Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Soder Margot Robbie yes - better than Liz truss! Great point and understood. Shows how shallow these feckers are really. UK needs professionally competent politicians with a longer term view- no visionaries I 'm afraid - sadly. GLA
Labour announcing this is the same as me announcing I would make Margot Robbie blow me every morning if I was PM. There is not even a general election for years. It’s totally meaningless political bluster and bull**** with absolutely no chance of happened by any time in the remotely distant future.
Succinctly put LuckyL - sasa.
Is it all starting to make sense ,lucky? I’ve only been saying it for two years and you all think it’s coincidence and call me a conspiracy theorist. Your watching the demolition of capitalism to be replaced with communism and every move has been intentional.
Government owned media blowing story’s up to manipulate the commodity prices and cripple households. The not so great reset in motion.
So when was time to print for credit crunch banks defaulting, they found hundreds of billions.
They allow online retails like amazon to pay virtually no taxes.
They let trader make billions and distort the market......they very cause of overinflated prices on may commodities.
But the very people that work hard and risk hard to give UK energy independence and energy supply, get taxed 65%.
Please don't let me start on Panama papers and offshore accounts....
For E&P investors, UK currently has a similar level of political risk to Equatorial Guinea, Angola, etc.
Wouldn't disagree with that probability, kign re: overseas based entities but the UK registered' Hedgies' / PE energy trading arms and the trading desks of 'Big Oil' operators here who also retail the stuff could /should contribute more than paying just 'lip service' to it at this stage.
Disincentivising the upstream Nth Sea O&G developers / producers all the more is the best example of the Govt. 'shooting itself in the foot' again, if Labour and the Lib Dems were ever to get their economic ignorance onto the statute book.
Increasing our domestic fossil fuel production, prior to the 'green' alternatives gradually 'helping out' in any meaningful way, is the only option open to a rational administration, it seems to me.
Just my suggestion on this sore topic - any other ideas welcome, of course... sasa.
good points sasa, but I think these traders are really good at hiding the money and could be operating from Luxembourg like the tech companies, paying billions of royalties to some "intellectual property".
Agree the points made in your post, BaysilHope - if a further tax imposition on excessive profits generated by the unprecedented rise in O&G prices is at all necessary, it should be levied on the commodity traders who contribute nothing in developing our own energy production but merely deal in these scarce resources currently, with gay abandon.
A 50% CGT levy on them would be more justifiable in these rare circumstances and would, doubtless, ease the pressure on prices tightening at this critical time. The upstream O&G producers already pay a gross 65% tax and even allowing for the 90% relief on their domestic development projects, still pay twice the corpn tax rate levied on industry as a whole...
One solution for the Govt. might be to arrange with the major suppliers (BP, Shell and the like) to keep the present consumer cap in place and render to the Govt. an invoice for the losses they incur in doing that on a quarterly or a six monthly basis in exchange for a short dated, low coupon, gilt of, say, 3 or 5 year maturity or even a 'zero' equivalent which they can then add to their balance sheet as a 'cash equivalent' item. A sort of reverse 'QE' policy for the duration.
Such a scheme would aid the poorest in Society the most whilst giving the Govt. time to redeem such energy bonds in more stable conditions later on; by then economic prospects should look a good deal better than right now one hopes! - sasa.
The large cap oilies in UK on the LSE - SHEL, BP and HBR - can always relocate if justified cost v benefit of staying UK resident !! Looks like Truss much more aware of that than Sunak and the other party leaders !!
I'm all in for helping the less well off: Struck by:
1. No long term consistent Govt Energy strategy
2. All measures are voting gimmicks.
3. No technical understanding of European Energy complex - obvious - which is why we are in this mess.
To raise an extra £8bn from the windfall tax, Labour would close a loophole allowing tax relief on fossil fuel investment and backdate the tax to January.
The Labour announcement was welcomed by Davey. “Now that progressive parties and charities are speaking with one voice to cancel the energy price hike using a windfall tax, the woeful response from Liz Truss and Rishi Sunak is even more outrageous,” the Lib Dem leader said.
“The government’s dither and delay from this prime minister and any future prime minister is deeply damaging for pensioners and families across the country.”
UK needs billions in energy investment - govt can't do it, work with the O&G industry and get a balanced solution - where peeps are looked after and the professionalism of the O& G are allowed to transition to GREEN energy - in a Tax fair manner. tax the Banks FFS HNY
To raise an extra £8bn from the windfall tax, Labour would close a loophole allowing tax relief on fossil fuel investment and backdate the tax to January.
The Labour announcement was welcomed by Davey. “Now that progressive parties and charities are speaking with one voice to cancel the energy price hike using a windfall tax, the woeful response from Liz Truss and Rishi Sunak is even more outrageous,” the Lib Dem leader said.
“The government’s dither and delay from this prime minister and any future prime minister is deeply damaging for pensioners and families across the country.”