RE:RE:RE:Economics 101Changing the game after companies have started producing on rules X which change to rules Y is essentially partially nationalizing the industry .
Again, how they are able to get away with this is beyond me . I guess they assume the producers will fold in thinking of suing the government . IMO they should do it and just let the lawsuits drag on for decades. Cheaper than giving the leeches $ 750 Mil just from VET . Never mind the billions from the big oil producers . And if the judicial system is truly independent of government , the producsers would win. These windfall taxes are autocratic abuses of power . We wag our finger at China and Russia and yet look what our democratic governments feel they can do.
Quintessential1 wrote: That seems very much like nationalizing O&G an option that I am kind of surprised they haven't put forward yet. They are afterall their resources.
After that they will have to pay the costs of their mismanagement for extracting their own resources.
They can of course tax the imported O&G if they can get anyone to deliver it.
They have hard decisions to make and their populous is going to have to pay for those decisions either way.
GLTA
Overertune wrote: The idiots in Europe will never wake up. When ng becomes more pricey next year. They will raise windfall tax to 100%. Until every oil/gas producer left.