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Tuesday, April 3, 2012

Fair Fuel: fair to whom?

I am begining to wonder if some people understand what joined up thinking is. Low tax on fuel may not be a good idea and here is why:
  1. Oil is a limited resource, the consensus is that we are over dependent on it in the west and if the oil producing countries suddenly stop producing oil for some reason our own supplies are even more limited. We are an oil consuming; while not really an oil producing nation, Europe's supplies are due to run out in two years and I suspect most of those are in Eastern Europe. Some oil producing countries are very volatile politically. So long term oil will run out, short term we are rather dependent on friends where perhaps we would be wise not to be. So anything that means we should use less, being more cautious about what we use may be for our own long term health. What is more my Chemistry teacher argued that oil is such a valuable substance it should not just be burnt up and that goes back to 1980s. It seems to me it is pay now or pay more later.
  2. You have heard of global warming, the theory suggests that to some extent it is related to increase in carbon dioxide in the atmosphere. The bi-product of burning oil in a combustion engine is carbon dioxide which is put out into the atmosphere. Given the effects that can cause I suspect we should be trying to minimize rather than increase the risk for the sake of the whole planet.
  3. Finally we will talk about how high oil prices makes UK industry uncompetitive with other industry. Keeping oil prices relatively low in the developed world has often been a method of enabling UK industry to out compete local industry in third world countries, sometimes the need to do this had led to quite drastic situations such as Ogoniland Oil Spill
Need I point out that if paying more for our petrol, food and other goods now, weans us off our culturally high dependency on it, it may well be good for the whole planet. It seems to me that much of the present outcry is about preserving our present lifestyle at the expense of the poor and the future. Some how that seems selfish.

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