Comments by "Greg Greg" (@SlowhandGreg) on "Rishi Sunak defends expansion of North Sea oil and gas drilling" video.

@nighttrain1236 since when they've not payed taxes for years and the latest round of tax incentives runs into the 100 billion
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@joecater894 Its a world commodity market we don't own squat we sell it off with licences then give exploration tax breaks
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@bigboyshit1 what tax they've not paid any or years
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@joecater894 no they won't this is the Tories
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@joecater894 what would boost energy security is building another Dogger bank wind farm a mere 9 billion for 5% of uk domestic usage instead of pouring 100 billion + into oil companies coffers
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@joecater894 it will take over a decade before any of it comes onstream by that time we should have a minimum of 40-50% wind and 20% tidal running on the grid. Getting that capacity and enabling its deployment should be the no1 priority given we have an overreliance on gas generating electric sucking 170 billion out of people's pockets over the next 2 years
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@nighttrain1236 can't the grid is privately owned their aim is to make money for the shareholders not connect cheaper electricity
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@Grimeyhoob forward contract price of renewables is a 10th of Gas prices our market is tied to fossil spot price so the companies with renewable contracts are printing money with the behest of the government
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nothing
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@nighttrain1236 no its not you go look the budgets and OBR reports there getting billions to clean up their mess from the brent fields and billions in exploration waivers If you compare Norway to us they've extracted 500 billion more from similar quantities of oil even allowing for differences in tax base where 250 billion light in subsidies and write offs during the years
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@nighttrain1236 Cost of Dogger Bank Wind farm which can produce 5% of domestic electricity was 9 billion infrastructure cost in comparison Hinkley C costs 33 Billion is 2 years delayed and will have 30 billion in subsidies pumped into it over 35 years and can produce around 5% of Uk domestic electricity. cost per kwh the wind deployment is x4 times cheaper currently Hinkley contract guarantees purchase price + inflation obviously Dogger bank is built and will get get cheaper over time given wind is free
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@lloydnaylor6113 25 years there budgeted for and you're going to get maybe 5 more + once the infrastructure is built then replacement is a lot cheaper. Everything is recyclable even the blades they just need a big enough crusher then it can be used as crush for road & foundation building
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no we don't haven't done for years the latest round has around 100 billion in tax subsidies in them tax from oil is a 80/90's thing
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