Because they aren’t dependent enough externally. Their learning curve went flat a while backUK Moves To Ban New North Sea Oil & Gas Licenses Permanently
The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a barrage of criticism that the policy is depriving the UK of billions of pounds in tax receipts without helping the environment.
- The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill.
Last week, Norway, which drills for oil in the same area of the North Sea as Britain, approved plans to reopen three gasfields that had been shut for decades to help sate the global demand for fossil fuels caused by the closure of the Strait of Hormuz shipping lane.
UK Moves To Ban New North Sea Oil & Gas Licenses Permanently<!-- --> | ZeroHedge
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