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Rosebank oil will not be kept in UK to boost energy security


pellinore

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Posted (edited)

Who would have thought the licences were granted to enrich Sunak's family and not the UK? Well, most of us really. The sooner he ****s off to California the better.

The UK government has admitted that oil from the controversial Rosebank field will be sold on the international market rather than to UK consumers.

Ministers have repeatedly claimed developing the huge oilfield off Shetland will improve UK energy security and help UK consumers, overriding concerns from climate experts and their own advisers.

In a written answer to a parliamentary question, however, the government appears to accept that the private companies extracting the oil will sell the vast majority internationally, saying: “It is not desirable to force private companies to ‘allocate’ oil and gas produced in the North Sea for domestic use”.

UK government admits Rosebank oil will not be kept in UK to boost energy security | Green politics | The Guardian

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15 minutes ago, pellinore said:

Who would have thought the licences were granted to enrich Sunak's family and not the UK? Well, most of us really. The sooner he ****s off to California the better.

The UK government has admitted that oil from the controversial Rosebank field will be sold on the international market rather than to UK consumers.

Ministers have repeatedly claimed developing the huge oilfield off Shetland will improve UK energy security and help UK consumers, overriding concerns from climate experts and their own advisers.

In a written answer to a parliamentary question, however, the government appears to accept that the private companies extracting the oil will sell the vast majority internationally, saying: “It is not desirable to force private companies to ‘allocate’ oil and gas produced in the North Sea for domestic use”.

UK government admits Rosebank oil will not be kept in UK to boost energy security | Green politics | The Guardian

They make out like something is lost from selling it onto international markets.

Its not, crude oil prices are set globally by the commodity market not internally.

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6 hours ago, Electric Scooter said:

They make out like something is lost from selling it onto international markets.

Its not, crude oil prices are set globally by the commodity market not internally.

But Sunak and Grant Shapps repeatedly said that UK oil extraction would directly improve the UKs energy security and help lower prices for UK consumers. Neither claim is true.

 

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6 hours ago, pellinore said:

But Sunak and Grant Shapps repeatedly said that UK oil extraction would directly improve the UKs energy security and help lower prices for UK consumers. Neither claim is true.

 

Not necessarily an intentional lie, it could be a lack of knowledge.

Most of our North Sea Oil which gets kept is turned into plastic and petrochemicals. 

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