On windfall taxes. The dirty secret is that where measured by profit contribution, the likes of bp and Shell are these days trading houses in the style of Vitol / Trafi, with a global oil and gas bus… (View Post)

Meanwhile the prospect of genocide if they lose means Ukraine would not have much trouble mobilising a million people if they had to. This war’s only going one way. The real question is what happens … (View Post)

Nationalisation doesn’t come cheaper than when the entity in question can’t meet its obligations. The money to bail out is needed regardless of ownership. Companies like bulb don’t really need to exi… (View Post)

Energy it’s pretty obvious to me which bits we should be nationalising. The bits of the industry like refining run by complete jokers like Gary Klesh and the Ruia brothers, because there’s limited ec… (View Post)

The private sector only cares about resilience when the state forces them to, because in most of these industries there’s no financial incentive to care. Therefore, we have no strategic natural gas r… (View Post)