End of North Sea Oil Exploration?

[Sheets Tabuer]

How come we keep getting the bellend Milliband, it was bloody obvious the wrong one had the power the last time.

[Jinx]

dingg said:

Yes it doesn't bring cheaper oil but does provide many thousands in decent employment.

Depends how you measure cost. A pound spent on oil to UK companies for UK oil is not the same as a pound spent on non-UK companies for non-UK oil. At the most basic the pound spent on UK oil will make the UK company profitable where these profits are taxed - returning money to the exchequer - spend the money abroad and that whole pound is gone. The UK spent pound also funds employment (and hence income tax) - more money back to the UK. So yes the oil is cheaper because even at the same price non-UK oil costs more.

[JagLover]

We will be consuming oil and gas for decades to come, just increasingly not getting any UK tax revenue from our own production and even more exposed to price shocks.

This is Labour living up to its manifesto commitments and if you didn't want it then the simply solution was not to vote for them.

[CraigyMc]

Four Litre said:

Imagine how stupid you would feel if you voted for them (By choice!)

For those who did, well done. It will only get worse from here on.

Labour Manifesto said:

We will not issue new licences to explore new fields because they will not take a penny off bills, cannot make us energy secure, and will only accelerate the worsening climate crisis. In addition, we will not grant new coal licences and will ban fracking for good.

It's about 1/4 of the way down this page https://labour.org.uk/change/make-britain-a-clean-...

[.:ian:.]

Its all fine, everything is under control

makebritaincleanagain said:

Labour and the country value the contribution of all those working in energy, including oil and gas, to powering the UK now and into the future. That is why, as part of our approach, Labour will ensure a phased and responsible transition in the North Sea, partnering with business and workers to manage our existing fields for the entirety of their lifespan. As the North Sea Transition Authority (NTSA) itself indicates, oil and gas production in the North Sea will be with us for decades to come. The charts below show that the significant majority of proven gas in the North Sea lies in existing fields. In the case of oil, there are more potential new fields, but 80 per cent of our oil production is exported abroad.

Under Labour’s plans, North Sea oil and gas will continue for decades to come. We will not revoke licences. But we will also build alternative opportunities for workers that transition out of oil and gas, in decommissioning, carbon capture and storage, hydrogen, and renewables like offshore wind. Labour has committed to not handout new licences to explore new oil and gas fields, which we believe would not offer the right answer for the economy or the environment. We will act to ensure continued investment in our offshore infrastructure and workforce as the North Sea becomes home to new forms of energy production. Labour will work with offshore communities and trade unions to avoid a repeat of the mistakes of the past. As oil and gas workers consider the future of their industry, they should be in no doubt about Labour’s commitment to prevent a transition akin to the Tories’ closure of the coal mines of the 1980s. We will not let that happen again. The right approach for our future national security, for lower bills, for our economy, for jobs, and for the climate is to build new capacity in clean and cheap, homegrown power like wind, solar, hydrogen and nuclear as fast as possible. Labour’s Green Prosperity Plan will work with workers, trade unions, and industry to do just that.

https://labour.org.uk/wp-content/uploads/2024/03/M...

I like how the bad news is buried in the middle of lots of upbeat waffle!

Edited by .:ian:. on Thursday 11th July 14:59

[tim0409]

For those who said Labour can’t be any worse than the Tories….

As much as I dislike the Tories, I knew Labour was going to be a disaster for the country, I just didn’t think proof would come this quickly.

Make no mistake, this is a cretinous decision.

[crankedup5]

Vanden Saab said:

And so it begins, slow clap to all those who voted for them. Not even a week before the clowns announce their first omnishambles.

Ideological bull muck has made a very early start, self harm high on the agenda.

[eharding]

crankedup5 said:

Ideological bull muck has made a very early start, self harm high on the agenda.

Enough about how your day has been spent so far, how about your thoughts on today's announcement from Miliband?

[CraigyMc]

crankedup5 said:

Vanden Saab said:

And so it begins, slow clap to all those who voted for them. Not even a week before the clowns announce their first omnishambles.

Ideological bull muck has made a very early start, self harm high on the agenda.

As an aside, it's quite amusing watching people who are used to politicians lying through their teeth cope with a newly-minted government doing exactly what they said they'd do in their manifesto rather than be all talk and no trousers.

It goes to prove there's no winning with some people.

[Terminator X]

All the poor people driving around in £200 petrol cars will appreciate this.

TX.

[Terminator X]

Condi said:

Vanden Saab said:

And so it begins, slow clap to all those who voted for them. Not even a week before the clowns announce their first omnishambles.

Wasn't it quite literally in their manifesto? Or at the very least it was pretty well talked about, wasn't it? Their policy was no more oil and gas drilling but existing licences would stay. Can't see why this is a surprise to anyone other than Telegraph readers.

Perhaps VS didn't vote for them?

TX.

[chrispmartha]

Four Litre said:

Imagine how stupid you would feel if you voted for them (By choice!)

For those who did, well done. It will only get worse from here on.

Why would they feel stupid. It was in their manifesto.

[Silvanus]

Vanden Saab said:

And so it begins, slow clap to all those who voted for them. Not even a week before the clowns announce their first omnishambles.

They announced they were going to do this some time ago, it wasn't a secret. Not sure why it's a shock to anyone. Did people think they were going to go all Tory and not do what they said they would

[crankedup5]

eharding said:

crankedup5 said:

Ideological bull muck has made a very early start, self harm high on the agenda.

Enough about how your day has been spent so far, how about your thoughts on today's announcement from Miliband?

I would have thought that anybody with sense would recognise that the instantaneous cessation of oil/gas exploration will see huge job losses within the industry. I guess that you are not in the industry! Furthermore the cessation of our fossil fuel home reliance supply will mean the U.K. needing to import from abroad, how does that help the environment? The U.K. is responsible for 1% of damage to the environment from fossil fuel usage, being seen to lead the World as some sort of martyrdom crusade of World saviours whilst we struggle to maintain a false image upon the World stage, best I stop now.

[crankedup5]

chrispmartha said:

Four Litre said:

Imagine how stupid you would feel if you voted for them (By choice!)

For those who did, well done. It will only get worse from here on.

Why would they feel stupid. It was in their manifesto.

True it is in manifesto, staged progression may have been sensible rather that massive sledge hammer. Next thing will be higher energy cost benefits required by those that cannot afford to heat their homes.

[RSTurboPaul]

crankedup5 said:

eharding said:

crankedup5 said:

Ideological bull muck has made a very early start, self harm high on the agenda.

Enough about how your day has been spent so far, how about your thoughts on today's announcement from Miliband?

I would have thought that anybody with sense would recognise that the instantaneous cessation of oil/gas exploration will see huge job losses within the industry. I guess that you are not in the industry! Furthermore the cessation of our fossil fuel home reliance supply will mean the U.K. needing to import from abroad, how does that help the environment? The U.K. is responsible for 1% of damage to the environment from fossil fuel usage, being seen to lead the World as some sort of martyrdom crusade of World saviours whilst we struggle to maintain a false image upon the World stage, best I stop now.

When you say 'damage to the environment', do you mean that plant food Carbon Dioxide?

Of which man contributes 4% of global emissions? (So the UK contributes seemingly 1%, so 0.04%?)

And of which has an atmospheric content of a massive 0.04%?


There's a whole other thread for that sort of thing

Edited by RSTurboPaul on Thursday 11th July 15:14

[crankedup5]

RSTurboPaul said:

crankedup5 said:

eharding said:

crankedup5 said:

Ideological bull muck has made a very early start, self harm high on the agenda.

Enough about how your day has been spent so far, how about your thoughts on today's announcement from Miliband?

I would have thought that anybody with sense would recognise that the instantaneous cessation of oil/gas exploration will see huge job losses within the industry. I guess that you are not in the industry! Furthermore the cessation of our fossil fuel home reliance supply will mean the U.K. needing to import from abroad, how does that help the environment? The U.K. is responsible for 1% of damage to the environment from fossil fuel usage, being seen to lead the World as some sort of martyrdom crusade of World saviours whilst we struggle to maintain a false image upon the World stage, best I stop now.

When you say 'damage to the environment', do you mean that plant food Carbon Dioxide?

Of which man contributes 4% of global emissions? (So the UK contributes seemingly 1%, so 0.04%?)

And of which has an atmospheric content of a massive 0.04%?

Do you agree with the main points of my post?

[RSTurboPaul]

crankedup5 said:

RSTurboPaul said:

crankedup5 said:

eharding said:

crankedup5 said:

Ideological bull muck has made a very early start, self harm high on the agenda.

Enough about how your day has been spent so far, how about your thoughts on today's announcement from Miliband?

I would have thought that anybody with sense would recognise that the instantaneous cessation of oil/gas exploration will see huge job losses within the industry. I guess that you are not in the industry! Furthermore the cessation of our fossil fuel home reliance supply will mean the U.K. needing to import from abroad, how does that help the environment? The U.K. is responsible for 1% of damage to the environment from fossil fuel usage, being seen to lead the World as some sort of martyrdom crusade of World saviours whilst we struggle to maintain a false image upon the World stage, best I stop now.

When you say 'damage to the environment', do you mean that plant food Carbon Dioxide?

Of which man contributes 4% of global emissions? (So the UK contributes seemingly 1%, so 0.04%?)

And of which has an atmospheric content of a massive 0.04%?

Do you agree with the main points of my post?

The rest seems accurate

[CraigyMc]

crankedup5 said:

Next thing will be higher energy cost benefits required by those that cannot afford to heat their homes.

That already happened, but it was under the Tories, if I recall correctly.

[Roderick Spode]

Terminator X said:

All the poor people driving around in £200 petrol cars will appreciate this.

TX.

As part of the Just Transition we will eliminate their hardship by making vehicle ownership entirely unaffordable. Or they could simply buy a Tesla.

For those complaining - it was in the manifesto, for which the people have voted. The newly elected government should be allowed to implement this to the fullest extent of their remit.

I'm very glad I've made plans to go off-grid