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Neil74,
How would things go back to normal? If the war is ongoing, I cannot see that happening. Are you suggesting that the Russians will have quit the Ukraine or that Putin will be ousted?
By the way, 'it's' means 'it is'.
Bumble,
Sure China is the biggest customer of Russian oil and gas! After all, the West is weaning itself off Russian oil and gas. Whilst there might well be economic sanctions on China, does it want to provoke the West into rougher sanctions measures?
Jakers,
If the consequences of fracking are uncertain, then we need more data. The way to get that is through testing and experimentation by setting up fracking test sites. Having a limit of 0.5 on the Richter scale is too low in all likelihood.
Bumble68,
I see why you state that about China, but, I suspect that a nation that survives on foreign trade will not want to provoke its biggest customers in the West from making it a pariah state facing economic sanctions.
Jezzoo,
Knowing that BP is a willing seller, that any buyer would have issues too with extracting dividends and/or with secondary sanctions issues, offers would likely be less than half of its pre-war value, if that.
It might be better for BP simply to sit tight and hope for a change of regime to allow the company to extract its rolled up dividends at some future point. Hopefully, the regime will not have confiscated the money!
KRSS,
Why should BP pay over to the UK Government any more than the 65% or so of Corporation Tax than it already does? You seem to assume that the state will spend it better than BP! The problem you ignore is that half of all UK Government income is spent on administration before it reaches, say, the poor and the deserving.
Also, that money that you suggest should be needlessly given away, would then not be available to BP to invest in new fields and into renewables.
Lokiloo,
What billions of pounds are being given to energy companies? Not a free gift!
Why punish BP, Shell etc with a windfall tax for Governments' shortsighted energy policies like shutting down coal burning power stations and not commissioning new nuclear power stations and renwable sources in better time?
The following short excerpt is from The Daily Telegraph on August 12th. Sounds good for BP plc!
Speaking at Telegraph Tory leadership hustings in Cheltenham, Foreign Secretary pledges to lift ban on fracking.
Liz Truss on Thursday night rejected calls to increase the windfall tax on energy companies to fund cost of living handouts for households, saying profit is not a “dirty word”.
The Foreign Secretary said she was “absolutely” against such taxes, arguing that such a policy approach would be taken by Labour.
The remarks are her clearest yet on the subject and come despite the Treasury devising an expansion of the windfall tax as an option for the next prime minister.
As a new forecast predicted that annual energy bills could soar to more than £5,000 next April, Ms Truss also said she would lift the ban on fracking.
Speaking at The Telegraph’s Tory leadership hustings in Cheltenham – which drew the biggest audience of the leadership contest so far – she said: “I don’t think profit is a dirty word, and the fact it’s become a dirty word in our society is a massive problem.
ChittyBangBang,
It is security of tenure for renters that puts homeowners off risking their properties and putting them up into the rental market. Too much protection for renters ends up being counterproductive, with properties being withdrawn.
WeirdPal,
Not so weird! Depends on expectations...clearly not much was expected of Uber.
Much was expected of BP and it has delivered. Hence the 3%+ rise is a day when the price of oil has been weak.
Wait for a day when oil increases in price.
Does anybody know if there is a website somewhere that lists the FTSE 100 companies by the dividend rate of return? What I am looking for is to see which companies are the best and worst payers of dividends relative to their share market price.
Many thanks in advance!