RE: $100 oil22 Feb 2022 10:45
Surely the Ukraine/Russia developments should act as a catalyst to the Falklands development getting the green light from the UK government, and perhaps financial support? This is what Boris has just announced:
Boris Johnson says shifting away from Russian oil and gas would help with the UK's energy security.
He says the volatility in gas prices in Europe is a "consequence of that failure" to stand up to Russia in 2014 when Crimea was annexed.
The PM says: "In the UK we have been able to reduce our dependency on Russian gas very substantially. Only 3% of our gas supplies now come from Russia."
Johnson says the response includes granting licences for UK gas reserves but also shifting to low-carbon energy, including nuclear power.
He added: "The faster this country can be more self-reliant on our own energy, the more prosperous we will be, but also, of course, the more sustainable our energy prices will be, and that will benefit the UK consumer."