Actually probably to be expected from these drones in Whitehall, but in fact the situation with the AG arabs, UK security of oil supply hung up on the whims of a bunch of despots if UKNS development is strangulated by market manipulation, leads one to conclude any forward thinking government needs to be rapidly more supportive, if necessary even by cash injection or more favourable tax treatment, to ensure this long term HO hub concept and oil from same gets off the ground asap.
It's quite conceivable the projected decimation of US shale oil production, and marginal projects elsewhere, could lead to a massive sustained upswing within the next two years of the oil price, to the benefit of these jokers in the middle east. Even SA and Russia acting in co-operation for once to cut supply could effect same. A current 2% oversupply could rapidly be reversed with consequential price surge from same. Stability of energy supply at economical prices should be a key component of any government strategy. Yet all we seem to see and hear is minimalistic action and waffle via committees, taxes, whatever, while a significant modern industry in place looks to have the potential to be rapidly decimated.
Optionally also cut off their access to capital and stock markets, restrict their ability to buy up qualiry assets on the cheap, force them out of their property holdings in the UK and elsewhere, put them on the same footing as foreign investors in their countries, to emphasize this is an inter related world, summary destabilizing actions taken in one place will have consequences elsewhere.
Much XEL oils is worth and how do you build a budget it on it for a independent Scotland? Zero interest in takeover of this strategic asset two and almost a half years since a exceeded management expectations EWT. People saying the NS isn't in trouble? Try telling investors in this company that!
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