The Mudcat Café TM
Thread #128670 Message #2884831
Posted By: Royston
12-Apr-10 - 11:15 AM
Thread Name: BS: Petrol Prices UK
Subject: RE: BS: Petrol Prices UK
Yes, Nigel, I think.
I could rip into that absurd idea all day long.
How does that idea work in a time - like, errm, now! - when wholesale oil prices are falling. So the tax yield from the petrochemical sector is also falling? Hmm?
How will it work as we approach peak-oil, and the tax yield from the petrochemical sector falls as the cost of exploration and extraction hits profits and governments are forced to ration supplies and control the price of crude?
Doing anything other than learning to pay the real price of hydrocarbon energy - and finding alternatives to it - is quite stupid and dangerous. But that's the tories all over - quite stupid and dangerous.