Liz Truss Resigns [Who'll be the next Prime Minister?]

[Dave42]

Originally Posted by OLD BOY

If you re-read my post, I accept that we need to reach net zero by 2050. But we need to do it sensibly.

agree but we got to make sure we dont leave it to late

[Mad Max]

It won't matter a jot what we do on this small island about climate change, especially when you have huge nations like China and India still using fossil fuels and will probably continue to do so for many years to come.

[papa smurf]

Originally Posted by Mad Max

It won't matter a jot what we do on this small island about climate change, especially when you have huge nations like China and India still using fossil fuels and will probably continue to do so for many years to come.

I'll be fossil fuelling the arse out of my stove this winter.

[jfman]

Originally Posted by OLD BOY

I simply point out that it was the obsession with green energy which has resulted in us being in the position we are in now.

Had we gone for a gentle transition, closing down fossil fuel resources only as green fuels were able to replace them, we wouldn’t be in the mess we’re in now.

We are still committed to net zero by 2050, but most of these green extremists want it all now. We should stop listening to them.

Yet we are making tons of green energy at a fraction of the cost we are paying for it.

It’s not the green agenda that’s failed. It’s the fake free market. Happy to trouser taxpayers cash with tens of billions in profit completely unlinked to the cost of production.

[OLD BOY]

Originally Posted by jfman

Yet we are making tons of green energy at a fraction of the cost we are paying for it.

It’s not the green agenda that’s failed. It’s the fake free market. Happy to trouser taxpayers cash with tens of billions in profit completely unlinked to the cost of production.

Yes, they call it pump priming in the business. We had to incentivise the move to green fuel first, and yes, happily the cost of production has fallen.

The green protagonists want every thing done yesterday. They have the right dream but they lack the know-how on the means to achieve the aim without major disruption to the well being of the population.

---------- Post added at 16:40 ---------- Previous post was at 16:37 ----------

Originally Posted by Mad Max

It won't matter a jot what we do on this small island about climate change, especially when you have huge nations like China and India still using fossil fuels and will probably continue to do so for many years to come.

And that’s why the protests on climate and energy are wasted in this country. They should be protesting to the large users of fossil fuels about their lack of progress. But they won’t do that, will they?They would rather protest in the UK, which has already committed to net zero by 2050. Pretty pointless, really.

[jfman]

Originally Posted by OLD BOY

Yes, they call it pump priming in the business. We had to incentivise the move to green fuel first, and yes, happily the cost of production has fallen.

The green protagonists want every thing done yesterday. They have the right dream but they lack the know-how on the means to achieve the aim without major disruption to the well being of the population.

And that’s why the protests on climate and energy are wasted in this country. They should be protesting to the large users of fossil fuels about their lack of progress. But they won’t do that, will they?They would rather protest in the UK, which has already committed to net zero by 2050. Pretty pointless, really.

The means

Like £170 billion thrown onto the national debt what would that buy you if it wasn’t being siphoned off into shareholder dividends?

£2.5 trillion of debt on the Conservatives watch. Which begs the question what are they conserving? Fat cat bonuses?

[OLD BOY]

Originally Posted by jfman

The means

Like £170 billion thrown onto the national debt what would that buy you if it wasn’t being siphoned off into shareholder dividends?

Do you actually understand how business works, jfman?

You’d screw the economy completely if you were in charge. Investors would upsticks for a start, then where would we be?

In the wotsit, that’s where we’d be. Mind you, I expect you would be rolling in it, so pleased with yourself that no rich people were left in the country, but wondering why public services and pension schemes had totally collapsed. It wouldn’t have been your fault, of course. Somebody will have made you do it…

[jfman]

Originally Posted by OLD BOY

Do you actually understand how business works, jfman?

You’d screw the economy completely if you were in charge. Investors would upsticks for a start, then where would we be?

In the wotsit, that’s where we’d be. Mind you, I expect you would be rolling in it, so pleased with yourself that no rich people were left in the country, but wondering why public services and pension schemes had totally collapsed. It wouldn’t have been your fault, of course. Somebody will have made you do it…

we call that playing the man not the ball, OB.

Nice to see your party letting you down that much even you can’t defend them.

Last warning, jfman and Old Boy.

If you dont stop sniping at each other in topics I'll remove both of you from said topics.

[TheDaddy]

Originally Posted by OLD BOY

Do you actually understand how business works, jfman?

You’d screw the economy completely if you were in charge. Investors would upsticks for a start, then where would we be?

You don't clearly, Bernie Loony himself said a windfall tax wouldn't affect investment in the North Sea but why let that stand in the way of your fanaticism

[Pierre]

Originally Posted by OLD BOY

Do you actually understand how business works, jfman?

You’d screw the economy completely if you were in charge. Investors would upsticks for a start, then where would we be?

In the wotsit, that’s where we’d be. Mind you, I expect you would be rolling in it, so pleased with yourself that no rich people were left in the country, but wondering why public services and pension schemes had totally collapsed. It wouldn’t have been your fault, of course. Somebody will have made you do it…

jfman and I rarely see eye to eye, but wacking on £130+ billion to our national debt at the moment when the cost of borrowing is going up is lunacy.

Taxing the operators more, and charging on the actual cost of generation are a couple of things that could help short term.

Long term, scrapping net zero for something a bit more sensible.

Building more nuclear, fracking, tidal - take control of our national energy policy.

[pip08456]

Originally Posted by TheDaddy

You don't clearly, Bernie Loony himself said a windfall tax wouldn't affect investment in the North Sea but why let that stand in the way of your fanaticism

So the North Sea is the only place to invest in energy self sufficientcy?

Don't you think SMR's would be a good investment?

https://www.rolls-royce.com/innovati...ction-overview

[jfman]

Originally Posted by Pierre

jfman and I rarely see eye to eye, but wacking on £130+ billion to our national debt at the moment when the cost of borrowing is going up is lunacy.

Taxing the operators more, and charging on the actual cost of generation are a couple of things that could help short term.

Long term, scrapping net zero for something a bit more sensible.

Building more nuclear, fracking, tidal - take control of our national energy policy.

What he said.

We all agree there’s some things better left to the market. It’s clear for energy that either way there’s a role for the state. The question after that is to benefit who exactly.

It’s difficult to rationalise that should be global energy companies already making supernormal profits in the absence of genuine competition.

By not taking control of these resources - or a sizeable proportion of our demand for them at a minimum - we leave ourselves exposed to being price gouged at every emerging geopolitical crisis. That hits our citizens and businesses equally, generating inflationary pressures and increasing instability.

[1andrew1]

It looks like the market agrees with jfman on this one. The Pound has dropped to its lowest level against the Dollar since 1985!
https://www.msn.com/en-gb/money/othe...omMaestro=true

Originally Posted by 1andrew1

It looks like the market agrees with jfman on this one. The Pound has dropped to its lowest level against the Dollar since

The dollar has been doing exceptionally well anyway.

It comes after the dollar continued its recent strong spell, which saw it hit a 24-year-high against the Japanese Yen earlier in the session.

The dollar has also closed in on a 20-year-high against the euro.