Chomper Higgot

I wonder if you’ve thought through what would happen if the UK were to nationalize the property and businesses owned by some of the world’s most powerfully connected corporations? The UK isn’t going to be buying Russian oil and gas anytime soon.

That’s not how any government spending works.

Economist Richard Murphy has some smart ideas on how to pay for defense spending. Non involve cutting any spending.

The UK had a national oil and gas company, the Tories sold it. Investing vast sums of money in the dying embers of the oil and gas industry and in direct competition with the established oil and gas giants is one of the more bizarre ideas I’ve read on this forum. Even if it did happen, I expect the same party would once again sell it to their chums at the first opportunity. We both know a national oil and gas company isn’t going to happen.

I have nevertheless put the interview back in its context and I did so without resorting to a personal attack or any attempt at bypassing the profanity filter.

How’s that going to work Jonny? The licenses have already been sold to the oil and gas companies, they own the oil and gas that they extract. The technology, expertise, equipment and financial resources to extract oil are all held by the oil and gas companies. If you have any ideas of how to get around that please let us know.

Jonny, I’m sorry to break this to you but this is how it works: The UK issues exploration and exploitation licenses to international oil and gas companies for those companies to find and extract oil and gas from the UK controlled territory. Those companies then own that oil and gas, they sell it to their customers at the international market price. UK consumers don’t get cheaper oil or gas just because it was extracted from UK oil and gas fields. On the other hand, renewable energy generated within the UK is not subject to international market fluctuations.

I would love to hear your thoughts on how this would be achieved: “Then you could lower a lot of prices in the UK” The UK, like the EU states pays the price of oil and gas as dictated by the international market price.

Putting that 2 year old interview in context for you Jonny, the discussion was referring specifically to the then near doubling of energy prices that were at that time delivering energy poverty to UK consumers and vast windfall profits to the oil and gas producers. What it was not, was any promise to fix energy prices beyond the energy crisis that was unfolding at the time the two year old interview was recorded.

Some broader information here including an explanation of who sets the price cap, the fact it will be set sushi. In 3 months and the prediction by EDF of reductions in the cost of energy later in the year: https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/ Perhaps the most troubling issue component of the price cap is the standing charge and the higher charges to people who pay cash; undoubtedly many people on low incomes who don’t have bank accounts or are unable to maintain funds in their accounts.

That’s clear enough.

Utter fail Jonny. An out of date report based on the energy prices at the time that were significantly higher than they are today. As for ‘not released yet’, as if the right wing press would not be all over any deaths attributed to the means testing if the winter fuels allowance. Jonny, you’ve been trying for months to score political points by misrepresenting the means testing of the winter fuels allowance and predicting the deaths of pensioners. The deaths you’ve been predicting in your attempt to score a political point haven’t shown up. Now you act all outraged. Clearly you would have been crowing if you had found only one. I can’t think of a better example of hypocrisy and faux outrage.

In a sense I agree but I would like to see the root causes of endemic obesity tackled. Its costing the nation, the economy and the health service £Billions.

Frank, there was an Iraq war. NATO took no part in any military action in the Iraq war, the U.S. did not drag NATO into the Iraq war.

Here’s context Lou, my part in the nested quotes you responded to: Now point out where I mentioned Trump or indeed ‘felon’. Maybe even go back through the thread and see which of us mentioned Trump or indeed ‘felon’ first. Here’s a clue, it want me.