posted on Oct, 26 2012 @ 03:59 AM
reply to post by stumason
As for your British quip, we still pump a fair amount of Oil and Gas, with new fields being explored. We actually pump around 1 million barrels of oil
a day, roughly the same as Texas.
My British quip ? what you on about ?, I'm a born and bred Englishmen and very patriotic, you think i enjoy the fact we have next to nothing in gas
and oil production.
Lower North Sea oil production is one reason for Britain's weak economic recovery and makes it harder for Osborne to balance the books, British acute
energy dependency is here.
The coal mines have closed, the older nuclear power stations are on their last legs, the gush from the north sea is well over and squandered.
We import more gas and oil then we produce, alone speaks volumes and production been reducing by 17% every year, i know you like to argue the toss,
and you simply refuse to accept major western oil companies are still doing business with iran despite sanctions, there are so many loopholes in the
oil and gas industries.
Noor Energy, Petro Suisse, Petro Energy and Hong Kong Intertrade have already been exposed as front companies for the National Iranian Oil Company
(NIOC) doing backdoor business this summer with the western oil companies.
So as i already said, i guess we have to disagree on this issue, you think Briton oil industries is in good shape, i think its bottomed out, you think
the western oligarch's abide by these sanctions implemented on iran, i don't.
As i already said before, western oligarch's work under a different set of rules and laws to the rest of us they are a law unto themselves.
My original stances stands, UK needs to secure cheap oil/gas imports or were screwed for lack of a better word.