halfgraben
372 posts
@AlbertMoon16 @tomhfh What an extraordinarily incorrect response. Thatcher was responsible for the only blip of growth Britain experienced between 1960 and 1997. Do you sincerely believe the unionized postwar economy was healthy and conducive to the national interest?
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@tomhfh Utter, utter, utter bollocks. It was the loss of imperial rape and plunder that did it. The postwar Labour government compensated a little by setting in motion three decades of growth. Thatcher ended that.
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Britain went from superpower to sick man of Europe in the space of a single generation, largely thanks to decisions made in one single parliamentary term 1945-1950.
We destroyed our competitiveness and gave the whip hand to unions that prioritised retaining existing jobs over creating new ones.
Companies didn’t die overnight. But as international competitors innovated - eg cutting jobs in one area and growing them in another, adding more technology or automation, becoming more efficient. British firms could do none of that.
Held to ransom by union barons that didn’t care for the growth or success of the company, only for their own remuneration. At the expense of the growth of the company.
One by one our industries died, some staggering on as zombies reliant on state subsidy to survive. When the subsidy stopped they were finally put out of their misery.
How anyone could look at the postwar consensus and think that’s what we need now is genuinely baffling.
A one way road to ruin.
James Price@jamespriceglos
Because of Labour plans this week, every single company in the country with more than 20 employees will be forced to give access to trade unions. The backbone of British business will be cracked open like an Easter egg and feasted on by Labour’s Union paymasters. Disgusting.
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@peterheirman2 @DL53654129 @DisrespectedThe Because of the high-tension current in the ignition coils
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@DL53654129 @DisrespectedThe How can an ICE emit more EMF than electric cars?
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Ford people trying their hardest to out mental everyone as usual 😳
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UK must back North Sea oil and gas drilling, says trade body bbc.in/3Pwqeg0
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@timetoshine1234 @BBCScotlandNews Britain owns the oil in its territorial waters. It leases licences to oil companies to produce it and then charges a 78% production tax. I assume you’re talking about the British national oil company, which was privatized, as it should have been.
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@BBCScotlandNews We do not own the NORTH SEA.
Tory Thatcher privatised it.
And, Tory Truss flogged our gas storage infrastructure.
Stop being excruciatingly thick.
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@jonburkeUK I mean, Britain does own the oil and gas. It is extracted by private companies under licence and subject to 78% tax on production. The E&P licences are leased, not sold, to private companies, and they are conditional.
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I’ve found another one pretending that Britain ‘owns’ its North Sea oil and gas.
This one even invokes the Petroleum Act 1998, which explicitly states that, upon extraction, 100% of North Sea oil and gas immediately passes into the ownership of private companies…😂
Kathryn Porter@KathrynPorter26
You are so wrong.. Under the Petroleum Act 1998 the state owns all the oil and gas. It's produced by private companies under licence 100% of the gas comes onto the GB grid because that's where the pipes go. It's not optional 😂 Most of the oil goes to overseas refineries because we only have four refineries left. Our refineries have to pay carbon taxes. Imported refined products do not and are not included in the CBAM, so are at a huge structural disadvantage Amazing how green lobbyists are putting out all this misi all of a sudden 🙄
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UK must back North Sea oil and gas drilling, says trade body bbc.in/4d7mcog
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@GPLegen @Chorlton258896 @BenGrahamUK I don’t think the British government has any business running an oil company. BNOC was a nightmare. It would just be a huge liability. Oil companies are equipped to handle the risk of E&P, governments not so much.
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@halfgraben @Chorlton258896 @BenGrahamUK Once the oil and gas is extracted its owned by private companies like INEOS, BP, Shell. Im not against drilling, just nationalise
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Norway drilled.
Norway invested.
Norway built a $1.4T sovereign wealth fund.
We did the opposite.
Time to change course:
• Go all in on North Sea energy
• Build a British sovereign wealth fund
• Become producers again, not importers
Make Britain an energy powerhouse again.
What are we waiting for?
Zia Yusuf@ZiaYusufUK
Energy costs in Britain are among the highest in the world due to the mad net zero policies of the Tory and Labour governments. Reform will reverse them and cut people’s bills.
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@GPLegen @Chorlton258896 @BenGrahamUK Interestingly, historically, there has been much more exploration in the UK than there has been in Norway.
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@halfgraben @Chorlton258896 @BenGrahamUK Norway is at 78% compared to us which stands at 75%and owns far larger then we do.
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@lieven_metens @airlinerslive It really seems like a terrible mistake. I feel like they should have developed the 757 as their main narrowbody platform. The 737 has too many limitations related to ground clearance and restricted fan diameter, especially as bypass ratios are only getting higher
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@airlinerslive Boeing has no successor for the B757. What a mistake by Boeing! The A321 will be the winner.
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@GPLegen @Chorlton258896 @BenGrahamUK Britain actually has higher taxes on production than Norway. It’s just the money is not invested in a sovereign wealth fund.
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@Chorlton258896 @BenGrahamUK Norway has licensing rounds just like Britain does, and it does sell off the leases. The difference is that every licence block must be operated by a consortium, and Equinor or Petoro (both state owned) are always a partner in the consortium
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@BenGrahamUK Norway didn't sell it off in leases to oil companies like Thatcher did. Norway kept it under their control and regulated it thats why they have a sovereign wealth fund and we don't. We're the only country to strike oil and got poorer because of the tory government at the time.
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@indi_hartwell Taxi drivers sometimes don’t wear seatbelts so they can bail out of the car quickly if they are attacked by a passenger
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I truly don’t understand why you wouldn’t wear a seatbelt
Rodrigo Barcia@RodBarcia
A los dueños de las empresas que venden esto, habría que meterlos presos.
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@bollox_big7275 @HarrietCross_MP Yes private companies produce the oil but the rate of taxation is over 70%, so it’s kind of irrelevant, the money is going to the UK government anyway. The companies are taking the risk.
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To those saying it will take years to get new oil & gas out the North Sea…
It won’t.
👉 Jackdaw - can be producing gas in 3 months.
👉 Rosebank - can be producing oil in the autumn.
Miliband just needs to approve them.
Everyday he waits, the further away this supply gets.
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@bollox_big7275 @HarrietCross_MP This is correct. And it is scandalous, actually.
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@bollox_big7275 @HarrietCross_MP That’s not actually true. The combined tax burden is up to 78% on mature fields, and that isn’t factoring in sales taxes when the refined hydrocarbon products are sold.
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