Labour Taxes North Sea Oil at 78 Percent
Britain’s Most Profitable Oil Field Is HM Treasury LONDON, England — Britain has discovered the world’s most efficient oil company. It owns no rigs, drills no wells, employs no roughnecks and has never once lost a boot in the North Sea. It’s called HM Treasury. While actual energy companies spend billions searching for hydrocarbons beneath freezing water, the Treasury merely waits for the word “profit” and arrives with a bucket.…