Climate ugliness Government idiocy

Labour tax raids make US gas cheaper than North Sea supplies

1 week ago

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From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Doug Brodie

From the Telegraph:

Labour’s tax raids have made producing North Sea gas more expensive than importing gas from the US, energy experts have warned.

The cost of drilling and delivering new gas from the UK Continental Shelf is now about 50pc higher than the cost of sending US liquefied natural gas (LNG) to Europe, according to analysis by Thunder Said Energy.

This is despite the fact the American figure includes extraction, the cost of liquefaction and shipping the gas thousands of miles across the Atlantic.

Analysts at Thunder blamed the “totally crazy” oil and gas windfall tax first imposed by the Conservatives, and then expanded under Labour, for driving up the cost of production.

This was discouraging investment and leaving the UK more dependent on imports at a time of rising geopolitical turmoil, they said.

The analysts added that if the tax burden were eased and political uncertainty reduced, the cost of North Sea production could be cut in half.

Full story here.

Words fail me!

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Whetten Robert L

September 5, 2026 10:54 pm

50pc [%] higher than the cost of sending US liquefied natural gas (LNG) to Europe

And LNG (wholesale prices) in E. Asia & W. Europe are about fivefold (that’s +400% higher than) producer prices in the U.S.A., where we have such an overabundance of production that prices routinely go negative (!) in Springtime — they will PAY YOU to haul away the stuff (CNG), just to be relieved of storage cost, ever since wellhead ‘flaring’ has been restricted.

But, for the Good News: You can do this too. There’s no geophysical reason that England & the Coal-Belt of FR-DE couldn’t be producing abundantly their own Natural Gas and its associated liquids (Propane, Butane).

All you need is your Revolution, long overdue:
“EU[SSR] Parliament hears Continent ‘on track for Civil War” by Oliver JJ Lane, 28.03.2026, quoting Anglo-Canadian academic Prof. David Betz (KC-London). He says it will be reminiscent of the Siege of Sarajevo, mid-1990s, for those who believe ‘Never Happen Here’ logic and need a recent point-of-reference.
Come on now, let’s get on with it, get it over with, post-haste.

Rud Istvan

September 6, 2026 2:46 am

The three main global LNG producers are Qatar, US, and Australia. US has a shipping advantage to Europe, the other two a shipping advantage to Asia. How the markets sort out. Russia had a BIG natgas shipping advantage to Europe skipping LNG costs, until Ukraine blew up the Baltic NordStream pipelines after being attacked. Bad Russia, foolish Europe.

China has abundant natgas shale in Sichuan, but it is folded and faulted like California’s Monterey shale so cannot be horizontally drilled and fracked. (Some years ago, USGS took Monterey natgas potential from 15 billion BOE to essentially zero for this simple reason.) Europe (especially UK) also has abundant natgas shale, but doesn’t (yet) allow horizontal drilling/fracking. Again foolish Europe—so now in major economic and social decline.

Harold Pierce

Reply to Rud Istvan

September 6, 2026 8:06 am

BC has two new ports for shipping LNG to Asia. The compressors will use cheap BC Hydro electricity for power instead of using some of the gas.

ResourceGuy

September 6, 2026 9:18 am

Add an export tariff on LNG to the UK to match the Chinese export tariffs on solar.

Bob

September 6, 2026 5:13 pm

It can’t be said too often, government sucks. There are very few things that should be left to government. Clearly energy isn’t one of them, get the government out of the business of business and limit their ability to tax and bully people.