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Friends and readers. A reader has written to us about the TV mini series Crude Britania a three part documentary about North Sea Oil.

If ever there should have been a legacy to the Nation this was it. But no The Thatcher Government used it to pay for her destructive policies including over 3 million unemployed. The humanitarian disaster that was Thatcher mis-used oil revenues and allowed private companies to exploit both the North Sea and the Brittish people. What have we got to show for the rich years of North Sea Oil? Very little other than what might have been.

A quick look at what the Norwegian Government did shows us all what could have been done with the riches got from the North Sea.

The Norwegian Community Oil Fund was set up to protect and invest for the future,and by all accounts it is a success. At the last count the fund had roughly 600 billion yes you read it right 600 billion pounds to invest in the interests of the Norwegian people.

Where we ask is the Brittish Community oil fund,or anything like it. Non existant of course,so for all those day dreamers that regard the Thatcher legacy as a good one should think again,for it left us without a pot to p— in,and nothing to show for all the Oil rich years except decaying rigs and holes in the ocean floor.

This kind of Bonanza will never come again  all the good that could have come from it ended up paying for lengthening dole queues and right wing destructive policies.

Britain was once named the poor man of Europe add to that stupid and careless with the Nations legacy. The Torries single handedly robbed this nation of a promising future were oil revenue investments if used properly could have brought a return for the people of this nation and done much good in places were it was and still is desperatly needed.

We the Brittish people handed Thatcher the right to give away this Nations future,and she did it gladly. She hated Scotland and made sure that Scotland would never benefit from Oil revenue.

Tony Benn once Energy minister in a Labour Government tried to make sure that oil revenues ended up in Britain. That was put to bed by Thatcher who immediatly once in Office disbanded the mechanism by which Britain could have benefitted from Oil revenue.

So what did Crude Brittania really tell us?It told us that we had a once in a lifetime opportunity which was squandered by politicians more concerned about smashing the power of the people more than empowering the people.

Today Brittain and it’s people are suffering in the world recession again created by greed and paid for by Joe average. Might an Oil Community fund have helped us through this downturn?who knowes but it would not have done us any harm.     

This entry was posted on Sunday, July 5th, 2009 at 11:09 am and is filed under No Category. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.