Comments on: Rhodri looks down the well http://www.thisismytruth.org/2009/12/rhodri-looks-down-the-well/ ...now tell me yours Mon, 06 Sep 2010 07:51:53 +0100 http://wordpress.org/?v=2.9.1 hourly 1 By: Macsen http://www.thisismytruth.org/2009/12/rhodri-looks-down-the-well/comment-page-1/#comment-679 Macsen Tue, 29 Dec 2009 18:12:29 +0000 http://www.thisismytruth.org/?p=666#comment-679 Rhodri Morgan once again stating the bleeding obvious under the guise of saying a great unkown truth whilst not actuallu offering any remidy and doing that as it was some great truth too, I really don't see the point of Rhodri Morgan. The Objective One money has been wasted and then Morgan always says that there isn' much that governments can do. Why vote for him? There's no remidy for Wales except hope that another Admiral Turns up?! Is that it? What about creating a stronger financial infrastructure in Wales with its own exchange as the Libs and Plaid suggest; vary taxtion in Wales, and economy built more on land value tax, control over Welsh resources (water -which is specifically excluded from the Gov of Wales Act 2006) The man offers nothing. Eight wasted years - no vision only cliches. . Rhodri Morgan once again stating the bleeding obvious under the guise of saying a great unkown truth whilst not actuallu offering any remidy and doing that as it was some great truth too, I really don’t see the point of Rhodri Morgan. The Objective One money has been wasted and then Morgan always says that there isn’ much that governments can do. Why vote for him? There’s no remidy for Wales except hope that another Admiral Turns up?! Is that it?

What about creating a stronger financial infrastructure in Wales with its own exchange as the Libs and Plaid suggest; vary taxtion in Wales, and economy built more on land value tax, control over Welsh resources (water -which is specifically excluded from the Gov of Wales Act 2006) The man offers nothing. Eight wasted years – no vision only cliches.
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]]> By: Lee Waters http://www.thisismytruth.org/2009/12/rhodri-looks-down-the-well/comment-page-1/#comment-678 Lee Waters Mon, 28 Dec 2009 09:50:10 +0000 http://www.thisismytruth.org/?p=666#comment-678 Jeff, there's two issues here. Oil production is declining in the North Sea therefore there's less tax revenues - Rhodri's point. But there's also the issue of energy supply. Our economy is predicated on the availability of cheap oil. Of course there is oil left - it'll just cost a lot more to get out. Rhodri's analysis only focused on the first issue. So though we do need to find new sources of tax revenue by recalibrating our economy with a greater emphasis on manufacturing. But we also need to think about how we do without cheap oil. Sure, technology can help us get away with needing less. But we also need to address the way we consume and behave. Jeff, there’s two issues here. Oil production is declining in the North Sea therefore there’s less tax revenues – Rhodri’s point. But there’s also the issue of energy supply. Our economy is predicated on the availability of cheap oil. Of course there is oil left – it’ll just cost a lot more to get out.

Rhodri’s analysis only focused on the first issue. So though we do need to find new sources of tax revenue by recalibrating our economy with a greater emphasis on manufacturing. But we also need to think about how we do without cheap oil. Sure, technology can help us get away with needing less. But we also need to address the way we consume and behave.

]]> By: Jeff Jones http://www.thisismytruth.org/2009/12/rhodri-looks-down-the-well/comment-page-1/#comment-677 Jeff Jones Mon, 28 Dec 2009 08:40:53 +0000 http://www.thisismytruth.org/?p=666#comment-677 What's new Lee? Everyone for years has known that one day the oil and gas reserves in the North sea would run out. Production probably peaked in 1999. Without more investment, the industry argues that a great deal of oil and gas could even be left in the North Sea. At the moment production is dropping at about 5% per year. The worst case scenario could see the North Sea producing only about 12% of the UK energy demand by as early as 2012. The industry's solution is more investment driven by tax breaks. A bit difficult for a Chancellor who with falling tax revenues gets about 30% of corporation tax from the North Sea. For over 30 years everyone has known about the likely effect of the decline of the North Sea revenues on the UK economy. The failure to plan for the future is yet another example of the short termism in energy production which has dominated the policies of successive governments. Unfortunately those who will pay for the failure of politicians to plan for the 21 st century will be our children and grand children. We all know what the problem is. The real hard bit is producing a solution and I'm afraid a dozen Admiral Insurance call centre operations is not the answer. It's a nice sound bite but it doesn't really scratch at the surface of what is required. Politicians could start by being honest about the mess we are in and prepare people for the long hard slog to recovery over the next 30 years. What’s new Lee? Everyone for years has known that one day the oil and gas reserves in the North sea would run out. Production probably peaked in 1999. Without more investment, the industry argues that a great deal of oil and gas could even be left in the North Sea. At the moment production is dropping at about 5% per year. The worst case scenario could see the North Sea producing only about 12% of the UK energy demand by as early as 2012. The industry’s solution is more investment driven by tax breaks. A bit difficult for a Chancellor who with falling tax revenues gets about 30% of corporation tax from the North Sea.

For over 30 years everyone has known about the likely effect of the decline of the North Sea revenues on the UK economy. The failure to plan for the future is yet another example of the short termism in energy production which has dominated the policies of successive governments. Unfortunately those who will pay for the failure of politicians to plan for the 21 st century will be our children and grand children.

We all know what the problem is. The real hard bit is producing a solution and I’m afraid a dozen Admiral Insurance call centre operations is not the answer. It’s a nice sound bite but it doesn’t really scratch at the surface of what is required. Politicians could start by being honest about the mess we are in and prepare people for the long hard slog to recovery over the next 30 years.

]]> By: Dic http://www.thisismytruth.org/2009/12/rhodri-looks-down-the-well/comment-page-1/#comment-676 Dic Sun, 27 Dec 2009 20:49:26 +0000 http://www.thisismytruth.org/?p=666#comment-676 We've certainly had plentiful supplies of gas emanating from Rhodri et al in WAG on the economy. It's still in a complete mess and not even moving in the right direction. We’ve certainly had plentiful supplies of gas emanating from Rhodri et al in WAG on the economy. It’s still in a complete mess and not even moving in the right direction.

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