Quote:
Originally Posted by andrewb
It might have been, but it was still cheaper to import coal all the way from Australia.
Your hatred of the woman seems to blind you from the facts. Can you tell us just how much taxation the private companies involved in energy are paying? If it equates to $1 a barrel I'll eat my hat.
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Australia subsidised coal too though their open cast mines did mean they were able to produce cheap coal. But as Blue going green I thought you would have been in favour of local suppliers LOL!!!! In the end the public sector outperformed the private sector by IIRC about 25% of the cost per tonne.
I don't hate Thatcher as I am more interested in the future than the past. I loathe how she wrecked our country.
Taxation revenues from Oil are irrelevant other than bailing out failed Conservative economic policies of the early 80's. Tony Benn's assertion was about reduced supply in future years. A nations wealth, not a few shareholders gold plated profits. We are now a net importer of fuel thanks to failed Conservative policies and we're all paying the price in our bills, just as Benn predicted.
Cameron and Co will wreck this country. You can't promise tax cuts, maintain current spending and ride out a world downturn. Only a clown reckons he can square all three. Looks like as the post above said, we're heading for more Conservative economic misery.