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Originally Posted by British-Conservatism
Former UK companies that Thatcher sold are now very often in foreign hands.
Oil and Gas for example is a ridiculous situation where these companies sell our oil resources and gas resources abroad then we have to import from the likes of Russia.
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Correct me if I'm wrong, but we export it because it fetches a higher price than what we buy it in for.
Quote:
Originally Posted by British-Conservatism
Hence why Russia is nationalising huge swaths of its energy industry and now trying to nationalise ours.
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You do realise that if it ever came to it and a foreign owned company in the UK tried to shut own something like energy production (which I agree with Smidgey - would never happen, it's not compatible with the profit motive), that we could just nationalise the necessary infrastructure and start producing energy again?