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.

Colin Belshaw
Reply to  Bruce Cobb
March 20, 2026 9:56 am

“And still wrong.”
That’s for bloody sure!!
And how he gets his ridiculous rubbish printed in the Telegraph beats the hell out of me.
What this twerp seems to conveniently and idiotically forget is that over 80% of global primary energy is still actually provided by fossil fuels, and the quantities being produced and used are ever and consistently increasing, whereas renewables only provide a tiny add-on.
China and India, for example, just looking at coal:
In 2023, China’s domestic coal production was 4.72 billion tonnes, and coal imports were 474 million tonnes, TOTAL 5.194 BILLION tonnes.
In 2024, its domestic production was 4.78 billion tonnes, imports were 548 million tonnes, TOTAL 5.328 BILLION tonnes.
And in 2025, domestic production was 4.83 billion tonnes, imports 528 million tonnes, TOTAL 5.35 BILLION tonnes.
Same for India:
2023 domestic coal production 890 million tonnes, imports 220 million tonnes, TOTAL 1.11 BILLION tonnes.
2024 domestic production 990 million tonnes, imports 237 million tonnes, TOTAL 1.227 BILLION tonnes.
And 2025 domestic production 1.02 billion tonnes, imports 246 million tonnes, TOTAL 1.266 BILLION tonnes.
All on and up, see.
And in the same article, the twerp said this: “Electrotech will win the global energy contest and will destroy the legacy system of fossil fuels in the end.”
This has got to be the biggest load of rubbish the twerp has spouted in a very long time, especially when you consider that oil and gas resources will last for multiple decades yet, and coal probably for centuries . . . notwithstanding the idiot clearly expects 1.4 billion ICE vehicles globally to somehow be replaced by EVs in the blink of an eye.
Meanwhile, molten salt reactors just around the corner, and when they are commercially deployed, this will trigger the immediate and welcome destruction of the ridiculous profligacy and stupidity of the wind and solar industry . . . as well as enable the production of synthetic fuels to enable transport and aviation to continue as we know it.

David Wojick
March 20, 2026 3:20 am

Fracking?

oeman50
Reply to  David Wojick
March 21, 2026 5:02 am

Plenty of resources in the UK.

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.

strativarius
Reply to  worsethanfailure
March 20, 2026 7:09 am

Then you might just as well roll over and suck it up.

MarkW
Reply to  worsethanfailure
March 20, 2026 2:06 pm

You complain about the civil service, yet on the other hand you want to turn over the oil and gas industry to that same civil service.

MarkW
Reply to  worsethanfailure
March 20, 2026 2:05 pm

If you want to destroy an industry, the first thing you need to do is nationalize it.
Imagine the horrors, people who pay to develop a resource selling that resource to whomever they want.

Reply to  worsethanfailure
March 20, 2026 8:04 pm

The UK government generates revenue from offshore oil and gas through a high-rate profit-related tax regime, totaling approximately £4.5 billion in the 2024–25 financial year, according to gov.uk. They also get additional income from licensing fees. If the government doesn’t use that income to offset high energy costs to its citizens thats between the government and the voters. There is absolutely no reason for the citizens of oil producing countries to be paying global market prices. Capitalist countries profit handsomely from the commercial extraction of oil and gas

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…

Dave Andrews
Reply to  strativarius
March 20, 2026 8:50 am

Starmer personally pledged to Equinor that Rosebank would not be blocked. They had invested around £1.6bn in the project when he pulled the plug. They were not happy!

Equinor have also over recent years considerably scaled down their investment in unreliables by around 50% as they do not see them able to provide sufficient profitability.

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.

strativarius
Reply to  _Jim
March 20, 2026 8:03 am

An Extreme Plonker

Reply to  _Jim
March 20, 2026 8:09 pm

I had the same question until I noticed the author’s name of the Telegraph article, Ambrose Evans-Pritchard.

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.

strativarius
Reply to  Walter Sobchak
March 20, 2026 8:04 am

Where I live it doesn’t.

Rod Evans
March 20, 2026 8:55 am

I actually subscribe to the Telegraph. Ambrose Evans Pritchard used to be regarded as a sane voice when it came to economic story lines. His reputation went down hill almost as fast as Greta Thunberg’s did once the decided to bang the nonsense drum of Climate Change being a man made phenomenon. His engagement with a subject he clearly knows nothing about and ventures into a science that is well beyond his expertise have brought him into disrepute and no longer seen a a relevant voice.
My efforts to alert him to his folly on the comment opportunity sadly never gets uploaded for others to read as I was shadow banned from the comment forums about ten years back.
They do say a war resets all things, perhaps the Climate Alarmists are finally having to come back to reality including the high profile AEP types.
It will be interesting to see how long Miliband holds out against the ever increasing head winds of energy reality.