Natural gas and oil are natural resources of the planet we live in..?

So its fair to say that we as a world of Nations should have a say in what happens to it right ????.....Wrong !!! British Gas made 540 million pound profit last year... Was that what it cost to find it , collect it and pipeline it to our homes ??? I smell something, and it aint gas !!!


sorry for the posting in this section, but politics is the nearest to bull s++t I could find...Natural gas and oil are natural resources of the planet we live in..?
They argue they need it to invest in the gas pipe infrastructure and to pay dividends.





They should be in public ownership as they can never be a proper PLC,as they are not in a true competitive situation.They charge crazy prices claiming high wholesale prices,yet never reduce by equivalent amount when prices are low.Got to re-nationalise itNatural gas and oil are natural resources of the planet we live in..?
If you discovered oil in your backyard, would you claim that the oil belonged to you and make what money you could out of it, or would you surrender it to the UN since it ';really'; belongs to the entire planet?
Is there a question in here?


Also if we live in this world of nations is that why the Russians turn off the gas when ever they want to show people who the boss is?
Your question?


Oil into gas is still the cheapest form of energy. The pipes bring the gas to our homes, instead of hauling wood, etc. Think of the wasted energy if we all had to go and fetch our own energy source.


Because the USA doesn't drill where we have oil we have to import the oil thus we send billions to foreign countries.


Remember when diesel was cheap? Look at the cost now, the same will happen if we go to natural gas.


If the US doesn't drill for more oil then the world will see real high gas prices.
Natural resources belong to whoever owns them, whether it's on the land one owns or whether one buys it and uses it.





As for the natural gas, the price is what people are willing to pay for it. Not how much it costs to produce and transport. You're confusing price and cost. Plus the profit is what's on top of the expenses. Here you're confusing profit and income.





It's also important to point out that natgas's price is highly volatile and they aren't making so much right now. Also, it's getting more difficult to find fossil fuels (oil moreso then natgas, but both are getting more difficult to locate). The money these companies made will be needed in order to make sure the world is well- supplied.
Most of the natural resources were privatised during the 80s and have preformed considerably well compared to when the government owned it. The problem with our Island isn't the price of Gas. Its the price of hoarding it. We don't have sufficient containers so we are selling the excess to germany etc in the summer for cheap prices...and then buying it back for top dollar...or euro in the winter.