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📽️ From Donald Trump to Britain's wind power trade body, there's a growing coalition calling for more drilling in the North Sea. Raising the question: if we DID encourage more exploration, how much oil & gas could we actually get? Our MEGA primer on the North Sea👇 Ps it's longer than usual, but it turns out this topic has SO MANY misconceptions. Time to put some of them right. Let me know what you think

“A wake up call” the CEO of Britain’s biggest domestic energy firm told me last night about the possibility of long term impact to global gas and oil infrastructure… but he pointed to electrification as the main lesson, while domestic gas would be preferable to shipped gas: “wake-up call that gets us to electrify more of our economy and get more of our energy from homegrown sources.” "The irony is, right now, we're emailing millions of customers saying their energy prices are going to fall..." "You can't protect yourself against these global markets forever." "Traders are really worried about how long it's going to take these facilities to get back online." "Our electricity system's too inefficient. We need to reform that markets so that people get the benefits of our homegrown resources." “my own view is that shipping gas around the world is more inefficient and has more leaks of methane than if you use local gas. But we shouldn't kid ourselves. North Sea gas wouldn't meaningfully bring the price down because we're paying the global price. If we got more out of the North Sea, it would simply be sold to other countries at these very high prices or here at these high prices. And we can't kid ourselves we're going to be self-sufficient in gas again. What we can do is have a much cheaper approach to electricity than we have today. Our electricity system's too inefficient. We need to reform that markets so that people get the benefits of our homegrown resources.



Not long ago, Britain was one of the world’s biggest oil producers, with revenues accounting for six percent of all government revenues in the mid-1980s. @EdConwaySky looks at how much oil and gas Britain could extract from the North Sea if it really wanted to. 🔗 trib.al/loV0rHu




📽️ From Donald Trump to Britain's wind power trade body, there's a growing coalition calling for more drilling in the North Sea. Raising the question: if we DID encourage more exploration, how much oil & gas could we actually get? Our MEGA primer on the North Sea👇 Ps it's longer than usual, but it turns out this topic has SO MANY misconceptions. Time to put some of them right. Let me know what you think





"It's our patriotic duty to drill for oil and gas, it's common sense" Richard Tice MP reacts to the UK's Wind Farm Trade Body, telling Miliband to drill North Sea Oil. @TiceRichard



Petrol could be rationed and drivers could face speed restrictions if the war in Iran continues to impact oil and gas supplies, according to reports. Industry experts suggest ministers have been warned of a "significant shortfall" within 2 months. @LouisaJamesITV reports.









