Idea seems sound & i know they all make mega bucks from us drivers but if BP, Shell & the like are announcing annual pre tax profits of around 12 - 15 billion pounds & it is all a cartel i just wondered if anyone knew how much the government rakes in on duty & VAT over the last financial year, me thinks it would be a bit more
As said before, approx 70% of the petrol price is Tax.
Also, the Oil companies get taxed at source on the crude oil that they produce.
BP is a global company, so it makes its money from around the globe, not just the
UK. It brings Billions of £'s into the UK coffers. Not just in Tax either. Your Pension
plan will own BP shares and will be receiving millions of £'s a year in dividends and
share price appreciation over the years.
The Oil companies are not the enemy here.
Asia, China, India, Russia, South America etc.. are expanding and coming into their
own industrial age, similar to what the Western countries have already achieved.
This is causing an exponential increase in the demand for Oil. At the current rate
of demand increase there will not be enough Oil to go around without finding more
deposits. Hence the current round of Wars and nationalisation/ repatriation of Oil
and Commodity companies around the World.
As the price increases it makes economic sense to extract the Oil from the Tar Sands
in Canada. Without the price rise it wouldn't be economically viable. This is bringing
other alternative energies into play, such as wind and solar power. The more you
can reduce the demand for Oil, the less reliant you are on the Oil producing countries.
They can't hold you to Ransom.
The Government needs to reduce Oil and Gas demand, hence the Tax prices to try
and reduce folk using so much. It's nothing to do with 'Green' ecological consciences.
It's also why George Bush has attacked Iraq and is threatening Iran. He needs to secure
America's Oil supply until America is less reliant on it, otherwise America's enemies
will have him literally over a barrel and America's economy will be ruined.
Everything is wheels within wheels and boils down to power and finance.
This e-mail will have as much effect as pi**ing in the wind.
I think that you will find that Russia & S.America are net exporters.
The momentum on fuel tax was lost when they allowed Blair off the hook. It will never be allowed to happen again.
supermarket fuel 30% ethanol is it so cheap :question
Now all you folk who agreed with the smoking ban are starting to pay the tax. ouch
The only way it will alter is via the ballot box.
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Topic: Boycott / Petrol Prices (Read 3298 times)