Oil Shortage Scenario is Starting to Surface

The warning signs are flashing brighter than ever. What began as a major supply disruption in the Middle East has rapidly evolved into a tightening global oil market where inventories are being drawn down at a record pace — and critically, not all of those barrels are actually accessible. A new analysis from Oilprice.com highlights […]

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UK Moves to Ban New North Sea Oil and Gas Licenses Permanently – UK Deindustrialization and further fiscal failure on the horizen

The UK government has confirmed it will introduce legislation to permanently ban new North Sea oil and gas exploration licenses, embedding Energy Secretary Ed Miliband’s existing moratorium into law through the Energy Independence Bill. The move, announced in the King’s Speech on 13 May 2026, fulfills a core Labour Party manifesto pledge to position Britain […]

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Norway to Reopen Gas Fields That Were Shutdown

Oslo, Norway – In a significant move to bolster European energy security, Norway’s Ministry of Energy has approved the reopening of three long-idle North Sea gas fields that were shut down in 1998. The fields—Albuskjell, Vest Ekofisk, and Tommeliten Gamma—are located less than 10 km west of the giant Ekofisk complex and will resume production […]

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Ed Miliband Fights Releasing Document Showing Net Zero Will Raise Bills, Benefit Wind Giants

UK Energy Secretary Ed Miliband is under fire for blocking the release of a key government document that critics say would expose how Labour’s net zero policies are set to drive up household electricity bills while protecting profits for offshore wind developers. The controversy centers on Miliband’s decision last year to scrap proposals for zonal (or […]

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