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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (45507)	1/4/2014 11:34:25 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 86356

That's what happens when you go from being an energy export to an importer. OverviewThe United Kingdom is the largest producer of oil and the second-largest producer of natural gas in the European Union. Following years of exports of both fuels, the UK became a net importer of natural gas and crude oil in 2004 and 2005, respectively. eia.gov Cost of energy imports to UK trade balance by Euan Mearns, originally published by The Oil Drum: Europe \| Oct 21, 2010 Over the years I have drawn attention to concerns about the impact that peak oil (1999) and gas (2000) in the UK North Sea would have on UK trade balance. In the space of a decade, the UK has gone from oil and gas exporter to importer. In articles such as UK Energy Security (July 2007) and A State of Emergency (June 2008) I speculated about the financial cost and in today's article I put real numbers on the cost of UK energy imports. resilience.org