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Originally Posted by hoon
Good news that the sailors have been released now and that's sent oil prices downwards again  |
Why would lower oil prices be good news if you are in the UK? The UK is a net oil exporter and you the citizens make money off of higher oil prices. For every penny extra at the pump it's probably 3 or 4 pence into the other pocket. Here in Alberta for every extra cent at the pump due to rising world prices it's 11 cents per capita extra revenue into the provincial treasury.
Your issue is with U.K. taxes and not higher oil prices. The UK is richer when oil prices go up. It's the citizens of net importing countries that should be pleased when prices drop.