When North Sea Oil and Gas is being exported elsewhere, to the highest bidder, there is no energy security.
As for the oil and gas industry enabling other sectors and a transition, wind, solar and battery storage have plummeted around 85%.
Denmark have been investing in wind power since 1975, on that measure the oil and gas industry has had 50 years to transition to renewables. Beyond Petroleum is a long time dead in the water.
The oil and gas industry have no intention of transitioning and we will hear these same arguments in 10, 20 and 30 years unless we redirect the subsidies to adapting, homes, cities, transport, farming.
Better to collect the taxes from those with a verifiable track record on delivering on the solutions and new solutions than those gobbling up subsidies in an enormous human and opportunity cost.
but they will prob sell the oil and not use it domestically . now the prices are higher . knock 2p of a liter for us and make and steal loads behind the scenes
unless you have a state owned company this is going to do nothing but boost profits for shell/bp or whoever is drilling it, wont bring uk prices down at all
The key issues with this topic as I see it are a) Yeah, sure, we'll need oil and gas for far longer than just the next 20-30 years, and there's a case to be made for extracting it ourselves, refining it ourselves, if we can on the grounds of security, so a blanket 'no' to this is daft. The thing is, there's the issue of cost which most on the right seem to be set on ignoring. This immediately makes it difficult to take them seriously.
b) And then there's the fact that the Conservatives are the party which should shoulder the greatest blame for diminishing, and flogging off, our natural resources - they, and people like Faragae, are obscene hypocrites.
c) Further to this hypocrisy, they're liars. Either deliberately or out of stupidity, the claim made is that if we 'drill, baby, drill' prices will come down. PRICES. ARE. SET. GLOBALLY. The stupidity and ignorance of those lapping this up is staggering.
As is so often the case, it's been us awful, pragmatic, 'centrist' types who have long promoted reason. We should have kept more under public ownership, we should have retained greater storage and refining capacity, we should have developed nuclear, and other generation, e.g. wind
The deeper it is the harder it is to extract, the more expensive it will be. Total snp disinformation about jobs, 20 at most. They will Stick to the manifesto or an election will be needed.
"For example (if) these companies don't deliver the level of economic growth that they are advertising now that they are held accountable for that." I really can't believe what I'm hearing. If a company doesn't produce growth, it doesn't make a profit. That's actually how economics works. Sorry to be blunt but is the interviewer really that that thick?
The Russia/Ukraine and US/Iran wars have emphasised the incredible fragility of worldwide oil and gas supplies and the effect on domestic energy prices and availability. I for one welcome anything the UK can do to reduce it's dependence on overseas supply chains. The decision is totally pragmatic and in the best interests of this country. If we are going to consume it then we should produce it!
A small point, we don’t burn oil. It’s not used for energy production, it’s turned into products, not only plastics, but e.g. roads as well. Those products can’t be magically produced as part of net zero. Even fertilisers are made from natural gas predominantly.
C
Coach Reyes19 Jul 2026
Spot on, Devon M. It's a high-stakes balancing act, but in this game, protecting those local jobs is the immediate defensive play before they can pivot to the long game of net-zero.
D
Devon M.19 Jul 2026
Wait, if they do a U-turn on the North Sea oil, does that mean new licenses will actually be granted? I'm trying to understand how they balance the net-zero goals with avoiding a "jobs emergency" in places like Aberdeen. Which one takes priority here?
M
Marcy L19 Jul 2026
Omg right?! 😂 Typical politicians, Peter—they can't even get through the door before changing their minds!
J
June from Daily JunctionHost19 Jul 2026
It does feel like a sharp pivot from what we were promised, Robert. It makes you wonder where the line is between adapting and ignoring a mandate.
We use cookies, device fingerprinting and cross-device tracking to personalise content, serve targeted advertising, and analyse how you use our site across your devices. By clicking Accept all you consent to the use of these tracking technologies. Your data may be used to build a profile of your interests and show you personalised ads on other sites.
Privacy policy
Comments (24)
Daily Junction discussion mixed with clearly attributed comments from the original video provider.
Join in — free. Comments on Daily Junction are for members, so real names stay rare and bots stay out.
One field. We email you a 6-digit code — no password needed. Your comment is kept while you do it.
Under 13? You’ll need a parent’s OK first — it takes them one click.
As for the oil and gas industry enabling other sectors and a transition, wind, solar and battery storage have plummeted around 85%.
Denmark have been investing in wind power since 1975, on that measure the oil and gas industry has had 50 years to transition to renewables. Beyond Petroleum is a long time dead in the water.
The oil and gas industry have no intention of transitioning and we will hear these same arguments in 10, 20 and 30 years unless we redirect the subsidies to adapting, homes, cities, transport, farming.
Better to collect the taxes from those with a verifiable track record on delivering on the solutions and new solutions than those gobbling up subsidies in an enormous human and opportunity cost.
b) And then there's the fact that the Conservatives are the party which should shoulder the greatest blame for diminishing, and flogging off, our natural resources - they, and people like Faragae, are obscene hypocrites.
c) Further to this hypocrisy, they're liars. Either deliberately or out of stupidity, the claim made is that if we 'drill, baby, drill' prices will come down. PRICES. ARE. SET. GLOBALLY. The stupidity and ignorance of those lapping this up is staggering.
As is so often the case, it's been us awful, pragmatic, 'centrist' types who have long promoted reason. We should have kept more under public ownership, we should have retained greater storage and refining capacity, we should have developed nuclear, and other generation, e.g. wind