| Topic: | Re:Re: Drill Baby Drill | |
| Posted by: | Andrew Jones | |
| Date/Time: | 19/03/26 20:03:00 |
| The question is, what would the price of get the production facilities back up or setting up new production facilities be? Gas production was on its way down before net zero became a thing, which I guess may have something to do with it not being as profitable as it was previously and/or it being cheaper to import your gas. Gas has shot up in price, which means opening up the north sea for gas would be more viable now - if the price remains elevated. But, if the gas price goes back down, then who will buy the presumably more expensive UK originated gas? If our gas is more expensive then we aren't going to sell it to others, so the UK will be subsidising it, increasing costs to the population of the UK. Now that might be a price the UK is prepared to pay for energy security, but in the previous era of cheap gas that may not have gone down so well? Just thinking aloud really, drill baby drill is a very simplistic one liner quote from someone we have increasingly recognised to be a military and strategic genius, and I doubt it's quite that simple. |