I’ve been reading up on some of the debates that have been ongoing in the European Parliament & Commission about how to tackle soaring fuel prices.
On the one hand there is the French, and to some extent the UK, who want to force through a stabilising measure that will cap VAT on fuel in certain circumstances - specifically, they propose to institute a mechanism that cuts back VAT if the barrel price of oil surges, so for example if oil reached $150 per barrel, the VAT would remain at the level charged for $130 a barrel.
On the other hand there are the Germans and Swedes who are adamantly opposed to this on two grounds:
a) The EU has no business distorting natural market forces (bit late to worry about that now!).
b) They believe that the surging fuel price is as a general result of the dimishing supplies of fossil fuel, and the EU should not use short term knee jerk reactions to prop up conventional fuel systems, but should use the prevailing situation as a catalyst for driving new ways of fuelling.
I can see the need for debate on this, but really, the fact that British supermarkets were able to make bigger impact on the wallets of drivers than the entire EU must tell us that the EU is not working properly.
I applaud the fact they are having a serious and high minded debate about a serious issue, but debate on its own is not enough.
The most notable thing about the report I read was the comment from the Swedish Prime Minister. He said that if Swedes are finding it difficult to fill their cars up, then they should go out and put longer hours in at work, and earn it.
Brave man.