Bug Excrement = Fuel of Future
Bug Excrement = Fuel of Future
(OP)
This is an article in the Times where scientists claim to be able to produce hydrocarbons as a waste product of genetically modifed single cell organisms. At the moment I'm paying £1.30 a litre for diesel, I wonder how much bug faeces will be, and how much tax it will carry?
http://w ww.timeson line.co.uk /tol/news/ environmen t/article4 133668.ece
http://w





RE: Bug Excrement = Fuel of Future
RE: Bug Excrement = Fuel of Future
A pump price of diesel at 127.9/litre is made up as follows:
Duty = 50.35
VAT = 19.05
Product cost = 45.98
Retailer/delivery = 12.52
So Mr Browns* current take is 54% of the pump price - can't see him (or any of his successors that have to pick up the peices of yet another failed tax and spend government) losing that amount of revenue, so whatever fuel replaces gasoline (if ever) its going to be heavily taxed so that the pump price has no relation to the cost of production.
* We all know that its now Mr Darling, but his boss still pulls the levers
RE: Bug Excrement = Fuel of Future
Interestingly someone commented that fuel sue had dropped by 25%. If this was a direct result of fuel prices there'd be some justification for tax as a mechanism to control use. However. 25% reduction is a also a 25% reduction in tax received so the next step would be to softpedal tax increases to encourage fuel use (and tax generation) back up again.
JMW
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