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Old 02-03-2008, 03:44   #4
BBKing
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Re: The start of state ownership

Oddly enough, this is pretty much what I was discussing with a mate in the pub earlier - the basic issue being that high energy company profits aren't the result of some wondrous engineering effort, but rather a reflection of how successful the company is at buying cheap and selling dear.

The usual economic reaction to such obscene profits is that someone undercuts them and incentivises everyone to switch, but that isn't happening. The reason it isn't happening is the most interesting thing here.
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