
What is the global price of gas? Is it NBP or Henry Hub? When you discover the answer you will also discover there is no global gas price, unlike oil. Also, the more oil/gas we extract ourselves, the better for our balance of payments = able to run economy at faster rate. Also, the better for government revenues = more public spending or tax cuts. Also, creates more high-paid jobs = more tax revenues. Also, extracting oil/gas from North Sea a lot cheaper than shipping in from abroad. Also, a lot fewer emissions. Now, what is about the benefits of more North Sea drilling you still don’t understand? If still puzzled just ask the Norwegians, who are fellow social democrats but unlike Starmer-Reeves-Miliband Labour have a firm grasp of energy economics.



















