The UK Government’s crazy 75% tax on oil companies will have cheered the climate change cultists – who want us to stop using oil, gas and coal, and either to starve or to freeze to death.
But the tax, as I predicted, means that oil companies don’t want to drill for oil and gas in the North Sea.
In 2019, oil companies drilled 29 new wells in the North Sea.
But in 2022, only 6 new wells were drilled.
Now, the largest independent North Sea producer, Harbour Energy, has said that it will not bid for a drilling licence because of the windfall tax.
The…
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Source: Dr Vernon Coleman - MB ChB DSc Read the original article here: https://vernoncoleman.org/