Sunday, December 18, 2005
SNP Proved Right Over Oil Tax "Smash And Grab"
Earlier this month, when Chancellor Gordon Brown voiced his intention to double the tax on oil company profits from 10% to 20%, the Scottish National Party denounced the move, predicting job losses for Scotland as North Sea drilling operations were cut back because of the massive hike in taxes.
The government rejected the claim, saying the oil industry could afford the rise.
Perhaps, but already Shell has announced a cut in its plans for North Sea exploration, saying the decision was taken after a review prompted by the chancellor's tax increase.
The new rate of tax is to take effect from the 1st of January 2006, and there is little doubt others in the oil industry will follow the lead taken by Shell, further reducing investment in the North Sea and threatening the livelihood of many people linked directly and indirectly to the industry.
The government rejected the claim, saying the oil industry could afford the rise.
Perhaps, but already Shell has announced a cut in its plans for North Sea exploration, saying the decision was taken after a review prompted by the chancellor's tax increase.
The new rate of tax is to take effect from the 1st of January 2006, and there is little doubt others in the oil industry will follow the lead taken by Shell, further reducing investment in the North Sea and threatening the livelihood of many people linked directly and indirectly to the industry.
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yu know, on the one hand i stress out about global warming, but then i think, the earth had been a much warmer overall temperature for millions of years and really we are still on the tail-end of the great ice-age (at least according to my geometry prof) so maybe the perceived 'global warming' is just a natural return to equilibrium...
meanwhile it's unseasonably cold in texas it almost got to the thirties this week :()
i know that's probably not cold for ya'll, but in texas... damn
meanwhile it's unseasonably cold in texas it almost got to the thirties this week :()
i know that's probably not cold for ya'll, but in texas... damn
Thanks Elektrofly - Gee you complicate matters ;) for others, Elektrofly was commenting on the next post, Polar bears are drowning, got confused and posted in the wrong place. Fortunately he can't confuse me because I'm permanently and terminally confused anyway.
But to answer his point on global warming, possibly his geometry prof will turn out to be right, but I have my doubts and wouldn't want to rest the fate of the planet on his theory. I prefer to give credence to the opinions of experts world-wide who have hard data to back up their findings.
As for Texas - 30 bloody degrees and you're moaning? Here at the ass-end-of-nowhere it's minus 6c and pissing rain, the wind is blowing hard and the back garden is flooded. 30 degrees? If only!
Wanna swap places man? :)
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But to answer his point on global warming, possibly his geometry prof will turn out to be right, but I have my doubts and wouldn't want to rest the fate of the planet on his theory. I prefer to give credence to the opinions of experts world-wide who have hard data to back up their findings.
As for Texas - 30 bloody degrees and you're moaning? Here at the ass-end-of-nowhere it's minus 6c and pissing rain, the wind is blowing hard and the back garden is flooded. 30 degrees? If only!
Wanna swap places man? :)
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