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If the UK insisted on purchasing gas at a lower price then companies would just export the gas instead of selling it domestically. The mistake was selling off
by lozenge 4y ago
If the UK insisted on purchasing gas at a lower price then companies would just export the gas instead of selling it domestically.
The mistake was selling off the rights of fossil fuels to private companies in the first place.
- LatteLazy 4y agoI believe OPs point is we could just ban Export of gas. This will fail for a few reasons: * We import 101 other things from the EU (from food to medicine to electricity), if we bad export of energy, they will stop exporting those in retaliation. * We're not that independent, we might be close right now (because it's the height of summer) but we desperately need Norway and Belgium's gas come the autumn * Energy is a raw material in basically every manufactured product (this is why the US usually refuses to export natural gas). What this means is, if you cannot export energy as gas, you end up just using it to make manufactured products and exporting those instead. So rather than cutting domestic bills, you just end up giving a huge subsidy to energy intensive industries (like steel and aluminium production). Maybe you want to do that (the US explicitly prefers manufacturing jobs to energy production jobs). But it won't actually cut prices, it will just move jobs from outside the export ban to inside it...