The UK Natural Gas Crisis of 2022

1 year ago
8

Did you know that in just four months, the UK spent £60 billion importing gas to stave off a winter energy crunch? That's a staggering amount of money, especially when you consider that in the whole of 2021, the UK brought in less than £20 billion of gas.

But why is the UK in this situation? Well, the government decided to ban fracking years ago, which means they no longer have enough locally produced natural gas. Instead, they had to buy natural gas from a rogue enemy state, namely Russia. And when Russia attacked Ukraine, the sanctions that followed reduced the UK's access to the natural gas they needed for the winter.

The lack of access to natural gas forced the UK to buy LNG on the open market, which is a lot more expensive and produces more CO2 emissions worldwide than drilling and producing the needed natural gas locally. It seems that the UK parliament made some very bad decisions for their country and the climate as a whole.
https://notalotofpeopleknowthat.wordpress.com/2023/02/08/the-price-of-britains-mad-fracking-ban/

Let's hope that in the future, the UK can transition to sources of energy that are at least as environmentally friendly and just as reliable and low-cost as locally produced natural gas.

If you would like to receive a monthly royalty check, feel free to give us a call.
Thanks for watching.

If you want to receive a monthly royalty check from a reliable energy source, just give us a call.
Thank you!

Do you have a strategy to protect your wealth from #recession #inflation #stagflation #hyperinflation #energycrisis?

We offer FREE reviews if you are evaluating an oil well drilling or re-work deal.
Give us a call or send us an email.

Uncover ways to use 1031exchange #funds to #purchase a mineral property.

Visit our website. https://mineralroyaltiesgroup.com/
Listen to and like this video then Subscribe to this channel.

#oilandgas #energy #renewableenergy #offshore #oilfield #petroleum #naturalgas #energytransition #fracking #drilling #sustainability #cleanenergy #energyindustry #energyefficiency #fossilfuels #climatechange #carbonfootprint #oilprices #energynews #energysecurity

This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.

Loading comments...