Ed Miliband is reportedly set to deny new licences for drilling in the North Sea and the cost of Net Zero is projected to run into the hundreds of billions. The scene is being set for the failures that could eventually bring down the Government, says Ross Clark in the Spectator. Here’s an excerpt.
Denying new licences for the North Sea – if the reports are true – will do nothing in itself to reduce demand for oil and gas, either in Britain or globally. All it will achieve is to reduce production from one minor player in the industry: the U.K., which produced 0.7% of the world’s oil in 2022, and force the U.K. to import more oil and gas. It will, therefore, put a little more power in the hands of non-democratic oil-producing countries. If you really wanted to reduce the power of dictatorships to fix global oil prices you would want democratic countries to produce as much as possible. Indeed, the power of Opec has diminished considerably since the U.S. became the world’s largest oil producer.
I don’t know how much Miliband is consulting the Chancellor Rachel Reeves, but he ought to be reminded that Labour’s manifesto assumed £1.2 billion a year in extra revenue from an enhanced windfall tax on oil and gas producers in the North Sea. How is the Government going to generate that income if oil and gas companies are not going to be allowed to drill? …
Chief Secretary to the Treasury Darren Jones has admitted that the Government’s Net Zero commitments will cost “hundreds of billions” of pounds. Trouble is, Labour’s manifesto only committed £4 billion a year of public money. The risk of Miliband helping bring down the Government has just got bigger.
Worth reading in full.
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I far preferred the Glen Miller Band.
Or the Steve Miller band,
The square root of FA of course.
The square root of -1 – it’s imaginary
Yeah – but useful. Unlike Miliband Minor (or Major for that matter)
As much as that?
Moribund
There’s no hope for the terminally dim Ed ‘Marxist’ Miliband, he deserves to die hungry and cold like he appears to think that the rest of us should.
The man is a fool.
It would be justice if he suffered as much as his worst-off victims – but he won’t.
He deserves to be kept warm and fed and safe – but his policies will ensure that not everyone will be.
He’s probably aiming to follow Alok Sharma into a highly lucrative role with the Rockefeller Foundation.
There is a serious concern about Ed Miliband’s mental health. So much so there is good case for him to be sectioned. The energy security and financial well being of our country is at stake. Perhaps join Joe Biden in a secure unit.
Okay everyone, join in…”Things, can only get better…”
At least when Miliband has driven the ship up the shore, the oil will still be at the bottom of the sea.
“Government’s Net Zero commitments will cost “hundreds of billions” of pounds. “
I am sure there are better things that the money could be spent on. Like fixing world poverty? Curing cancer?
Cancer cures have been found. Big Pharma don’t want them on the market because current 100 year old treatments rake in so much money.
Charidees like Cancer Research UK are just a racket, income in 2023 £719 million and they have been pulling these amounts for many years. However, they still haven’t found a cure for cancer?
BS.
Donations to charities are just secondary taxation for the gullible.
It only costs hundreds of billions if the requirement is to get a replacement to meet the same demand.
There is already a cure for “world poverty” —-It is called FOSSIL FUELS.
OT:
Some good news for a change: Forced Vaccinations On Our Loved Ones (crowdjustice.com) Mother finally wins in court battle to stop the state forcibly “vaccinating” her son against “covid”
Yes a “win” but what sort of people are they that they would put parents through all this strain and actually suffering.
Line the Next Tuesday’s up.
I’m sure you don’t need to be a parent to feel how despicable these people are, but as a parent I’d be homicidal towards all of them.
Miliband is just an extreme version of the UN and WEF lackey politician that has forced this country in law to reduce emissions to 100% of 1990 levels of CO2 by 2050 with no concern for cost (estimated by the grid to be in the region of 3 trillion) and with no real worry whether the technologies required for this absurdity can do what is proposed or whether new ones could ever be invented. This absurdity is ofcourse known as NET ZERO.
Our Political class are no longer answerable to the people that voted for them. They are just a local administration of the Global Governance via the UN/WEF. The policies they impose on their own citizens are ones desired by that same Supranational Politics that Margaret Thatcher warned about and indicated in her book “Statecraft”. At first Thatcher was onboard with the global warming issue because the Nuclear Energy that she favoured had no CO2 emissions to worry about. But she soon realised that the opportunity for global socialism was the real motivation behind control of CO2, which is the one gas that can be directly tied to Industrial Capitalism and that Climate Change policies were really just the excuse for anti capitalist polices that seek to control the worlds wealth and resources.
Off-T
Sort of…
https://www.thepublica.com/student-in-germany-murdered-by-gang-of-migrants-in-alleged-anti-christian-hate-crime/
Another young lad has lost his life to cultural enrichment. Bastards.
Off Topic….but good to know.—The squirming multi cultural cesspit parasites have no shame
Shit. Somebody just tried to assassinate Trump. It’s the way the signs say ”You’re fired!” then you hear the shots…
https://x.com/FergusPower1/status/1812255109750931734
He’s OK though, thank goodness. Jesus, the Leftards must be really pissed. Trump has more lives than a cat;
https://x.com/GhorbaniiNiyak/status/1812254092850241665
A close-up. Bless him. Brandon and Co need to pay for this. Prepare for all the faux concern from those lying dirtbags. I wonder who the hitman with a dodgy aim is and if they’ve got him yet…Well I reckon we know who’s got that election in the bag now. I just hope the guy can survive that long.
https://x.com/DaveAtherton20/status/1812255100053680542
An alternative headline is “One shot dead and two seriously injured at Trump rally”.
Not if, how soon. There will be a lot of pain and wasted money, but the end is inevitable.
We will all feel a great deal of pain socially and financially, but it will be a price worth paying if it ends this falsehood that renewables are cheap and secure.
All those that voted for Labour should be made to pay a premium for the idiocy.
I think he should answer a questions that senator Kennedy asked ” How much money will it cost? What time period? How many degrees lower do you expect these measures to cause?” These scammers expect this country to self destruct while those countries that will be producing goods that we find too dirty to make, will grow rich through industry. This is financial suicide. It is about time we started arresting these WEF shills for treason.
Apologies it was for 2050, the YT description is “‘You Don’t Know, Do You? You Don’t Know, Do You?’: Kennedy Does Not Let Up On Top Biden Official” “ Deputy Energy Secretary David Turk about the cost of green energy reforms. “
He’s made a good start, IMF by christmas
He’s made a good start. IMF by christmas
That man is an idiot. Hopefully his decisions will cause massive disobedience, disorder and protest. Hopefully that will destroy the communist Labour government.