North Sea gas....
I know I complained recently about the ignorance of media presenters and how it allows politicians to get away with murder but in the last week there has been several terrible examples; around the issue of the hike in energy prices.
Why, they ask, don’t we just invest more and pump more from the North Sea, there’s plenty of oil and gas there still?
A moments thought would have brought to mind the simple fact that when the UK was producing more oil and gas than it could use, it did not cut the price of petrol or gas, it did not hand it out for free. It taxed it heavily and allowed companies to sell it at market rates.
Successive Tory governments then wasted that huge windfall but that is not the point.
The energy market is international, there is no history of using North Sea oil to bring down energy prices in the UK, it is dead end argument.
Presenters should know this.
Economics, trade and Brexit, not necessarily in that order but the dog always comes first.