Rolluplostinspace wrote:LordRaven wrote:Rolluplostinspace wrote:Russia and China were gearing up for the massive gas and oil production from the Arctic circle.
They are now solidly established way ahead of the west.
Asia are booming and roaring like a lion whilst the west quivers and squeaks like a mouse.
Economic warfare by way of sanctions has backfired on us big time.
Don't seem to have done anything to deter Russia from forging ahead with massive investments and engineering projects to leave us in the dust... or in this case the ice.
The only thing that can stop this disaster now for the west is a massive deep freeze in the Arctic circle.
Hold on! Our government have signed off a big oilfield?
“The controversial Rosebank offshore development off Shetland has been granted consent by regulators.
Located 80 miles west of Shetland, Rosebank is the UK's largest untapped oil field and is estimated to contain up to 300 million barrels of oil.
Development and production approval has been given to owners Equinor and Ithaca Energy, following reassurances over environmental concerns.
The plan has faced widespread criticism due to its impact on climate change.
Supporters of the project say it is vital for the energy security as it will reduce reliance on imports.
Its owners say it will create about 1,600 jobs during the height of construction, support 450 UK-based jobs during its lifetime, and provide "a significant amount of tax revenues for the treasury".
What is Rosebank and why is it so controversial?
LIVE: Biggest untapped oil field approved by regulators
It comes after the UK government said in July that it would issue hundreds of new licences for oil and gas exploration in the North Sea.
But last month 50 MPs and peers from all major parties raised concerns Rosebank could produce 200 million tonnes of carbon dioxide and urged then Energy Secretary Grant Shapps to block it.”
https://www.bbc.co.uk/news/uk-scotland- ... 933346.amp
The world is a very dangerous place, we need to be ready, we need the funding to be able to protect ourselves.
And if our perceived enemies are gearing up for a long protracted phoney war, then so should we.
Churchill said “if you want peace, prepare for war.”
I went a little more in depth ...
Rosebank has the capacity to supply the world's current oil needs for just less than a week so don't worry to much about what it adds to the worlds carbon consumption.
That does alter the perspective a little doesn't it.
But if we had a nationalised energy system it would ease the life of business greatly as the self employed and the big corporations travelled about a little less expensively.
It could have a great impact on the cost of living crisis but won't.
This country needs revenue, because it can’t afford to look after all our own people at present, and it needs to up industrial capability because of the Ukraine war.
Which isn’t going away anytime soon.