The Anonymous Widower

Onshore Oil Extraction in the UK

They’ve just talked about this on the BBC.  I once discussed this with one of Britain’s foremost experts on natural resources. He told me that the most promising area was actually Surrey for oil, but they would meet lots of opposition.  On the BBC they were talking about Dorset being very promising.

His solution to the opposition was very simple. For each barrel of oil or tonne of mineral ore, there should be a local extraction tax paid to the local authority.  At present all goes to the Treasury to waste, but just imagine how an English county could be tranformed with the revenue, spent according to the needs of the local people. They would welcome the inconvenience and jobs, but on their environmental and contractual terms.

June 16, 2010 - Posted by | World | ,

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.