RE: Windfall tax11 Jun 2022 14:56
For starters anyone can post whatever they like so get off your high horse telling people what they can and can’t post.
Secondly you have appeared that last couple of months, some of us have been here years with PMO with promise after promise and nothing delivered. Oil is $125 FFS and your on here patronising people about patience? Wind your neck in.
The markers are jittery because of reasons you and many others on here refuse to accept, the government is not acting with the interest of the people and capatalism no longer suits their plans for the future.
Lastly, What do you expect a share buy back to achieve?it will be A temporary rise that will get sold into and you can bet your bottom dollar anyone short will have a heads up before it’s announced, we will get a nice spike, and then they will reopen all their short positions and run it right back down.
One more thing, if the government really cared about cutting the cost of living they would do something like reduce fuel duty substantially, not a 5p cut like throwing you some crumbs to keep you happy. Instead they increase oilers tax that will reduce investment and maintain a price higher for longer- more wealth transferred, more people dependant on them and UBI.
Oil and gas company’s will get caught out with this new tax relief Incentive trying to avoid paying super tax, when the demand destruction kicks in because of the huge recession which is coming we will all be caught with our pants around our ankles with our ****s trying to run from the tax man
“The tax offset only applies to investment in the oil and gas sector, meaning companies will receive no tax relief for investment in renewables.
The one-off levy will remain in place until “normal” conditions in the energy market return or until a “sunset clause” comes into effect at the end of December 2025.”
I wonder why the would want to allow you to diversify, I thought they were just interested in future energy supply?
How anyone can sugar coat this **** or even try and defend the governments actions as if they have done this with good intentions is actually laughable and very naive.