Quote:
Originally Posted by Jaymoss
The UK used to drill its own Gas Wells if it invested in storage and did not sell it all off we would not have to buy any from anyone else. This is why I have banged my head against a brick wall with the 30+ years ago when it all got screwed up
British Gas was privatised in 1986 by that wonderful prime minister Thatcher we are in this mess imo directly due to this event in history
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It could be a government-owned British Gas would have sold the storage off as well, we just don't know.
To me, it's a failure of regulation. The regulator should have ensured a strategic gas storage facility remained and there was a funding mechanism in place to ensure this.