The former Prime Mentalist will be crowning his distinguished career as a politician with a speech today demanding the government nationalise the sea. McMental will call for the establishment of a state financed reserve fund to prop up the North Sea oil exploration as prices plummet. He will also argue for tax breaks for the industry in the March budget and call for the government to be ready for nationalisation in the event of the private sector deciding to mothball their operations. Bailing out the North Sea…

This is the same Gordon Brown who levied a 10% supplementary tax on North Sea oil, then doubled it to 20% – taking oil corporation taxes to 50%.

Black gold…