Last Wednesday, UK Chancellor of the Exchequer Jeremy Hunt announced that the windfall tax on UK oil and gas firms will remain in place for another five years, until March 2029. The levy, which has already driven away investment and reduced production in the North Sea, was previously set to end in 2028. As EID
Read More...The North Sea is fast becoming the political battleground of choice in the run-up to the next UK general election. As competing energy security and net-zero agendas pull politicians in different directions in the United States and beyond, UK politicians are scoping out North Sea oil and natural gas as a core campaign issue. But
Read More...The United Kingdom is gearing up for a general election, predicated to take place in late 2024. With current polling suggesting the Labour Party is favoured to win, one topic is taking center stage: the energy transition and the future of North Sea oil and natural gas development. Labour sees clear scope to win political
Read More...On the one-year anniversary of the United Kingdom’s windfall tax announcement, Energy in Depth examines the negative impact the tax has had on the North Sea oil and gas industry and continued investment. The policy, which effectively brings the total tax on oil and natural gas production in the United Kingdom to 75 percent, has
Read More...In the United Kingdom’s spring budget on Wednesday, Chancellor Jeremy Hunt officially committed to provide £20 billion ($24 billion) of support for carbon capture, utilization and storage (CCUS) projects over the next 20 years. The funding will go to projects that aim to store 20-30 million tons of CO2 annually by 2030 with the goal
Read More...Europe Energy Crisis Proves Stupid Is As Stupid Does ... … … [Editor’s Note: Europe has pursued a green energy show of its superiority only to demonstrate the stupidity of relying only upon renewables and Russia for its energy needs.] According to an author who defends the “green transition” writing in Seeking Alpha, “There are
Read More...Even though gas prices in America have fallen significantly from this summer’s record highs, fringe U.S. politicians continue to make the false claim that oil and natural gas companies are price gouging consumers. Some are calling for a windfall profit tax on oil companies, even though history shows that the implementation of a windfall tax
Read More...The UK Government announced that it has lifted the moratorium on shale gas production in England. It also confirmed its support for a new oil and gas licensing round in the North Sea, expected to be launched by the North Sea Transition Authority in early October with the aim to boost domestic production. The lifting
Read More...With the current energy crisis worsening, the United Kingdom and Europe are looking to winter with trepidation and an increased focus on building up energy inventories. LNG imports – particularly from the United States – are filling the gap for Europe’s immediate energy needs and storage demands ahead of the cold season, causing price increases
Read More...Net Zero Shenanigans in the UK Offer Lessons for New York Roger Caiazza (on the subject of) Independent Researcher and Publisher, Pragmatic Environmentalist of New York … [Editor’s Note: Net zero is often just net nuttiness as UK energy policy shows us, but there are reasonable things that could be done there and in
Read More...germany … …[Editor’s Note: Europe’s focus on biomass in the form of wood pellets to produce electricity is a step backward on CO2 and shows green energy is anything but.] When most Americans think about “green power” and Europe, they conjure up pictures of wind turbines and solar panels producing emission-free power. The truth, however,
Read More...... … … [Editor’s Note: Boris Johnson has banned fracking and aims to force Brits into the electric vehicle they can’t afford, which means pushing them into cities.] British Prime Minister Boris Johnson banned the sale of gasoline and diesel vehicles by 2030 in order to accomplish his carbon-free mandate by 2050. A recent study,
Read More...... … … Editor’s Note: Boris Johnson, who rejected fracking, now wants to take the United Kingdom right into the wind power trap just like the idiots in California. Boris Johnson, the prime minister of the United Kingdom, has, to get net-zero greenhouse gas emissions by 2050, pledged that offshore wind will power every home
Read More...Environmental activists who have cheered the ongoing power transition in the United Kingdom — which went a record 18 days and 6 hours of powering its electric grid without using coal — are overlooking an inconvenient fact for their cause. The UK was able to maintain its grid stability by increasing its use of natural
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