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RT by @john4brexit: "Analysis reveals 80% of North Sea oil is exported"
Lots of bad takes off the back of this... 🙄
Most of the UK's oil exports are to the EU. The increased supply therefore lowers the common price across Europe, which benefits UK consumers and businesses too.
Some is also reimported to the UK once it has been refined.
Energy security in the UK and the rest of Europe is increased by relying less on supply from the rest of the world - especially Russia and OPEC.
North Sea production is also relatively environmentally friendly.
And the UK still gets the jobs and tax revenues - regardless of where the oil is sold.
🐦🔗: https://nitter.cz/julianHjessop/status/1748300869462823408#m
[2024-01-19 11:06 UTC]
