Q. what should the UK learn from the oil & gas price spikes driven by the attack on Iran?
Some think the windfall tax on oil production should be suspended/ended to encourage more investment....
But...
@nprofile1q... "Some think the windfall tax on oil production should be suspended/ended to encourage more investment...."
So when the windfall goes up due to an increase in international oil prices - I doesn't cost any more to pump the oil now than it did a month ago - then the government shouldn't continue to take its share of that windfall?
Methinks lobby shilling logic here.
We are going to prevent Rosebank going ahead aren't we?
As you say, we don't need more investment in UK oil exploration or production, we want to get off oil entirely and invest our windfall taxers in promoting far more sensible renewables energy production instead.
So when the windfall goes up due to an increase in international oil prices - I doesn't cost any more to pump the oil now than it did a month ago - then the government shouldn't continue to take its share of that windfall?
Methinks lobby shilling logic here.
We are going to prevent Rosebank going ahead aren't we?
As you say, we don't need more investment in UK oil exploration or production, we want to get off oil entirely and invest our windfall taxers in promoting far more sensible renewables energy production instead.
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