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Mark Welch
Sky News
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Comments by "Mark Welch" (@markwelch3564) on "Government to expand North Sea oil drilling 'to boost British energy independence'" video.
But we are selling the licence. Once the licence is sold we buy the oil back at global market rate. No benefits for us ordinary folk
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@bhupindertube we see a bit of money from the licence, but we'd see even more if we kept it nationally owned. It's classic Tory short term profiteering for a long-term loss
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Once licences are sold we have to buy it back at global prices. This makes some tory chums richer, but does nothing for us
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It won't reduce prices, ever. If we've sold the licences to private interests we'll buy it back at the global rate 🙁
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