Labour energy policies already impacting North Sea business
By Paul Homewood
Hardly surprising!
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If the polls are correct, Labour will be in government in less than a month from now, yet the party’s policies are already having an impact on business.
Three oil and gas companies – Jersey Oil and Gas, Serica Energy and Neo Energy – said on Wednesday they had decided to delay by a year the planned start of oil production at Buchan, an oilfield in the North Sea 120 miles to the north-east of Aberdeen, which they jointly own.
The trio explicitly linked the decision to the earlier than expected timing of the election.
ersey Oil and Gas, speaking on behalf of itself and its joint venture partners, told shareholders: "While activities continue in order for the Buchan project to be ready for field development plan approval by the end of this year, the exact timing for achieving this key milestone and enabling project sanction is naturally linked to securing fiscal clarity from the next government and ensuring that the project remains financially attractive."
That was a reference to Labour‘s energy policies.
The industry body Offshore Energies UK has suggested Labour’s plans could result in the loss of 42,000 jobs among North Sea oil and gas producers.
https://news.sky.com/story/labour-energy-policies-already-impacting-north-sea-business-13148786
NOT A LOT OF PEOPLE KNOW THAT 
Simple question, where are all these High Value Green jobs going to come from, we no longer manufacture much and once the intermittent Energy replaces the steady flow, what little manufacturing capacity will just pack in as unreliable Energy increases costs no matter how you look at it. The idea of recabling the National Grid is determined by the availability of High Voltage cables and great quantise of first grade structural steel, neither of which we manufacture (cable manufacturers have full order books until 2035 and we are not even on the list, steel production now we are moving to electric arc is limited to secondary grade steel), so those jobs will be off-shored.
All we get from politicians is that hundreds of thousands of Green jobs are just waiting to be filled, but where?, has anyone ever seen the job vacancies advertised, for goodness sake, if they require 500,000 first class workers, no-one is talking about it……….they do not exist, all the Green infrastructure will be offshored, what little installation and maintenance will be off-shored as manufacturers will only want their people climbing all over the wind farms, solar farms, rigging cables etc.
The Greatest Lie ever told was Green is Good.
We manufacture, by value, more than ever. And good jobs come from.high value manufacturing, not low value. But yes, we are swapping geologists amd reservoir engineers and drillers for people putting insulation in lofts. But according to Miliband, that doesn’t make anybody poorer…
I looked up Miliband in my Thesaurus, it said “idiot, clown, fool, fuckwit”, hmmmmm, so accurate I was stunned.
80% or more of our local grids would also need upgrading to be able to cope with the electrification of heating and transport – if they intend for us to be warm in winter and travel anywhere but our 15 minute cities of course.
And it was/is a lie of epic proportion
Historically for every green job created 2 are lost in the rest of industry.
The vast majority of ‘green jobs’ are overseas – the UK will never have a sizeable green economy, or industrial base
I thought the destruction ratio was over 3.
The transfer of wealth continues. When will people realize that has been the primary goal all along?
A huge number won’t, they believe either Uniparty red or blue are their saviour – until we get a proper right wing Govt, full of right leaning MPs and a right wing civil service, the eternal socialist circus will rumble on and on, lurching from failure to crisis in every facet of Govt and civil service
So government invents a bunch of lies to ban harmless drugs to please mystics. Suddenly reprisal lies are invented to ban harmless energy and cripple ALL trade and production. For every initiation of force there is unequal yet apposite reprisal force. BOTH packs of lies need to be de-weaponized.
With Milliband at the DESNZ helm, I’m afraid it’s fast forward to a socialist Venezuelan Britain – rampant poverty, hunger, cold & ill health for starters, followed by rising crime and civil disorder
Headline from the Energy Voice website a couple of days ago (article paywalled):
“North Sea “uninvestable” due to windfall tax and Labour party rhetoric, investor warns. The UK North Sea is “uninvestable” due to the windfall taxes and rhetoric from the Labour Party that they will make the regime even tougher.”