Edward Ware
5.9K posts

Edward Ware
@Ed_Ware
Founded 32Red in 2002. Horseracing fan. Mostly at home in Gibraltar


Ratcliffe is incoherent - all of the oil and gas we produce here in Britain is sold at the global market price. No amount of oil produced here can in that case save us a single penny. Importing fossil fuels does not mean we pay more. Drilling in the north sea will take years to deliver globally priced fossil fuels and Rosebank will cost nearly £3 Bn in tax payer subsidies to it’s Norwegian owners - and….none of the oil will land here in Britain. So what sense is Ratcliffe making here, other than to shareholders in Rosebank and other oil companies. This is another fossil fuel crisis and we can’t solve it or help ourselves at all - by pouring more oil onto it. telegraph.co.uk/business/2026/…



























