Wednesday, January 07, 2009

Britain's Gas and the Bacton Interconnector

In view of Russia's restrictions of Gas supplies to the EU the very first point to emphasise on this topic is that as the Lisbon Treaty has not been ratified there is absolutely no requirement on the UK to allocate their energy supplies, either oil or gas, with countries suffering shortages on the Continent. Outside of the EU, in the spirit of the first rate international co-operation that existed within Europe before the EU began to spread its poisonous mistrust, there still exists the normal needs for neighbourly co-operation. When I was in the UK preparing the launch of the failed bid to establish a party that stood for truth and honesty in politics at the last General Election, there appeared in the Evening Standard some twenty pages of job vacancy adverts, placed by the state-owned Italian oil and gas giant Agip for gas traders and gas accountants to work in London. There was evidence of other European energy monopolies hiring such staff around the same time. Agip had tiny North Sea Gas production at the time and as a former oil man and liquefied petroleum gas trader in international markets I was extremely suspicious of these moves and correctly anticipated the subsequent large increases in the costs of Natural Gas to Britain's consumers.. I suspect many UK gas customers are now supplied by such European giant companies. Shortly afterwards the Bacton Interconnector was opened allowing cheap British North Sea Gas to flow to the Continent. Watch your supplies and warn your MP that you will not tolerate your family freezing to satisfy some non-legally binding EU fiddling designed to keep others warm at your expense. Britons have been paying an ultra-high price for their gas over the past year or so - that should at least offer security of supply.

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