Should governments ban new oil drilling, or is that idea ridiculous?

[robocop666]

If Saudi Arabia never drilled for oil they would be like africa. Banning drilling for oil is ridiculous.

[Just_Ken]

UK policyshifted toward stopping new exploration licenses to focus on a transition to renewable energy sources like wind and solar to meet Climate Commitments.

So basically the UK government was buying oil/gas from Norway or elsewhere so they can claim they are more green on paper. The UK government used to do this on recycling rubbish to claim to be more green so instead of more landfill rubbish dumps they just shipped it off to the 3rd world.

Its the hypocrisy and pretence that annoys people.

[NaultD]

Problem is opec has the largest and cheapest to get oil in the world. So any new drilling will get undermined by them by flooding the market and making new operations go under before they could get any profit.

Green technology is more in line with usa higher end manufacturing like airplane.

[robocop666]

so ban drilling for oil in the north sea then?

[NaultD]

It's too expensive compared to what the middle east can already pump. So it's not even banning but not throwing money in a bottomless hole.

[robocop666]

but north sea oil is light and sweet. it sells well on the market.

[NaultD]

Still got to build the rigs that will cost billions and once build they get fucked by undercut oil. The juice ain't worth the squeeze so to speak.

The middle east has the capability to pump enough oil to where they need to pay companies to take it away. They can sell gasoline domestically for.50 cents a gallon. So all these oil companies are artificially raising prices so they can make a profit so digging is ultimately a net negative in a rigged game.

[RavVid]

Quite stupid. It is arcane to claim brownie points for shutting down fossil fuel production but then just get it from elsewhere.

[Anonymous]

How are we gonna get our oil? Where are we supposed to drill?

[robocop666]

its fucking ridiculous I know. Creating jobs and paying YUGE taxes but you wanna ban all this and import your oil from Russia and Saudi Arabia instead. I dont get it.

[Opinion Owner]

Let’s let’s drill in the United States and in other countries

[robocop666]

good idea. Here in Ireland and our next door neighbour the UK will disallow it.

[888theGreat]

no , environment is overrated