The latter. When one of the UK independent oil companies decided to develop a field West of Shetlands about a decade ago and it went wrong (as they do rather often) they ended up costing them somewhe… (View Post)

On the topic of a single corporation dictating the market, it can't and it doesn't. At a global scale what Shell or BP do is nothing when the control of prices rests with OPEC. Put crudely,… (View Post)

The only way to limit the size of the profits is to limit the size of the companies. It doesn't make any more tax for Governments. It just means the headline numbers are smaller for any individu… (View Post)

Well the main effect so far has been to seriously damage future investment in the UK oil and gas sector. Now obviously if you are of the mindset that Hydrocarbons are evil and unnecessary then that w… (View Post)

And exactly how are you going to tax those profits when they are made in other tax jurisdictions and pay tax in those countries? Shell produce around 100,000 boe in the UK each day compared to their … (View Post)