Omega Owners Forum - Law of unintended consequences again

Nickbat

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Law of unintended consequences again
30. Mar 2011 at 14:29

So last week, Little George Osborne thought it would be a wizard plan to hit the oil companies with a sudden tax hike, because the price of oil was so high.

Now, several companies are considering pulling out of North Sea production/exploration.

I'm sure that'll bring the price of oil down and increase government revenue. Roll Eyes

Nice one, George. Roll Eyes

http://www.bbc.co.uk/news/business-12905225

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Varche

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Drives: 97 pre mini facelift 3 litre auto RHD Elite saloon and a 2000 Ford Ka !

Re: Law of unintended consequences again
Reply #1 - 30. Mar 2011 at 14:42

Nickbat wrote on 30. Mar 2011 at 14:29:

So last week, Little George Osborne thought it would be a wizard plan to hit the oil companies with a sudden tax hike, because the price of oil was so high.

Now, several companies are considering pulling out of North Sea production/exploration.

I'm sure that'll bring the price of oil down and increase government revenue. Roll Eyes

Nice one, George. Roll Eyes

http://www.bbc.co.uk/news/business-12905225

Yet another flaw in his wizard plan. Lightweight, I am afraid. Wait till he starts dreaming about how high inflation goes. Still he will have a good excuse as to why it all went belly up.

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Finished breaking the red mfl Elite saloon in Spain. Got a shed load of stuff. Will post parts.

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Banjax

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Re: Law of unintended consequences again
Reply #2 - 30. Mar 2011 at 19:54

Nickbat wrote on 30. Mar 2011 at 14:29:

So last week, Little George Osborne thought it would be a wizard plan to hit the oil companies with a sudden tax hike, because the price of oil was so high.

Now, several companies are considering pulling out of North Sea production/exploration.

I'm sure that'll bring the price of oil down and increase government revenue. Roll Eyes

Nice one, George. Roll Eyes

http://www.bbc.co.uk/news/business-12905225

agreed, it would kill Aberdeen where every pub, restaurant and shop is reliant on oil money.......and fishing....luckily for Gideon - no one in Aberdeen votes tory............wait a minute......you dont think.......nah, surely not Shocked

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50 bucks!?! For 50 bucks I'd put my face in their soup and blow!!

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STMO123

Ex Member

Re: Law of unintended consequences again
Reply #3 - 30. Mar 2011 at 19:58

Nickbat wrote on 30. Mar 2011 at 14:29:

So last week, Little George Osborne thought it would be a wizard plan to hit the oil companies with a sudden tax hike, because the price of oil was so high.

Now, several companies are considering pulling out of North Sea production/exploration.

I'm sure that'll bring the price of oil down and increase government revenue. Roll Eyes

Nice one, George. Roll Eyes

http://www.bbc.co.uk/news/business-12905225

'Tis the usual jousting. Oil companies and banks are going nowhere.

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Albs Omega King Offline The upgrades are ongoing. Posts: 15083 North Essex Gender: Drives: 2000 2.5CD with LPG/Honda cbr600 FX	Re: Law of unintended consequences again Reply #4 - 30. Mar 2011 at 20:09 You may be right Steve - but its a game of poker, and sometimes the player who thinks the other one is bluffing can be wrong. Only time will tell.
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Nickbat

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London NW7
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Drives: 2002 2.6CD Auto

Re: Law of unintended consequences again
Reply #5 - 30. Mar 2011 at 20:22

Quote:

Nickbat wrote on 30. Mar 2011 at 14:29:

So last week, Little George Osborne thought it would be a wizard plan to hit the oil companies with a sudden tax hike, because the price of oil was so high.

Now, several companies are considering pulling out of North Sea production/exploration.

I'm sure that'll bring the price of oil down and increase government revenue. Roll Eyes

Nice one, George. Roll Eyes

http://www.bbc.co.uk/news/business-12905225

'Tis the usual jousting. Oil companies and banks are going nowhere.

But, Steve, Statoil are Norwegian. Why should they invest in UK enterprises and get hit by this tax hike? Plenty of other areas to take their money and expertise. Sad

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I don't care to belong to a club that accepts people like me as members.
Groucho Marx

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STMO123

Ex Member

Re: Law of unintended consequences again
Reply #6 - 30. Mar 2011 at 20:52

Nickbat wrote on 30. Mar 2011 at 20:22:

Quote:

Nickbat wrote on 30. Mar 2011 at 14:29:

So last week, Little George Osborne thought it would be a wizard plan to hit the oil companies with a sudden tax hike, because the price of oil was so high.

Now, several companies are considering pulling out of North Sea production/exploration.

I'm sure that'll bring the price of oil down and increase government revenue. Roll Eyes

Nice one, George. Roll Eyes

http://www.bbc.co.uk/news/business-12905225

'Tis the usual jousting. Oil companies and banks are going nowhere.

But, Steve, Statoil are Norwegian. Why should they invest in UK enterprises and get hit by this tax hike? Plenty of other areas to take their money and expertise. Sad

They will invest for the same reason they are investing now. There may be oil there.

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