. Morally bankrupt. Yes and no. I was widely reported not long ago that the UK has very little capacity to store gas, and oil has to be traded on the open market as does the stuff in the USA. This ensures there is no price gouging or artificially mmanipulated supply. The only ones big enough to moderate oil supply is OPEC and it is in their interests to keep prices steady. I read somewhere that the UK is turning to Norway for oil and gas. In a similar pattern to natural gas, the majority of oil imported to the UK comes from Norway, which supplies us with roughly 11.7 million metric tons of crude oil annually. The second largest supplier of crude oil to the UK is the US, which actually provided more oil than Norway back in 2019. heatable.co.uk › boiler-advice Where Does the UK Get its Gas From? Official Statistics Explored Nah, fact is all energy companies in the UK are required to hold 60 days worth of oil a their expense and in addition have to negotiate advance purchase contracts and that's why they get windfall profits and reverse windfall losses. Are you argung that heads we win, tails they lose is moral? |
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