AEP Wants North Sea Oil & Gas Now!

From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Ian Magness

 Poor AEP’s head must be spinning. After years of condemning fossil fuels to the Net Zero bin, the chance of a global shortage has made him realise how much we need them!

From the Telegraph:

But, right now, we are halfway between the old and the new energy order. That leaves us in an uncomfortable position – neither molecule fish nor electron fowl – as Gulf War III hurls another oil and gas shock our way.

The UK has a chronic balance of payments deficit. It is leaking wealth on fuel imports at a pace of nearly 2pc of GDP a year, even in good times. The sane economic choice is to exploit everything we can from our one outstanding energy resource: the North Sea.

That means capturing the superb wind conditions on the Dogger Bank and the Hornsea cluster with a capacity factor reaching 50pc to 60pc. It also means extracting as much oil and gas as the free market will deliver from the remaining – highly depleted – hydrocarbon fields.

Full story here.

Thanks for the advice about North Sea oil, Ambrose. But a ten-year old could have told me that!

Actually I have no objection to anybody building wind farms in the North Sea, but don’t expect us to subsidise it. They should also have to pay an Intermittency Tax for every unit of electricity generated, to cover the system costs imposed by their intermittency.

But he still does not get it!

He talks about “50% to 60% capacity factor”, as if this has any meaning where a wind farm is concerned. He gives the impression this is regular power, in the same way that a CCGT plant might produce at 85% capacity over the year.

If we take his example of Hornsea, the monthly load percentage from Phase 1 regularly fluctuates from the 20s to the 70s:

https://www.ref.org.uk/generators/view.php?id=HOR&tab=lf&returnurl=https%3A%2F%2Fwww.ref.org.uk%2Fgenerators%2Fsearch.php%3FGeneratorName%3Dhornsea

Daily variations are, inevitably, much more acute, ranging from virtually nothing to 99% of capacity.

Phase 1 of Hornsea 1, with capacity of 400 MW and 9600 MWh a day, has generated less than 1000 MWh a day for 15% of the time since it became operational. For a third of the time, it runs at less than a third of capacity.

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Bruce Cobb
March 20, 2026 2:53 am

Right now, they are halfway between the smart (“old”) and the dumb (“new”) energy order. And he’s saying they need both now, after years and years of slamming the smart (“old”) energy order. This about-face is laughable. And still wrong.

David Wojick
March 20, 2026 3:20 am

Fracking?

Robertvd
March 20, 2026 3:40 am

Net-Zero Norway will be delighted too.

Robertvd
Reply to  Robertvd
March 20, 2026 3:45 am

”Norway is an important supplier of oil and gas to the global market, and almost all oil and gas produced on the Norwegian shelf is exported. Company and government revenues from the sale of oil and gas have played a crucial role in creating the modern Norwegian society.”
https://www.norskpetroleum.no/en/production-and-exports/exports-of-oil-and-gas/

Crude oil and natural gas amount to 57% of the total value of Norway’s exports of goods in 2025.

Reply to  Robertvd
March 20, 2026 5:20 am

So Norway can brag that it’s close to net zero while exporting the Satanic fossil fuel!

March 20, 2026 3:53 am

” ….. from the remaining – highly depleted – hydrocarbon fields”.
So he still doesn’t want to open up the already found new fields which Mad Ed and Swithering Sweeny won’t allow anyway.

strativarius
March 20, 2026 3:55 am

AEP Wants North Sea Oil & Gas Now!

Friar Miliband does not. Nor does Moonbat:

Ironically, in Norway, which supplies 76% of our gas imports.
https://www.theguardian.com/commentisfree/2026/mar/13/uk-energy-prices-soaring-war-iran-fossil-fuel-north-sea

The irony of importing when we could be drilling [and fracking] is lost on George.

Reply to  strativarius
March 20, 2026 4:41 am

It is very unclear what would happen if we were to drill and frack without first nationalising the industry. As things stand, the companies with the drilling licences can sell their output anywhere they like, at the price the market will bear.

Admittedly if we were exporting rather than being at the far end of a pipeline importing oil and gas, we would have the option to seize the product, like Venezuela did… Do we want to find out what happens after that?

I am not advocating for wafts and sunshine. They are lame. We have an unfolding crisis that can only be fixed if world supply can match world demand. The UK drilling won’t make the crisis worse but it will hardly touch the sides.

This is going to be grim. The UK screwed the pooch long ago.

strativarius
Reply to  worsethanfailure
March 20, 2026 4:45 am

You are Labouring (geddit?) under the illusion that governments cannot act.

They can – if they have the political will.

Reply to  strativarius
March 20, 2026 5:22 am

Trump proves that. The other side complains that he’s not intellectual- maybe so, but he has huge gonads.

Reply to  strativarius
March 20, 2026 5:23 am

You are hoping for a unicorn. I am hoping you get it.

But I am also making plans for doing without reliable energy supplies. My wife and I were reminiscing about the blackouts of the early 1970s, and the tanker drivers’ strike of the early 2000s, and what we did to cope with those—skills that might come in handy again quite soon.

strativarius
Reply to  worsethanfailure
March 20, 2026 5:37 am

Reform UK – should they win the next election – are pledged to deliver that unicorn; RIP net zero.

Ted Heath’s 3 day week, which I enjoyed immensely, is a very different prospect in today’s world. Electronics? A Stereo, a TV and a Radio etc. It was all analogue.

Reply to  strativarius
March 20, 2026 6:24 am

First off, winning an election will be the easier bit. Bringing the civil service to heal will be the epic task.

Second, the next election may as well be a hundred years from now. Winter is coming long before then.

And third, we placed our bet. We went all-in renewables. We didn’t build nuclear. We blew up coal. A government that hasn’t been elected yet can’t do anything to help get us through what is about to land. We have to pi** with the di** we’ve got: Labour and Miliband. I am not feeling lucky in the unicorn department.

rovingbroker
March 20, 2026 4:42 am

Why do we have to explain this stuff over and over and over again?

strativarius
Reply to  rovingbroker
March 20, 2026 4:46 am

It would seem so.

March 20, 2026 5:18 am

the remaining – highly depleted – hydrocarbon fields”

How depleted is it? Or is it? Maybe he’s just saying that so he won’t look like a major traitor to the cause? Only a minor, temporary traitor?

strativarius
Reply to  Joseph Zorzin
March 20, 2026 5:23 am

They’re already holding back on Rosebank field and Jackdaw field. Both as yet untapped…

March 20, 2026 5:58 am

So, AEP is not American Electric Power, the company … one of the largest electric utility companies in the US.

AlbertBrand
March 20, 2026 6:37 am

Let’s see. Worldwide renewables are 8.2%, hydro is 6.4%, nuclear is 4%, and fossil fuels are 81.5% of energy consumption. So after 20 years of building out renewables they are hardly 10% of the total. Doesn’t this seem like a futile effort? What a bunch of nimrods.

Walter Sobchak
March 20, 2026 6:39 am

Where I live AEP means American Electric Power.