Now that I’ve stopped laughing at grimep’s ridiculous post, how about some facts regarding UK oil and gas production.
Most of the oil produced in the UK is sold on International markets so stopping any new licences will do nothing to change oil security in the UK – nor will it have any impact on pricing. As an aside, the UK does not have refining capacity for most of it’s North Sea production.
As for gas, it’s a little different in that production enters the UK network but, thanks to interconnecters, gas can be imported/exported as required.
Producers have been reducing their reliance on fossil fuels by expanding into the green energy sector for many years.
In summary, the claims that a ban on new North Sea licences will…wreck the industry, increase reliance on imports, increase prices, increase fuel insecurity are demonstrably false.
As always, the 4Fs apply here – First Find the F’in Facts.