Re:For First Time Since 1800s, Britain Goes a Day Without Bu...
by EliRivers on Saturday April 22, 2017 @05:35AM
(#14171763)
On the subject of continuing to mine British coal, was it not simply more expensive than imported coal (or alternatives)? In the long-term, paying more than the market rate for someone's product just for the sake of keeping them in business, particularly for a fundamentally fungible commodity, doesn't seem like a good idea.
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Re:For First Time Since 1800s, Britain Goes a Day Without Bu...
by pbhjpbhj on Saturday April 22, 2017 @08:35AM
(#14172199)
That's basically it. But one can factor in the environmental cost of the import and the cost of paying unemployment benefit and things can look different. Relying on imports exposes the country to greater risks sometimes too.