No BBC, there is no “international gas price” – and yes, drilling in the North Sea would give the UK gas security

 There is no single “international gas price” as BBC journalist Fiona Bruce claimed. This is not the only dubious claim she made. She also claimed that UK natural gas would be “sold on the international markets” to “somewhere else” and so drilling in the North Sea wouldn’t make the UK more energy secure. Bruce is wrong on both accounts.

Currently, UK gas production is about half of UK gas consumption. The UK can increase its gas security by exploiting North Sea gas. North Sea gas is sold to the highest bidder with a pipeline connection, which is currently the UK. “The North Sea will always be our most secure supply,” Catherine McBride writes.

It makes economic sense, too. Drillers in the North Sea pay 40% tax on their profits. Drilling for North Sea gas would benefit the UK, as it would reduce reliance on imported gas, create jobs and generate tax revenue....<<<Read More>>>...