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Change. Clearly it is a popular policy by the public and heading up to the next election it would be a strange decision for the government to row back on anything with public support. Can the government have it both ways, say yes to granting licences for oil and gasp projects but at the same time it commitments to net zero . New licences for the north sea is not a change in Government Policy, we were expecting to see more. The oil and industrys estimates show production will continue to decline in the north sea no matter what the Government Policy is it simply because there is not as much gas and oil as 50 years ago when we started extracting. What is left in the north sea is mostly oil. This is mostly exported, so there is little benefit to our bills from more extraction and in a cost of living crisis bills are a strong priority for the public. It is a strange decision ....
On any of them. the oil and gas industry s own estimates show that the production will continue to decline in the north sea no matter what the government s policy is, simply because there s not as much gas and oil as there was 50 years ago when we first started extracting from the north sea. actually, what s left in the north sea is actually mostly oil and this is mostly exported. so there s very little benefit to our bills from more north sea extraction. and during a cost of living crisis bills is obviously a very strong priority for the public. so it s a bit of a strange decision to approve more when it s not going to help with our bills because the can t move the dial on internationally set prices. and it s actuallyjust going to mean that oil and gas companies make more money from exporting to the highest bidder. yeah, and that s what many people will be confused by, given that we are told we should be investing in renewables, that some fossil fuels are still subsidised by the uk go ....
Change. clearly it is a popular policy by the public and heading up to the next election it would be a strange decision for the government to row back on anything with public support. can the government have it both ways, say yes to granting licences for oil and gasp projects but at the same time it commitments to net zero? new licences for the north sea is not a change in government policy, we were expecting to see more. the oil and industry s estimates show production will continue to decline in the north sea no matter what the government policy is it simply because there is not as much gas and oil as 50 years ago when we started extracting. what is left in the north sea is mostly oil. this is mostly exported, so there is little benefit to our bills from more extraction and in a cost of living crisis bills are a strong priority for the public. it is a strange ....