Member Info for MarktheSpark

The source was one of the TV news channels during their special afternoon coverage, BBC or ITV, not sure which one but laid out in a diary format with expected events for each day.

The Truss energy strategy will be announced on Thursday this week.

This not a notional “national emergency”, this is a NATIONAL EMERGENCY both for households and industry.

I’m just working on Truss’ first press release….?

“I am today announcing decisive action in response to the current energy crisis facing households and industry in the U.K. This crisis was not of our making, but brought on by President Putin’s destructive and unwarranted decision to cut off gas supply to mainland Europe. He must not be allowed to use energy supplies to support his barbaric invasion of Ukraine. Not only will I be putting an immediate cap on energy bills I will be taking steps to ensure our energy security long term.

* ?Under our feet we have vast reserves of gas waiting to be harvested and if only 10% of that resource is realised it could provide a reliable source of energy for our people for the next 50 years. We cannot allow our children and elderly to be held to ransom by a vicious despot. I will be taking immediate steps to bring planning matters related to onshore and North Sea gas and oil exploration under my government’s direct control. This is an emergency situation. Winston Churchill’s government during the Second World War, managed to drill 100 oil wells in just one year to support the oil needs of our armed
forces. We will bring forward. the same determination to our needs today. We will take firm and uncompromising action to ensure our future energy security is ensured.

* ?At the same time we will not forget the need to consider the need to reduce greenhouse gases and urban pollution but at the present moment the energy needs of our people must take precedence. There is no alternative. “?

* First draft but I’m quite pleased with it so far.

I’m just working on Truss’ first press release….?

“I am today announcing decisive action in response to the current energy crisis facing households and industry in the U.K. This crisis was not of our making, but brought on by President Putin’s destructive and unwarranted decision to cut off gas supply to mainland Europe. He must not be allowed to use energy supplies to support his barbaric invasion of Ukraine. Not only will I be putting an immediate cap on energy bills I will be taking steps to ensure our energy security long term.

* ?Under our feet we have vast reserves of gas waiting to be harvested and if only 10% of that resource is realised it could provide a reliable source of energy for our people for the next 50 years. We cannot allow our children and elderly to be held to ransom by a vicious despot. I will be taking immediate steps to bring planning matters related to onshore and North Sea gas and oil exploration under my government’s direct control. This is an emergency situation. Winston Churchill’s government during the Second World War, managed to drill 100 oil wells in just one year to support the oil needs of our armed forces. We will bring forward. the same determination to our needs today. We will take firm and uncompromising action to ensure our future energy security is ensured.

* ?At the same time we will not forget the need to consider the need to reduce greenhouse gases and urban pollution but at the present moment the energy needs of our people must take precedence. There is no alternative. “?

* First draft but I’m quite pleased with it so far.

I guess the short term direction of the SP will depend on whether Truss’ plans for fracking can be started in say the next 2 or 3 months or whether it’s “after a period of consultation” or similar which will drag on. As I’ve said here in the past, during the Second World War we managed to drill 100 oil wells in the Nottinghamshire area in ONE YEAR so surely we can do similar now.
During the Kuensberg interview she seemed like she really wanted to talk about plans for supply but Kuensbarg didn’t give her space. Hopefully she has plans already up her sleeve.

Yes, I guess the short term direction of the SP will depend on whether Truss’ plans for fracking can be put into operation in say the next 2 or 3 months or whether it’s “after a period of consultation” or similar which will drag on. As I’ve said here in the past, during the Second World War we managed to drill 100 oil wells in the Nottinghamshire in ONE YEAR area so surely we can do similar now.

During the Kuensberg interview she seemed like she really wanted to talk about plans for supply but Kuensbarg didn’t give her space. Hopefully she has plans already up her sleeve.

Yes, that reply is weaker than the impression given by the Daily Telegraph article. When things get bad this winter, I suspect she may be persuaded to get tougher to everyone’s benefit.

In the Sunday Telegraph Liz Truss has turned her attention away from pork and cheese to say, if elected, she will do away with”sticking plaster” approaches to energy supply and within the first week of her new administration will set out. immediate action on energy bills and energy supply. She says “tough decisions” will be needed.

In the Sunday Telegraph Liz Truss has turned her attention away from pork and cheese to say, if elected, she will do away with”sticking plaster” approaches to energy supply and within the first week of her new administration will set out. immediate action on energy bills and energy supply. She says “tough decisions” will be needed.

It’ll be interesting to see what’s been going on behind the scenes. The closer we get to the huge bills dropping through letterboxes the closer we get to public disturbance that rises through the winter. Look out for Farage to get in on the act. The rumour is that Truss will reduce bills by 30% at a cost of £32 billion, partly covered by a 1p “solidarity tax” on high earners. But that will not quell the disturbance. An emergency move to push fracking in a wartime-like manner could be her Thatcher flagship “there is no alternative” moment. Looking at her I’m worried she’ll be too flakey but with a backing from a strong cabinet she might get it done.

It’ll be interesting to see what’s been going on behind the scenes. The closer we get to the huge bills dropping through letterboxes the closer we get to public disturbance that rises through the winter. Look out for Farage to get in on the act. The rumour is that Truss will reduce bills by 30% at a cost of £32 billion, partly covered by a 1p “solidarity tax” on high earners. But that will not quell the disturbance. An emergency move to push fracking in a wartime-like manner could be her Thatcher flagship “there is no alternative” moment. Looking at her I’m worried she’ll be too flakey but with a backing from a strong cabinet she might get it done.

Regarding financing anti-fracking, few years ago the then Director General of NATO suggested that the anti-fracking movement had some generous furry-hatted friends.

Sorry, this is just rubbish, the phrase 'Fracking will only take place in areas with a clear public consensus behind it” leaves open the prospect of a long period of consultation, possibly dominated by well financed green lobbyists. We didn’t consult when when we drilled 100 oil wells in Nottinghamshire during the Second World War. We’re not quite at that level of emergency yet but almost certainly we are facing the prospect of widespread fuel poverty and even public unrest. Yes people who are affected by any drilling must be well compensated (from the profits of the drilling companies) but there just can’t be undue delay.

U.K. gas prices have just reached £6 a therm. An average household with gas central heating uses 100 to 120 therms a month. When you add on all the extras such as standing charge, pipeline delivery, profit etc, it’s looking to be an expensive winter if the government doesn’t throw Furlough type amounts of money at the problem.
I suspect that large parts of the population seldom notice the news and have little idea of what’s going to hit them when the next bill arrives. Then the effluent will really hit the fan.

Energy bills this winter are going to at least treble. But it’s not a short term problem, gas contracts are already being made for 2025 at very high prices. This prospect, of course, means that investment in shale gas becomes a near certain winner given U.K. reserves. We need to be taking urgent action, not just drilling but building the pipeline links from drill sites to the national gas pipeline infrastructure.

You might be right but I think eventually if the energy crisis gets worse it will force the government into taking charge of planning consents, hopefully with appropriate compensation for those affected. These are going to be difficult decisions, some people may lose out and need to be compensated but on the other hand, this winter, it is forecast the energy price cap will more than treble to over a £4000 a year and over a quarter of all households will be driven into fuel poverty. It looks like it will be grim.

I’m really amazed that, in view of the energy crisis, the County Council just doesn’t just reverse its objection to the development which promises to provide a very small, but significant, contribution to U.K. oil needs. Each barrel of U.K. onshore production equals lower carbon, lower price and less reliance on “head-choppers and Putin’s henchmen”.

I guess what’s holding Egdon back is, as I understand it, the presence of warrants that allows their owners to buy about 50 million shares in Egdon (10% of total shares in the company) at 2.5p at any time between now and next year. Obviously the inevitable exercise of those warrants would dilute the share price. That’s not to say that good news on fracking or Wrestle output won’t dwarf the warrant issue and set Egdon on a steep upward trend.

Liz Truss has come out in favour of fracking (with local consent). That’s her and Jacob Rees-Mogg onside so the SP is sure to fly. LOL.