Jonathan David Lamb

@SteveAkehurst Luxury beliefs You would throw people out of a job and reduce tax revenues because it makes you feel good. That is morally reprehensible.

The best argument against barring future licenses concerns jobs and industry in Scotland. At least there you can argue the toss - our responsibilities to current workers vs future generations. The rest of this debate I find a bit mind bending tbh.

Two basic things that used to be uncontroversial: - the vast majority of North Sea oil is sold abroad, so cannot meaningfully contribute to UK energy security - gas and oil prices are set internationally, what’s left in the North Sea is too small to move it

@LizWebsterSBF The WHOLESALE price is set by gas The WHOLESALE price is set by gas The WHOLESALE price is set by gas The WHOLESALE price is set by gas The missing word makes all the difference

Spain’s energy is cheaper because they generate much more of it from renewables, which have no ongoing fuel cost, and they’ve taken steps to stop expensive gas from setting the price of everything. In the UK, even when electricity comes from wind or solar, the price is still often driven by gas which is traded globally so we end up paying international prices. Spain 🇪🇸 has reduced its exposure to gas, while the UK 🇬🇧 is still tied to it.

This is only partially true. Poland's Orlen or Turkey's Tupras will not be disadvantaged at all in their supply of Saudi Crude oil. Those East of Suez however....

@StopCambo Will only provide jobs and tax revenue and marginally reduce the current account deficit

Reminder that the Rosebank oil field: - won't bring down bills - won't improve energy security (mostly oil for export) - will only make oil giants richer while accelerating the climate crisis #PMQs

@andrew_leach Unfortunately the places with the most earthquakes tend to have the least gas

@JonathanDLamb But, are we able to find the gas by listening during earthquakes? I might use this in class today.

I have been blocked and I can't reply so a simplified explanation: Resources: Geological concept, the amount of oil and gas is present Reserves: Economic concept, what an oil company believes they can produce economically

@25_cycle @RenewableUKCEO @spectator You know that reserves are an economic, not geological concept? Reserves are what we know are there AND can profitably produce at today's prices. If nobody drills exploration wells, we will never find anymore.

@JonathanDLamb @RenewableUKCEO @spectator According to the last 10 10 BP reports on total UK known reserves, you have 4.7 years left at current usage, and that would require a great deal of effort. So for all practical purposes you'd be scratching the surface and done

Why wind power isn't “woke”, my piece in today's @spectator. The North Sea matters but won’t cut bills - we pay the global price for gas. Fracking is unpopular and wouldn’t change that. SMRs are promising but distant. Wind is the practical, affordable option to build right now. spectator.com/article/wind-p…

@renewablesmiffy @RenewableUKCEO @spectator New domestic gas would displace the most expensive LNG cargo. It's basic economics. Fracking failed because of regulation. Perhaps it would have failed anyway, but we only ever drilled one shale play and we have multiple ones.

@JonathanDLamb @RenewableUKCEO @spectator You could drill the life out of the North Sea but price impact would be negligible. Fracking failed to deliver anything in the UK after a decade trying. The UK is massively different to he US in shale resource and geology.

@gnievchenko @truthbetold1x I am always bemused at political reactions to very high prices. Licences and regulations can give the upside at extraordinary prices to the treasury anyway. Noone invests in a new oil field expecting prices to reach $150/bbl, so it could be done without discouraging investment

@truthbetold1x @JonathanDLamb Could the government not contractualis a concession condition which gives the British consumer optionality to purchase, say 20% of production, if price blows past a certain threshold.

I keep seeing this argument made. Increasing domestic production of gas does not make us more reliant on gas. I cannot believe that this has to be said. It makes us less reliant on IMPORTED gas, which improves energy security and marginally reduces prices.

@CoulsonFlooring @D03963103 @ClaireCoutinho @CommonsSpeaker No because it is a gas field

@D03963103 @ClaireCoutinho @CommonsSpeaker Do the British people GET THE OIL?

The Jackdaw gas field in the North Sea could be up and running in just a few months. Enough gas to heat 1.6 million homes. Every single drop will go into our pipes. Ed Miliband is blocking it. Madness.

@colinwalker79 No he isn't, he is saying we should produce more of our own.

Man says we should all buy more of the product that his company sells

@ECIU_UK Even assuming this is true, do you always leave the last 10% of your beer undrunk?

Around 90% of UK North Sea oil and gas ‘already drained dry’ – analysis Official UK oil and gas statistics and projections suggest that 93% of the oil and gas that is likely to be produced from the North Sea has already been extracted. eciu.net/media/press-re…

@JonathanPieNews @bijolandendall Renewables cost more than the wholesale price of gas, so this is a red herring.

@bijolandendall But it's not. Investments in renewable energy and building new infrastructure are estimated to add roughly £100 to household energy bills. The biggest driver of high energy bills is the wholesale price of gas. And drilling doesn't change that. And Tice knows it.

UK energy expert? Last year the cunt earned a mere £4.3m, down from the £8.2m received in 2023, due to falling profits. That's why he wants to drill. Got nothing to do with our bills! And you know it!

@renewablesmiffy More gas would reduce prices, if you claim otherwise you don't understand UK gas markets. Carbon cost destroyed our industry which increases the prices of everything you listed. Try to understand the concept of export parity and import parity pricing.

Drilling more North Sea Gas does absolutely nothing to lower the prices of Fertilisers Textiles Plastics Chemicals Solvents and cleaners Paints Food Petrol and diesel Lubricants Rubber Synthetics Flights Shipping It is a massive distraction to our real energy challenges

@DaleVince That would lead inexorably to blackouts.

Richard Walker is right, we need to act to prevent runaway profits off the back of runaway oil prices - the best way to do this is impose a price cap on wholesale energy. We already have a price cap on retail energy, introduced by the Conservative Party - so there should be no question of such a thing being anti business - they only did half the job though, while we let wholesale prices soar with global markets we allow household energy bills to soar with them. And the impacts of that go way beyond unaffordable energy bills and increased poverty - in the last energy crisis Bank of England lending rates were 1% higher than they otherwise would have been and inflation was 1.5 percentage points higher - energy bills have a major impact on the wider economy. Labour needs to act now - and not just bung billions at the problem (high bills) but cap bills at the source. thetimes.com/uk/politics/ar…

@Daves1412 @mr_james_c The dying oil and gas continues to grow every year. It will die when we can feasibly replace it, not because we sabotage it.

@mr_james_c O&G is dying anyway. Different situation. Ultimately we are terribly non strategic and we need to be far better at looking generations ahead when deciding policy. Far better at communicating it, too. Strategy, strategy, strategy!

It's odd that the "Thatcher is evil because she destroyed industrial jobs in Northern England" people seem to be very very quiet about Miliband and Labour doing *exactly the same thing* to Britain's oil and gas industry, steel industry, petrochemicals industry, farming, pottery industry, hospitality industry... basically any industry that uses electricity.

Allegedly designed for both investors and consumers but.... The strike price is nearly always higher than gas fired power. That said the older contracts pay a subsidy even if power prices are sky high.

More details here: gaz-system.pl/en/for-media/p…

Talk about timing. Gaz System has launched an Open Season for its proposed FSRU project for Gdansk.