Monday, July 13, 2009

UK facing 'energy crunch' as North Sea oil and gas cash dries up

Not my headline but one from an Article with same title by Rowena Mason in the Daily Telegraph on Wednesday the 8th Jul 2009, which can be viewed here:
UK facing 'energy crunch' as North Sea oil and gas cash dries up.

I found this article both interesting (and recommend that visitors take the time to read it) and at the same time ironic as Mark Jago's article in this blog on the 5th January 2009 covered this in some detail:
Banks Risk Scottish North Sea Oil industry and Britain's Energy Future
Mark's article despite being six months old remains as valid as when it was written.

Included with Rowena Mason's article, but separate from it, is a Telegraph TV item with Robert Miller interviewing Liam Hallingan Chief Economist at Prosperity Capital Management and writer of the Economics Agenda Column is the Sunday Telegraph. Whilst this takes a broader view of the Global Situation the Video (republished below) is well worth watching!

The Idle Man





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