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Get ready for a 70's style brain drain, capital flight and investment screeching to a halt #Labour #KeirStarmer
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TeesMiner
108 posts
TeesMiner
@teesminer
When the freedom they wished for most was freedom from responsibility, then Athens ceased to be free and was never free again - Edward Gibbon
England Katılım Haziran 2011
301 Takip Edilen1.6K Takipçiler
@KathrynPorter26 @ajcdeane @DaleVince @KemiBadenoch The self-righteousness of someone who relies on massive taxpayer subsidies is rather sickening! You are absolutely right, with a marginal rate of 70% there's no incentive to keep drilling even if the stupid ban wasn't in place
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Your ignorance is staggering
The reason the North Sea is declining so fast is excess taxation. More taxes will simply increase our reliance on imports
Producing more gas definitely will reduce energy costs because it will displace more expensive LNG reducing the number of days LNG sets the price
UK gas prices at a discount to TTF (the main European benchmark). Increasingly production will widen this margin
Increased production delivers more tax revenues both from the producers and the huge UK based supply chains that support them as well as supporting thousands of well paid jobs. This additional income could be used to fund your renewables subsidies and cuts in fuel duty
It's not true that new production will take 5 years to deliver. Jackdaw and Rosebank could be up and running in months
And decline does not mean it's not worth bothering with. On day 2 of production a field is in decline but only an idiot would use that as a reason to close it
Norway has made major discoveries adjacent to the UK sector in the past year. These reservoirs almost certainly extend into the UKCS. There is plenty more oil and gas to be had
Our production is also cleaner than imports
It's bizarre to argue against it
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.@KemiBadenoch displays her total lack of understanding of the energy sector. She argues for more drilling in the North Sea to protect us from this energy crisis - seemingly oblivious to two very important facts. The first is we don't set the price of our north sea oil and gas - we let global markets do that. So in a crisis where global prices sky rocket, how can the answer can be to produce more globally priced oil here - it’s (energy market) illiterate to say so. The answer is to take control of our own energy pricing, starting with our own North Sea, as we have already with retail energy bills. Impose a price and profit cap. If we do this as part of an entire sector move - capping all wholesale prices, then we can combat this crisis and those that are coming next.
The second very important fact Kemi seems unaware of is that it will take up to five years to produce anything new from our North Sea. So even if that could help us, it can’t help us with anything soon. And it won’t help us for long because our North Sea is all but empty, there’s 10% left. Our North Sea has been in decline for 30 years, shedding jobs and production capacity - because it’s running out - this has been going on for far longer than green energy has been a thing - to blame green energy for the decline of the North Sea is ignorant (of the facts). And Global markets have been filling the gap between what we make and what we use for decades now - Kemi seems not to know this either. As for energy bills, Badenoch seems unaware that the ‘green taxes’ we have on our energy bills were added by previous Tory governments. She seems also unaware that we spend vast sums subsiding fossils fuels - £17 billion a year at the last count. She operates in a fantasy environment, or would have us do - where green taxes have ruined the country and our oil and gas industry and all we need to do is drill more - it’s delusional.
It’s straight out of the mouth of Trump.
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@DanielJHannan UK should cut off aid to Ghana and all other countries receiving aid who supported this nomsense
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Every country practised slavery. African nations more enthusiastically and more recently than most. So why go after Britain, which is unique in its determination to stamp out the foul trade? Why not, say, China or Nigeria or Saudi?
Because Britain keeps inviting its enemies to have a go. It will not sanction countries that back motions like this. Incredibly, it would not even vote against the motion. telegraph.co.uk/news/2026/03/2…
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Prime Minister Sir Keir Starmer tells reporters it is a "little bit far-fetched" to suggest that the theft of Morgan McSweeney's phone was to hide Peter Mandelson's messages.
Live updates: trib.al/1evMZTO
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If a Commander is captaining a key ship like the Duncan, what are the 200 plus substantive Captains doing?
Navy Lookout@NavyLookout
Cdr Dan Lee hands over command of @HMSDuncan to Cdr James Mitchell
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At 8.10am - FTSE 100 - 10,047.13 −59.71 (-0.59%) - Volatility prevails and will continue to do so until the path of war in the Middle East becomes clearer!
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The Church of England's transformation to a government quango is now complete
The Prince and Princess of Wales@KensingtonRoyal
Attending the Installation of Sarah Mullally as the Archbishop of Canterbury at Canterbury Cathedral.
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A vote for Welsh Labour this May is a vote for: £4bn to build new hospitals in Wales and same-day mental health support.
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We’re relying more on LNG to set the price because we’re allowing domestic supplies to decline and depend more on imported LNG supplies. A matter of policy. A bizarre policy driven by net zero zealots.
Even in a mature field like the North Sea there is still a lot more gas to get out. Ask the Norwegians. Increase that supply and UK NBP hub prices will come down. Tax revenues will rise. Balance of payments will improve. Sterling will strengthen. And more jobs will be saved/added. Simples.
Tara Singh@RenewableUKCEO
@afneil Hi Andrew — you’re right there are regional hubs. But the UK NBP increasingly relies on LNG to balance the system, and cargoes go to the highest bidder globally. So the price here is increasingly set by the marginal LNG cargo — i.e. a global price, not a domestic one 1/2
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For those asking, the reason why McSweeney's messages have been lost is because it was his official government phone, and they are not backed up because doing do would rely on using a third party server.
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And another one...
The New Statesman@NewStatesman
A CERTAIN IDEA OF ED MILIBAND by @Will___lloyd The story of the post-Blair Labour party, if it can be contained in one individual, is the story of Ed Miliband. This is not a story about backstabbing brothers, back room deals with “union paymasters”, election promises printed on tomb stones, questionable slogans on mugs, bacon sandwiches, or double kitchens; nor anything as vulgar as retail policies aimed at marginal constituencies. Miliband’s story is really about the exhilaration of ideas: where they come from, why some of us fall in love with them, and what propels those ideas from the fringes of the debate to the fulcrum of an era. This is not an argument about whether those ideas and the policies they eventually become are right or wrong. It’s a story about the long-term political power that commanding those ideas allows an individual to wield. It is about the years of Edward Samuel Miliband - and Milibandism - which might be seen as the latest, or perhaps even the last, attempt to restore a social democratic political economy in Britain. Since July 2024, when Labour returned to government, it has been hard to work out precisely the point of this administration: to spend a bit more here and there, but leave an abject economic settlement largely intact; or to be much more than that, to fundamentally reshape Britain? For the last 20 months, Miliband has stood distinctly apart from those growing doubts. Even his enemies admit that the Minister for Energy Security and Net Zero knows what he is doing. That, in large part, is why he is so hated by his opponents. Miliband is getting social democratic things done at scale: during an era of uncontrollable global conflict, which began with the Ukraine war and is spiralling in Iran, when the direction of energy policy has become the most fiercely disputed issue in British politics. Miliband and his ideas have become a lightning rod for opponents of this government. (“Eco-zealot”; “madman”; “hysterical eco-obsessive”; “muddled climate zealot”; “demented fantasies”; these are Fleet Street editorials’ relentless tribute to his perceived threat.) And yet, as one of those critics, a source who had worked with Miliband during his leadership of the Labour Party between 2010 and 2015, grudgingly admitted: “There is something about Ed that is significant. He is a symbolic figure… the last flickering of social democracy.” Cover art by Mona Eing and Michael Meißner
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@NewStatesman @Will___lloyd Good grief, what an obscene example of hagiography
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A CERTAIN IDEA OF ED MILIBAND by @Will___lloyd
The story of the post-Blair Labour party, if it can be contained in one individual, is the story of Ed Miliband. This is not a story about backstabbing brothers, back room deals with “union paymasters”, election promises printed on tomb stones, questionable slogans on mugs, bacon sandwiches, or double kitchens; nor anything as vulgar as retail policies aimed at marginal constituencies.
Miliband’s story is really about the exhilaration of ideas: where they come from, why some of us fall in love with them, and what propels those ideas from the fringes of the debate to the fulcrum of an era. This is not an argument about whether those ideas and the policies they eventually become are right or wrong. It’s a story about the long-term political power that commanding those ideas allows an individual to wield. It is about the years of Edward Samuel Miliband - and Milibandism - which might be seen as the latest, or perhaps even the last, attempt to restore a social democratic political economy in Britain.
Since July 2024, when Labour returned to government, it has been hard to work out precisely the point of this administration: to spend a bit more here and there, but leave an abject economic settlement largely intact; or to be much more than that, to fundamentally reshape Britain? For the last 20 months, Miliband has stood distinctly apart from those growing doubts. Even his enemies admit that the Minister for Energy Security and Net Zero knows what he is doing. That, in large part, is why he is so hated by his opponents. Miliband is getting social democratic things done at scale: during an era of uncontrollable global conflict, which began with the Ukraine war and is spiralling in Iran, when the direction of energy policy has become the most fiercely disputed issue in British politics.
Miliband and his ideas have become a lightning rod for opponents of this government. (“Eco-zealot”; “madman”; “hysterical eco-obsessive”; “muddled climate zealot”; “demented fantasies”; these are Fleet Street editorials’ relentless tribute to his perceived threat.) And yet, as one of those critics, a source who had worked with Miliband during his leadership of the Labour Party between 2010 and 2015, grudgingly admitted: “There is something about Ed that is significant. He is a symbolic figure… the last flickering of social democracy.”
Cover art by Mona Eing and Michael Meißner
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My short piece for @iealondon on memes and whether one can be a meme-entrepreneur (memepreneur).
Kristian Niemietz@K_Niemietz
What is a "meme", in economic terms? An Austrian School perspective on the economics of memes: insider.iea.org.uk/p/memenomics
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Just spoke to a former senior government advisor. He had his mobile stolen on Whitehall. A full investigation was launched, initially by the Government security team, and then the police. The advisor was senior, but not as senior as McSweeney.
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@DPJHodges I don't believe for one second that a computer database isn't also searchable by name
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The Met:
"Hi Dan,
I’m afraid my answer is the same - we can’t respond to enquiries where an individual has been named. We need a date, location and description of the alleged incident.
If you come in with those details we will take a look".
Me:
"Thanks again.
But you know who Morgan McSweeney is (the Prime Minister's former Chief of Staff). You know the context - the ongoing Mandelson investigation.
Why are you unable to simply ask someone involved in the inquiry if they are making any efforts to recover the phone, are aware of the theft of the phone, or recover messages contained on the phone relevant to the investigation"
I didn't receive a further response.
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I'm going to set out the conversation I had with the Metropolitan Police Press Office yesterday. People can judge whether their response represents an attempt to facilitate a legitimate journalistic query, or something else:
Me:
"Hi,
I'm writing about the above issue for tomorrow's paper [Mandelson].
I would like to know:
If the Met has any record of the reported theft of former Downing Street Chief of Staff Morgan McSweeney's mobile phone, as widely reported in the media.
If any efforts are being made to recover the phone given its significance to the investigation.
If any efforts have been made to obtain centrally held Government records of communications from the phone"
Many thanks
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@WilliamBarter1 @ft4s It's also about the rating of the track and infrastructure
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@ft4s This is guff. Slower trains does not save billions. In fact it increases some costs as you need more trains in circuit to deliver a given frequency. Anyway this work to optimise speed and cost was done 10 years ago.
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Ministers set to order HS2 to consider slower trains to save billions ft.trib.al/P9cPITz
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@CatharineHoey Because Shia Muslims are a major voting block for Labour
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Brexit cost this country £180 billion a year in lost economic output, enough to build 140 new hospitals every single year. The people who did it are now asking for your vote again.
#Brexit #NigelFarage #ReformUK
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Starmer to chair Cobra meeting today on the economic impact of Iran war
'Most people are very concerned,' he said
'I want to make sure that when it comes to the cost of living, we're doing everything we possibly can at a very difficult period like this'
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