Taxation kills off UK gas field

[Motorrad]

Smart move, increase the UK's reliance on imports and lose ALL the tax revenue

http://www.bbc.co.uk/news/uk-13256597

What a useless shower of st the government nobody voted for are turning out to be.

Shame the 'proper' Conservative party doesn't seem to exist anymore.

[derestrictor]

The industry is usually prewarned about these increases but apparently, the 6th former didn't bother this time so a rattles/pram scenario.

Then again, anything that draws attention to the insanity of tax, per se, is welcome.

[ChiChoAndy]

I don;t get it. They stand under a pretense of greenery, and yet tax fook out of one of the cleanest fuels out there.

[loafer123]

So what?

Sounds like a cheap excuse to suspend production.

The reserves will be there to tap in the long term when the need arises.

[Motorrad]

loafer123 said:

So what?

Sounds like a cheap excuse to suspend production.

The reserves will be there to tap in the long term when the need arises.

Yes because it's as easy as turning a tap on or off isn't it?

[loafer123]

Motorrad said:

loafer123 said:

So what?

Sounds like a cheap excuse to suspend production.

The reserves will be there to tap in the long term when the need arises.

Yes because it's as easy as turning a tap on or off isn't it?

Probably not, but isn't production already suspended, so the timing of resumption is a rather moot point?

[Tsippy]

I guess it reduces our carbons or something

[powerstroke]

Motorrad said:

Smart move, increase the UK's reliance on imports and lose ALL the tax revenue

http://www.bbc.co.uk/news/uk-13256597

What a useless shower of st the government nobody voted for are turning out to be.

Shame the 'proper' Conservative party doesn't seem to exist anymore.

Yes they do!!! lots of people like their policys but dont vote for them because they would never win and it would let labour back in again...

[Sheets Tabuer]

They should have built a windfarm.

http://www.bbc.co.uk/news/uk-scotland-13253876

[powerstroke]

Sheets Tabuer said:

They should have built a windfarm.

http://www.bbc.co.uk/news/uk-scotland-13253876

yes this is the madness!! and sureley hightime to get rid of chris loone
the anti energy minister..

[Motorrad]

loafer123 said:

Probably not, but isn't production already suspended, so the timing of resumption is a rather moot point?

Abandoning the field for a prolonged period and then economically resuming production is a somewhat different proposition than a hiatus for planned maintenance.

I'd like to see the oil and gas industry tell the UK government where they can stick their tax hike and pull out of all marginal fields reducing the tax take to zero. Fecking muppets.

[powerstroke]

Motorrad said:

loafer123 said:

Probably not, but isn't production already suspended, so the timing of resumption is a rather moot point?

Abandoning the field for a prolonged period and then economically resuming production is a somewhat different proposition than a hiatus for planned maintenance.

I'd like to see the oil and gas industry tell the UK government where they can stick their tax hike and pull out of all marginal fields reducing the tax take to zero. Fecking muppets.

True they are muppets as its low taxes and cheaper energy that would sort the economy faster than allmost anything else...

[BrassMan]

Was this the field where the sulfur was worth more than the gas?

Edit: Liverpool, methinks.

Edited by BrassMan on Monday 2nd May 16:25

[thinfourth2]

loafer123 said:

So what?

Sounds like a cheap excuse to suspend production.

The reserves will be there to tap in the long term when the need arises.

If it was the red ties in power this place would be frothing at the mouth

because the Blue ties are destroying UK industry its excellent

[Globs]

Motorrad said:

Shame the 'proper' Conservative party doesn't seem to exist anymore.

They do, UKIP got 8% of the vote in the last election.

[thinfourth2]

Globs said:

They do, UKIP got 8% of the vote in the last election.

And how many MPs

NIL

How many MPs did the green party get

ONE

Going off topic

[loafer123]

thinfourth2 said:

If it was the red ties in power this place would be frothing at the mouth

because the Blue ties are destroying UK industry its excellent

Given the state of the nation's finances, I would think it doesn't matter what colour tie you wear, we need the money.

[thinfourth2]

loafer123 said:

thinfourth2 said:

If it was the red ties in power this place would be frothing at the mouth

because the Blue ties are destroying UK industry its excellent

Given the state of the nation's finances, I would think it doesn't matter what colour tie you wear, we need the money.

So remind me again how much cash will be coming from a shutdown field

[eldar]

thinfourth2 said:

If it was the red ties in power this place would be frothing at the mouth

because the Blue ties are destroying UK industry its excellent

Destroying UK Industry? One field mothballed, presumably a commercial decision. Conveniently ignoring why taxes need to be raised in the first place. Fair enough, I don't wear a tie, so I bow to your economic expertise.

[Motorrad]

thinfourth2 said:

So remind me again how much cash will be coming from a shutdown field

Don't forget the extra cash that will be coming from lost UK jobs and the taxes they generate. Oh.....hang on a minute.