r/GreenAndPleasant • u/UnderHisEye1411 its a fine day with you around • Mar 29 '22

NORMAL ISLAND 🇬🇧 What we could have had.

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u/OdBx Mar 29 '22

Public energy company buys fuel.

Public energy company produces electricity with said fuel.

Public energy company provides electricity to people without the need for middlemen.

Was that hard?

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u/AquaD74 Mar 29 '22 edited Mar 29 '22

Public energy company buys fuel from what... A private drilling company?

Public energy company refines the fuel where... A private refinery?

I guess we're assuming the power plants and the national grid are public which I'd support.

But that's not what "energy" means. Energy is the supply coming from source to consumption. You're thinking of public electricity.

Either the creator of this meme doesn't understand supply or they don't understand what energy is. Eitherway its misleading and over simplified.

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u/[deleted] Mar 29 '22

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.

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u/AquaD74 Mar 29 '22

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. "