economy
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
Trump's comments come at a time when the U.K. government has said the Iran war energy shock shows the need “to get off the fossil fuel rollercoaster.”
TL;DR
- Donald Trump criticizes the UK's ban on new North Sea oil and gas licenses, calling it 'tragic' and urging them to 'DRILL, BABY, DRILL!!!'.
- Trump suggests the UK should exploit its North Sea oil resources and stop using windmills, noting Norway profits by selling North Sea oil to the UK at a higher price.
- The comments are made amidst uncertainty over crude supply from the Middle East and a global energy shock described as the 'most severe oil supply shock in history'.
- The UK government spokesperson stated the crisis highlights the need for the UK to move away from fossil fuels towards clean power.
- The UK's Department for Energy Security and Net Zero mentioned actions taken to tackle the cost of living, including reducing average energy bills.
- Some UK opposition parties and a leading union have called for increased North Sea oil and gas production to cut fuel bills and improve energy security.
- Energy experts express doubt that new North Sea licenses can bolster domestic energy security, citing the basin's long-term decline.