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Who's going to pay for the extra duty he's going to charge the oil companies then??
It's maybe a good thing that the government have imposed windfall taxes on oil companies. here's why:
The statement that oil is about to run out is a bare faced lie, it is similar to the climate change scare tactics to make us all accept paying more for less. Peak oil predictions keep moving forward and always seem to be predicted "in just a few years" but never actually happen. Peak oil is a point where we are using more than we can extract, not that we are running out. The oil companies are using this scare to raise the prices and thus make more profit.
http://worldnetdaily.com/news/article.a ... E_ID=47169
Most of our supply problems are to do with the oil coming from politically unstable areas and wars zones.
Regards
Andrew