blackcab
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Yes, indeed. A BG bloke was interviewed on Today this morning and the presenter asked why they can't hedge to nullify the rise in wholesale prices. He gave some flannel and basically said 'well yes, but no'. So, in theory why can't BG hedge completely? Is it just because of their size and if not, what's to stop them?
BSD
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options, I have no doubts that you're right, but if one thinks about that, isn't it rather amazing that they (and all other companies in a similar situation all over the globe) can hoodwink everybody and all of the media into ignoring what's going on, while customers all over the world think they have no choice but to pay up because of rising oil / gas etc costs ?
It is amazing yes.
But it has and probably always will happen.
Big companies may have been caught out the first ever time there was a crash/inflation/correction etc.
But then the wise ones (the others follow later) would have worked out the way to offset disastrous events if such a thing happened again. (And it always will again. Over and over again).
Would the public be knowledgeable on the entire internal dealings of large corporations?
Another ruse for the privileged few to amass more money?
If not, why is there an idiot in charge of running a major corporation that has no clue as to what may be around the corner. Anyone that high up in the corporate world knows in his first week at economics school that that 'boom and bust' cycles prevail.
They tell us what to do and we do it. IE bills are rising we are taking more money off you.
But it has and probably always will happen.
Big companies may have been caught out the first ever time there was a crash/inflation/correction etc.
But then the wise ones (the others follow later) would have worked out the way to offset disastrous events if such a thing happened again. (And it always will again. Over and over again).
Would the public be knowledgeable on the entire internal dealings of large corporations?
Another ruse for the privileged few to amass more money?
If not, why is there an idiot in charge of running a major corporation that has no clue as to what may be around the corner. Anyone that high up in the corporate world knows in his first week at economics school that that 'boom and bust' cycles prevail.
They tell us what to do and we do it. IE bills are rising we are taking more money off you.
BSD
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Slightly off tangent but your remark RE idiots in charge of running major corporations brought back Warren Buffetts statement that he would rather be throwing out newspapers at dawn on a paper route to make a living than running a big company. (Berkshire Hathaway itself as the holding only employs a handful of people).
I'm with him on that must admit.
I'm with him on that must admit.
Atilla
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It's NEW stealth tax.
Effing political parties can not raise taxes under any condition.
No citizen will vote for any political party that dare raises the tax word. They only talk about reducing taxes by better managing the economy.
Hence, government has given nod to all utility and energy providers to raise prices 30%+ across the board...
You will then see windfall taxes introduced (as already mentioned) to claim back monies into government coffers.
Can't see this ever improving given the nature of politics today...
Trader333
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What evidence is there to support this statement ? Whenever governments have attempted to do this sort of thing in the past they have got a good kicking and I simply don't believe this at all. The real issue is that we didn't do what the French did 25 years ago and plan a comprehensive energy policy that is now paying dividends that the UK can only dream of.
The idea that this is a way of generating more tax makes no sense to me. This is because the increased costs and business closures due to soaring energy costs (which is happening at an alarming rate) and the subsequent loss in tax from all these business failures, would offset by a long way any stealth tax benefits the government would get.
Paul
chilltrader
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This definitely sounds plausible.
The government is also calling for windfall taxes on Oil companies.
Seems like a clever plan to keep the chavs floating.
The government is also calling for windfall taxes on Oil companies.
Seems like a clever plan to keep the chavs floating.
It's NEW stealth tax.
Effing political parties can not raise taxes under any condition.
No citizen will vote for any political party that dare raises the tax word. They only talk about reducing taxes by better managing the economy.
Hence, government has given nod to all utility and energy providers to raise prices 30%+ across the board...
You will then see windfall taxes introduced (as already mentioned) to claim back monies into government coffers.
Can't see this ever improving given the nature of politics today...
Atilla
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1. Political party (Labour in this case) do not raise tax but allow natural monopoly / oligopoly structured industries to charge inflation busting price increases to reduce disposable income.
2. Political party (Labour in this case) reduces inflation purely by mathematics.
Fact! petrol, electricity, gas and water prices will not rise next year (after astronomical rises this year) and may well even come down and thus bringing inflation down from 4-5% to 2-3% or more. (Isn't Labour great :cheesy: at managing the economy :cheesy
. 3. Political party (Labour yet again - what a surprise
) charges windfall tax on these companies to reign in revenue for public coffers. Bet Torries cough and splutter on this one... Can no one else see what is going on here???
