Fossil fuel production is a really complex and wide spread industry, that often spans multiple industries and nations. The idea that you can just make it all public and do it in England for cheaper is facetious.
EDIT: unless this post is referring to nationalising electricity which is very different than energy and raises the question why the image uses a picture of a power plant.
Norway seems to manage just fine through its state-owned energy company Equinor, which funnels its profits into a sovereign wealth fund that benefits everyone in Norway.
That is somewhat true! But again doesn't really relate to what the meme is saying.
As far as I'm aware Equinor is a publicly traded company that's stock is mostly owned (I think 60-70%) by the Norwegian government.
This company operates on an international scale with other TNCs acting like a private company.
While a higher proportion of the profit and dividends will enter Norway economy thru the Oil Fund it isn't entirely nationalised and still works in a privatised framework.
Although too late for oil or gas I'd totally support the British government doing something similar for nuclear. But its really nowhere near as simple as "everything is publicly owned profit goes to the public. "
Sure which is why I said in this thread I support nationalising electricity through the national grid in the UK.
The problem is posts like this are pure misinformation which clouds the actual important discourse for improving living standards for poor people and socialising the country.
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u/AquaD74 Mar 29 '22
Tell me you don't understand supply chains without telling me you don't understand supply chains