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Oil producers in the UK slam the windfall tax, the tax was put into place to damage the oil industry. Trump is bringing back industry that Obama and Biden pushed away. OBBB is going to expose the upside down system and Fed. Trump is pushing it to pass the Senate. DOGE cuts will come in the next bill. Florida will recognize gold and silver as legal tender. It has begun. The [DS] has been caught in the act of treason, this goes all the way back to Trump's first term, but what the people are going to see is that plandemic was used to over through the US government to install a puppet government. Besides the rigged election the autopen is the biggest scandal because it shows that Biden had no idea what was going on and the unelected were running the country. Year of the boomerang.
Economy
North Sea Oil Producer Slams The UK's Windfall Tax
The chief executive of Enquest criticizes the UK's Energy Profits Levy, claiming it is doing "irreversible damage" to the oil and gas industry and discouraging investment.
Due to the heavy tax burden, the company is planning a "disciplined approach" to investment and expects to pay a significant amount in windfall tax in June 2025.
Enquest argues that the UK is the only country levying a windfall tax on its domestic energy producers where no windfall profits exist, further impacting competitiveness.
The boss of Enquest has slammed the windfall tax on oil and gas firms as doing “irreversible damage” to the industry and “driving job losses across the sector”.
It is designed to tax the extra profits these companies made due to surging energy prices after Russia’s invasion of Ukraine.
Initially, the rate was 25 per cent, but it later jumped to 35 per cent in January 2023.
Source: zerohedge.com
meantime, Canada fished, and did very well in these formerly unrestricted areas. Immediately upon Sleepy Joe taking Office, his “AUTOPEN” rejected the Deal that I made for the people of Maine, greatly hurting the Fishermen and women. They call it a restricted “Environmental Monument,” an Ode to the Environmentalists doing everything they can to destroy our Country. In actuality, it was a punishment to the State by Obama/Biden. Additionally, I have done much for the wonderful Lumberjacks, who voted for me in great numbers. In fact, I won Maine-2, BIG. In any event, and as the World knows, I ended up winning the Election of 2024 in a LANDSLIDE, and am now working diligently to bring these valuable Fishing Rights back to Maine. Unfortunately, I have certain obstacles that only your Political Leaders can tell you about!
Goldman analysts surprised to learn that policies of energy independence lower prices for the poor
Goldman, and most other investment advisors, along with almost all media outlets, seemed to have no idea that completely reversing Biden’s energy policies would lower prices. From an article at Zero Hedge:
They say that the lower gas prices, due to the policy changes, have unexpectedly helped those at the bottom. How the heck could that be unexpected? Energy prices affect everyone, but especially those who earn less. Trump’s policies helped the poor in his first term, and they clearly will again.
All the experts seemed shocked and surprised that inflation soared when Biden set out to destroy all oil, gas, and natural gas companies. They also had no idea that printing massive amounts of money, issuing regulations as fast as they could, and opening borders to anyone who wanted to come would le...