Quote:
Originally Posted by Pierre
That is not reflected in our energy bills, and until it is they will be rightly looked upon sceptically.
Hornsea 4 has just been cancelled by Orested.
We should be fracking, exploiting new gas and oil fields, building nuclear…..we should be doing everything.
If we don’t lower energy costs the economy is fugazi.
---------- Post added at 19:56 ---------- Previous post was at 19:51 ----------
As a sovereign nation we can do what we like. If that means invoking legislation that a licence to exploit oil and gas in the U.K. EEZ comes with a stipulation that a % of output is supplied to the U.K. at a reduction…..or any other hair brained scheme.
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We can indeed do what we like. International norms however constrain us, as they constrain everyone else. Diverting oil and gas to domestic supply outwith a major emergency comes with serious reputational risks that generate political and financial consequences. So we can, and also we can’t.