Is it time to Nationalise the energy industry?

[Saddleworth2]

Surely we should be using the profits as a nation to cut household bills rather than line pockets of shareholders.

what do you mean by the energy industry - the whole thing end to end including the gas and oil fields?
There is a half way house - the Norwegian model which means from the start they run a nationalised oil and gas extraction industry alongside privately owned companies such as shell. They have other measures in place which prevent them being screwed by companies selling their own gas back to them + with the profits from gas and oil they started a fund for the long term financial good of their country - currently has approx $1.4 trillion of assets. SNP had advocated a similar model way back.

Cant see the point of privatising the likes of British Gas - we could still be held for ransom over gas prices. There seems to be no such thing as a strategic energy policy from the government though - that looks at key stuff like gas storage and ensures we have enough to ride out price bubbles like this one.

The current situation stinks to high heaven though, pushing many families into fuel poverty whilst Shell profits go through the roof and refuse to apply a windfall tax to help.

They are fucking bastards.

 

[bluethrunthru]

Just about everything that the Tories nationalised costs the consumer way more than it should but is shittier than ever - of course they retain the default view that private is best.

 

[Mr Kobayashi]

Sounds like he isn't in favour

Seems a bit like triangulation. Although even Corbyn's Labour preferred to talk about "public ownership" rather than nationalisation.

 

[Grassland Blue]

Yes the energy network should not be a profit based entity for a limited number of shareholders, all money should go back into the network and keeping it affordable for all.

Gas, Electric, Water, Steel, The Railways, Coal, Royal Mail, have all been sold off.
Civilised life should be a basic human right - but sadly it isn't.
Privatising the NHS will remove the last vestige of hope and sanctuary for a hell of a lot of people.
Scenario -
Surgeon, "Well Mr Jones the good news is we can save your life".
"Always assuming that you have sufficient funds available of course".

 

[blueish swede]

It is nationalised. It's owned by the Chinese government.

 

[Saddleworth2]

Gas, Electric, Water, Steel, The Railways, Coal, Royal Mail, have all been sold off.
Civilised life should be a basic human right - but sadly it isn't.
Privatising the NHS will remove the last vestige of hope and sanctuary for a hell of a lot of people.
Scenario -
Surgeon, "Well Mr Jones the good news is we can save your life".
"Always assuming that you have sufficient funds available of course".

Just swipe your card on the reader fixed to the side of the operating table sir. We will put you under once your pin has been accepted.

 

[mat]

Looks like the greedy cunts are looking at "Surge tariffs" to screw us even more.

So you'll be cooking your dinner at 3am to avoid being fucked over in "peak"

 

[WestGorton]

100 per cent.

 

[The Future’s Blue!]

Is it just me who has become a **** with energy. I’d rather freeze and eat cold food than give the profiteers extra money.

This is not just a flash in the pan, this is the energy companies setting their stall for years to come.

 

[bluethrunthru]

The thread title is seductive but impractical