Chat Area > General Discussion Area

north sea gas

(1/1)

raywilb:
what happened to the promise that GB would be self sufficient for gas supply once north sea gas was discovered

Nick W:
It paid the Police during the miner's strike.
Financed the Falklands War.
Allowed the Conservatives to give away national infrastructure for pennies in the pound.


there wasn't as much as they first thought, and the costs of collecting it increased considerably.


Meanwhile, Norway invested theirs and they have a worthwhile income from it.

Sir Tigger KC:
Some say there is still plenty of North Sea gas (& oil) to be had, but the Green Gods have issued a directive that it must stay in the ground and us sinners will have to shiver.  :)

And then there's onshore shale gas....  :-X

LC0112G:
The UK produces less than 1% of the world's gas.
https://en.wikipedia.org/wiki/List_of_countries_by_natural_gas_production

Gas is sold on international markets. Supply and demand are the only things that affect the price. The problem at the moment is that Russia produces 15 times as much as the UK, and that gas cannot be sourced easily elsewhere. So cutting Russia off causes a supply shortage, and that forces prices up. Even if the UK could double it's gas production overnight, it would have no measurable effect on world gas prices. And hence no measurable effect on UK gas prices.

The idea that the gas that comes out of the North Sea is "UK Gas" reserved exclusively for the UK use is false. It's owned by Shell/BP/Amaco/Exxon/Whoever, and they sell it to the UK at the world market rate. The only way to ensure UK Gas for UK use at a price acceptable to UK consumers would be to nationalise the north sea companies. No one is seriously suggesting that.

Navigation

[0] Message Index