My thoughts in Conservative Home on North Sea oil:
Click to read the full article by Sanjoy on ConHome
Extract:
As a 1980s schoolkid in land-locked Derbyshire, I learned North Sea oil would be all be over by the millennium. Instead, I began my Aberdeen career in the year 2000, just as production peaked. This is a sector that has been written off many times before.
The North Sea has long been keeping Britain’s lights on with relatively little political interference. Except, of course, meddling chancellors who can’t leave tax rates alone. But with the sector suddenly in the headlines, here are the perspectives of someone who spent many years working in it. Uncertainties whether drilling can bring back self-sufficiency (no), improve energy security (a bit, maybe) or reduce bills (same again) have been widely covered elsewhere. Here are the answers everyone is looking for.