MercoPress. South Atlantic News Agency
UK awards 46 offshore hydrocarbons exploratory licences in controversial areas
UK government has awarded 46 new offshore exploratory drilling licences to firms, including Shell and Centrica, looking for oil and gas. The awards were initially held back due to environmental concerns. Read full article
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Disclaimer & comment rulesCameron is Greenpeace´s fan! people so ignorant!!
Dec 31st, 2011 - 10:46 am - Link - Report abuse 0Might be useful, bearing in mind the dire state of the UK economy, to study closely the Brasilian pattern of ensuring a really high proportion of any revenues accrue to the state. The exploration/extraction companies might not like the RoR but if there is profit in it they will still take up the options.
Jan 01st, 2012 - 11:31 am - Link - Report abuse 0The UK policy of taxing disproportionately the oil/gas UK end-user - the 'man in the street' - as a way of winning state revenue benefit allows too high a fraction of revenues to escape from the UK via the (usually) overseas oil/gas corporations and their shareholders.
. . . . My God! I'm sounding like a Socialist!
I'm sure I did not put socialism on my New Year's resolution list.
It's like waking up from wandering through a dream; but I can't yet figure out if it was a good dream or a nightmare.
Perhaps - after game-changing 2011 - neither socialism or capitalism are appropriate, and only pragmatism rules until a new world-paradigm beds-in.
Geoff I wasn't born until 77 but my understanding of UK fuel taxes is that in the 50's the govt adopted a policy of high fuel taxation because we were dependent on imports and they wanted to reduce waste. For some reason they didn't stop the tax regime when North sea oil was found. One of the reasons UK could be 100% certain of supporting the Falkland Islands in their oil industry if they can't sell elsewhere is that all it would need to do is offer a tax break to oil produced in Falklands and despite the distance travelled the cost to the consumer would be around the same as oil drilled on these shores. Ps I should declare I'm a big believer we should develop alternative fuels but I have zero desire to see retired people prevented from getting around due to fuel costs.
Jan 01st, 2012 - 10:46 pm - Link - Report abuse 0OBVIOUSLY, welcome to the Socialist Kontinent, KATIUSKA!
Jan 02nd, 2012 - 12:29 am - Link - Report abuse 0Do u remmember BP OFPSO?
God save the IRA! we are working together!
Kipling my post wasn't meant to sound as though it was support for socialism.
Jan 03rd, 2012 - 02:07 am - Link - Report abuse 0And Kipling, I am a 'neo-liberal', a fascist, a racist, a warmonger, a pacifist, a pinko, a socialist (this is the ultimate insult from the US posters), a communist, a lickspittle tory, a capitalist pig, a public sector parasite, a left-wing fellow-traveller, a union-basher . . . or so people posting on Mercopress seem to believe.
Jan 03rd, 2012 - 10:16 am - Link - Report abuse 0Really I'm just a British retired expatriate with firmly held views on a variety of topics.
We all view each other through the eyes of our own prejudices. It's just that, when you reach my age, you have SO many ;-)
I think it is important to find new sources of oil and gas reserves. We need “breathing” space to develop the new technologies that will turn the plant “green”. Unfortunately This is such a slow process that..for now...I am all for new exploration.
Jan 04th, 2012 - 10:23 pm - Link - Report abuse 0Commenting for this story is now closed.
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