Kemi Badenoch setzt sich für Nordseebohrungen bei einem Unternehmen ein, das einem Öl- und Gasmanager gehört, der den Konservativen 250.000 Pfund gespendet hat

The Tories can fuck off. Instead of doing what Norway did and set up a sovereign wealth fund with the proceeds of oil production, the Tories flogged it off on the cheap to their rich mates then used the money to give them massive tax cuts.

Now Norway have 2 trillion in their fund and have invested in hydro power generation and EV infrastructure that means they can sell their oil to the rest of the world, while we have shitheads like Badenoch and Farage trying to keep us hooked on the stuff. They aren’t interested in making our bills lower, they want to stop green energy from killing the cash cow owned by their donors in the fossil fuel industry.

Find this confusing. Work in commodities and it’s well known even under the most optimistic “no constraints” scenario (which the industry itself acknowledges is “beyond realistic assumptions”) around 86% of North Sea production has already happened. It would be like spending a ton of cash to scrape the inside of an empty jam jar.

Wonder what her play is here?

From an economic angle, I understand the basin is mature and in decline, so is it even worth investing in now? If it can reduce the cost of consumers, then so be it but energy needs to be treated as a national security concern and if nuclear and/or green sources can fit this gap, then why not invest in that?

She knows that north sea drilling will do little to nothing to change anything of our energy costs or security.

Her now shadow energy minister even said so two years ago.

Unless all the oil companies are nationalised and we restrict all oil exports and then manage to refine it all in the UK (which we can’t), anything taken out of the ground is sold on the open market.

So yeah, jog on Badenoch.

2029 coalition of hell: Reform and Tories.

There’s really no difference between the two parties, they’re both run + funded by and for rich people.