• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

Shell Eyes North Sea Oil And Gas Drilling As Crude Hits $118 A Barrel

by Martin Robinson
March 23, 2022, 10:10 AM
in News and Opinion
Reading Time: 4 mins read
A A
1

cambro north sea protestShell is said to be reconsidering its decision to pull out of a proposed oil field off the coast of Scotland as Britain tries to shore up its energy security while Putin’s invasion of Ukraine sends fuel prices soaring and experts warned that the UK cost of living crisis ‘hasn’t arrived yet’ because inflation has higher to go. [bold, links added]

Work on the proposed Cambo oilfield development off the west coast of Shetland was paused in December after the energy company decided to withdraw from the project, concluding the economic case for investment was ‘not strong enough’.

Shell made the decision last year to withdraw when the price of crude oil was under $70 a barrel. Russia’s attack on Ukraine and the chaos that has followed means that that price hit $130 earlier this month and is currently at $118.

Figures from data firm Experian Catalist show the average price of a liter of fuel at UK forecourts on Sunday was 167p for petrol and 179p for diesel. This is an increase of 18p for petrol and 26p for diesel over the past month.

Over the weekend Boris Johnson issued a passionate defense of his plans to drill for more oil and gas in British waters off Scotland, insisting it will not undermine the fight against climate change and his net-zero credentials.

 In November, Scotland’s First Minister Nicola Sturgeon said the Cambo project should not go ahead.

Today sources have told the BBC that although Shell’s official position remains the same, it did acknowledge the ‘economic, political and regulatory environment had changed enormously‘ in the three months since Shell announced it was pulling out of the project.

Environmental groups have long opposed the proposed field, warning it would jeopardize hundreds of species in the ocean.

Shell pulled out last December following months of pressure from opposition parties and campaigners for the Scottish Government to make its position on Cambo clear.

But industry body Oil and Gas UK previously said blocking long-planned energy projects like Cambo would risk leaving the UK at the mercy of global energy shortages. 

It came as former Sainsbury’s boss Justin King today warned the cost of living crisis is ‘yet to arrive’ and predicts the real pain will begin next month, adding: ‘The rise in energy bills will hit people hard, closely followed by the rise in National Insurance’.

Oil prices have reached $118-a-barrel today – just six days after it was under $100. A week before that it peaked at close to $130 after Russia invaded Ukraine.

Adding to the pressure on prices, Saudi Arabia warned that Yemeni rebel attacks on its oil facilities pose a ‘direct threat’ to global supplies after Red Sea facilities belonging to giant Saudi Aramco were targeted.

The surge in oil prices has been a driver of turmoil on world markets in recent weeks as demand surges owing to economic reopenings just as supplies are strained.

That, along with a spike in the cost of other key commodities, such as metals and wheat, caused by the war, has sent inflation rocketing and caused a headache for central banks already trying to wind down pandemic-era monetary policies.

‘It seems energy traders are growing more confident that supply shortages are just around the corner,’ warned OANDA’s Edward Moya.

‘China’s decision to avoid broad lockdowns is also helping oil prices as the short-term crude demand hit should be temporary. The oil rollercoaster ride remains a geopolitical trade and right now it seems the risks are growing and that could push crude prices higher.’

There is a growing fear that the global economy could endure a period of stagflation in which prices soar but growth stalls.

Rishi Sunak is poised to deliver a last-minute cut to fuel duty this week amid warnings it will be ‘too little’ to head off a devastating cost of living crisis.

The Chancellor, who had originally hoped to avoid major spending measures in Wednesday’s mini-Budget, is now considering a temporary cut in fuel duty of up to 5p per liter in the wake of the Ukraine crisis.

Mr. Sunak hinted at the move yesterday, saying he was determined the cost of filling up a car should not become ‘prohibitively expensive’.

Speaking ahead of Wednesday’s ‘spring statement’ on the economy, the Chancellor said he would ‘stand by’ hard-pressed families, but warned he could not fully offset the impact of soaring prices.

Read rest at Daily Mail

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…

Popular Posts

Electric Vehicles (EVs)

The ‘Green’ Scam Of The Century: How ‘Renewables’ Increase Fossil Fuel Demands

Oct 23, 2024
News and Opinion

Antarctica Is Colder, Icier Today Than At Any Time In 5,000 Years

Apr 15, 2024
Energy

30-Plus Signs That The Climate Scam Is Collapsing

Apr 09, 2025

Comments 1

  1. Spurwing Plover says:
    4 years ago

    Just a few years a go some Eco-Wackos held protests against Shell Oil in Plastic Kayaks i have seen films of Greenpeace protests in Plastic Hard Hats then using Paint(Which comes from Fossil Fuels)on their Cardboard Signs

    Reply

Comments are welcome! Those that add no discussion value may be removed.Cancel reply

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • oil rig drillAmerica’s Energy Boom Exposes The Folly Of Britain’s Net Zero Disaster
    Oct 3, 2025
    America’s energy boom and policy flexibility are widening the economic gap with Britain, where high prices and net zero goals are stalling growth. […]
  • Arctic sunsetNew Study Shows Arctic Sea Ice Decline Slowing, Driven More by Natural Variability Than Emissions
    Oct 3, 2025
    New study shows Arctic sea ice decline has slowed since 2012, driven more by natural variability than greenhouse gas emissions. […]
  • Attorney General Rob BontaNewsom Backs Off Climate Fight As AG Bonta Doubles Down On Suing Energy Firms
    Oct 3, 2025
    Two years after launching a high-profile climate lawsuit, Newsom is backing off while AG Rob Bonta doubles down on lawfare against major energy firms. […]
  • Farm irrigationMeteorologist Debunks Reuters’ Claim That Climate Change Threatens Europe’s Resources
    Oct 2, 2025
    Data show Europe’s droughts, weather, and biodiversity issues stem from mismanagement, not climate change, despite alarmist media claims. […]
  • Russ VoughtTrump Nixes $8B In ‘Green New Scam Funding’ In NYC, Blue States
    Oct 2, 2025
    Trump DOE halted billions in green energy projects citing poor economics, DEI hiring, and weak energy impact, sparking backlash in blue states. […]
  • SherrillRising Energy Costs And Dem Green Policies Top Of Mind In NJ Gubernatorial Race
    Oct 2, 2025
    New Jersey voters face rising energy costs as Democratic green policies and offshore wind expansion drive utility bills higher. […]
  • Hochul's green stringsHochul’s Election-Year ‘Inflation Refund’ Checks Can’t Cover Costs Of Her Green Agenda
    Oct 2, 2025
    Hochul’s election-year ‘inflation refund’ checks won’t offset the soaring living costs and utility hikes her green-energy agenda created. […]
  • South Asia monsoonSouth Asia Monsoons Not Becoming More Dangerous From Climate Change, Data Confirms
    Oct 1, 2025
    Claims that climate change is making South Asia’s monsoons more extreme ignore history, data, and other major causes of flooding. […]
  • wildfire carsRick Scott Wants Answers On What California Did With Federal Wildfire Funds
    Oct 1, 2025
    Sen. Rick Scott is demanding answers on how California spent federal money earmarked for preventing and fighting wildfires. […]
  • Biden test driving an all-electric Ford F-150.Ford CEO Warns U.S. EV Sales Could Halve After Federal Subsidies End
    Oct 1, 2025
    Ford warns U.S. electric vehicle sales could drop as much as 5% after the $7,500 taxpayer-funded federal subsidies expire in a month. […]

Get Instant Email Notifications

Subscribe to receive a digest of daily stories, or get emailed once they're published. Check your Junk/Spam folder for a verification email.

Submit a tip

Please enter your email, so we know you're human.

Books You May Like

very convenient warming

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch

Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky
Share via
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky