It's the complete inability of people, not just on pb.com, to cope with counterfactuals. An amount of revenue will be raised anyway. Question is how much additional revenue will be raised with t… (View Post)

I agree with your trade off. However the difference is small between the outputs generated by each policy. An optimistic scenario is that Aberdeen could keep production at about half of current for f… (View Post)

There is exactly £0 additional tax revenue from Kemi's policy. Actually it's a net cost as the exploitation will need to be subsidised. It may be worth the subsidy but let's be real. (View Post)

We're talking about extracting maybe 5% more out of North Sea than we would otherwise do when production is reducing by about a third every five years. I think we should do it but it's irre… (View Post)

Nobody will bring Aberdeen's glory days back. Geology prevents it even if saving the planet isn't your thing. But it's an emotional thing. People who made a good living out of the oil … (View Post)