Paddy Blewer
82.9K posts

Paddy Blewer
@Padsky
Personal a/c. Comms & reputation. Energy&capmkts. 20 yrs FSU, lots MENA. MA @warstudies. Munster/Spurs/cricket/boxing, food&booze. Husband & Dad



Fake


"Two gas traders said they were struggling to process the news after Iran launched a double-tap strike, firing ballistic missiles into the [Qatari LNG] facility, first on Wednesday night then again in the early hours of Thursday morning." ft.com/content/5b66d9…

Seriously? Gen X did it without being about to look stuff up on the Internet. Boomers did it on a typewriter or by hand.






Thoughtful analysis by @EdConwaySky He doesn't mention that the recent Norwegian finds are right next to the UKCS... The boundary between our sectors is political not geological, so some of these reservoirs likely extend into the UKCS and could boost our reserves Also the production decline will not be smooth as all the forecasts indicate. They will be stepped as pipelines will become uneconomic and close forcing any remaining fields connected to them to also close But it's a useful reminder that reserves are not set in stone. They are based on geology which doesn't change, information about geology which does, and the potential /economic climate which definitely does @ClaireCoutinho @AndrewBowie_MP news.sky.com/story/north-se…


Hormuz closure puts Turkey at the centre of Europe’s energy supply The Southern gas corridor has emerged as the only major overland route delivering non-Russian, non-Gulf gas into the EU eualive.net/hormuz-closure…














Ed Miliband is a dangerous fantasist who is gambling with our energy security. As the world gets more dangerous, Britain should be asking itself a hard question: is our energy system resilient enough? Miliband argues that his race to power the country on the wind and the sun makes us more secure. In reality, he is doubling down on a reckless experiment which is making us weaker and poorer. What Britain really needs is an Energy Resilience Strategy. Miliband’s first fatal mistake is shutting down the North Sea, which still provides half of our gas supply. Rather than use our own, Labour would prefer Britain became more reliant on dirtier gas from abroad, while losing thousands of jobs here and sending billions of pounds overseas in the process. We have to end Miliband’s mad ban on new oil and gas licences, scrap the Net Zero restrictions and job-destroying taxes and maximise recovery from the North Sea. Second, we need to make electricity cheap. Miliband is so consumed by making our electricity supply completely clean that he doesn’t care that he’s also making it unbearably expensive. He has the problem completely back to front. He is making it harder for people to opt for electricity to protect themselves from shocks. Our Cheap Power Plan would cut everyone’s electricity bill by 20% and make it far cheaper for households and businesses to electrify if they choose to do so. Third, we must double down on nuclear. Nuclear provides reliable, 24/7 power which has the most secure supply chain of any energy source. Yet Labour scrapped my plans to build the third modern large nuclear plant in Britain. This is absurd and must be reversed. Fourth, in times of war, our industrial power is our hard power. British industry is being crippled by soaring Carbon Taxes which have as much as doubled under Labour. We will still need chemicals, plastics and steel, we will just end up getting them from more polluting countries who do not impose these taxes. We must stop escalating Carbon Taxes and back British industry. None of this is inevitable. We are an energy-rich nation choosing to make ourselves energy-poor. Making ourselves weak to appease Net Zero ideologues will make us a warning, not an example, to the rest of the world. It’s not too late to change course. Keir Starmer must ditch his dangerous Energy Secretary and prioritise Britain’s energy resilience now.




If only we’d not killed the golden goose in the North Sea, eh?






