| Topic: | Reply | |
| Posted by: | Michael Ixer | |
| Date/Time: | 12/03/26 19:41:00 |
Mr Hawkes, my understanding is our oil and gas would go onto the world market - again a bad decision by Thatcher's government to abandon the BNOC ownership of oil and a sovereign wealth fund (like Norway) and sell it to the oil companies for tax and royalties. It's interesting that even with Trump's "drill baby, drill" policy in the US oil prices are rising because of global market increase.Yes, we are still living with the Thatcher mistakes, several decades later. Anyway, even if we start drilling now the US/Israel-Iran war will be over by the time it flows so best look at the long term strategy of renewals? If it's not over within the year we have WWIII and, as Einstein said, the war after the next, WWIV, will be fought with stick and stones. Let's hope someone in the US knows how to stop it; Trump's statement that the war is over doesn't seem to be in accord with current Iranian actions in the Gulf - or Israel's in Lebanon - or the US's for that matter? I think the UAE et al are possibly losing patience with Trump as something they didn't want is killing their economy. Also, if oil to China is constrained, will they intervene to open it up? |