26 Mar '12, 3pm

UK oil production fell 22.7% last year, but why isn't that in the news? Our 'new and increasingly difficult “normal”'

UK oil production fell 22.7% last year, but why isn't that in the news? Our 'new and increasingly difficult “normal”'

This article was inspired by the disjuncture between a UK government document which reveals the stunning decline in UK oil production, as opposed to British media inattention to this worrisome development. The website of Department of Energy and Climate Change (DECC) states , “Total indigenous UK production of crude oil and NGLs in the third quarter of 2011 was 22.7 per cent lower than a year…. For the first time since quarterly records began, imports of crude oil exceeded indigenous production” (p. 20). For any modern nation, a 22% decline in oil production would be significant over the course of a decade. A 22% drop over a mere 12 months ought to be front-page news, yet this radical decline has passed relatively unnoticed. An article in yesterday’s Telegraph examined the acute pain at the pump as “forecourt prices reached record heights.” The article points out that thes...

Full article: http://www.energybulletin.net/stories/2012-03-26/uk-oil-p...

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