RE: Legal Challenge21 Apr 2023 12:07
I think there could be a case there legal action, you took a hedge out based on free market pricing against your cost per barrel and made your bet, the free market pricing remained but how were we to expect a 100% increase in tax? As stated it would be fine if we kept the price at £2per therm and never flooded the market with US gas but that timing was awfully suspect, we went from headlines of people freezing to death over winter to storage being 90% full and amble gas imports to supply the whole of Europe almost overnight.