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To: dalroi who wrote (94317)	9/6/2012 3:30:28 PM
From: Maurice Winn	1 Recommendation Respond to of 218633

I watched Eurotunnel from the beginning. A BP Oil colleague and I predicted exactly what would happen. We did NOT buy shares. We decided it was a giant make-work scam by the builders with the public shareholders expected to take the hit, with bankers thinking they would do okay. < Just point them to the economics of the tunnel under the channel which was a hughe loss> It didn't make sense other than as a scam. Note that Maggie Thatcher did NOT put public money into it, which no doubt was part of the plan. Yay Margaret Thatcher. They went ahead anyway but lost their money [other than those who set the thing up]. In the long run, it's one of those things that is useful to subsequent generations who did not wear the cost. Those who suffered the losses are dead and buried [many of them]. That's the way much of the world goes. Nobody who built the big hydroelectric dams are alive now [from the early 20th century] but they go on pouring out the electricity and water supplies so now are a great investment, no matter how they got there. Maybe the Auckland train tunnel will be like that. Rob the lives of people now, handing it to future generations who will not even think about the sacrifice made for them. I say leave people to live their lives NOW how they want to do. The Auckland train tunnel will be like the Eurotunnel in money losing, but will be far less useful in the long run. Surface transport is much more sensible for Auckland - we have the roads and the Google cars now approved for operation on actual public roads will be far more effective than troglodytic mole transport en masse from somewhere where they aren't to somewhere where they don't want to be, at great cost. There is no point in telling the powers that be. Or the public. They are ignorant and don't want to know. I was thinking of similar make-work projects for BP Oil investment, such as new motorways, [with BP petrol stations], which would generate huge profits during construction, which would also require large amounts of fuels, lubricants and bitumen, then provide room for millions of vehicles to roar around burning more fuel and paying road tolls too. Mqurice