Petro Nationalism: Die Baby Die

For the avoidance of any doubt, in January 2025, a little over a year ago, the Court of Session in Edinburgh sided with campaigners and climate experts in ruling that the original decisions to permit Rosebank and Jackdaw were unlawful, as they had not taken into account the carbon emissions created by burning any oil and gas produced.
Tessa Khan, from the campaign group Uplift which has been at the forefront of the campaign to stop Rosebank, said at the time the court ruling was a significant milestone. “This … means that Rosebank cannot go ahead without accounting for its enormous climate harm,” she said.
At the time Philip Evans, from Greenpeace, which with Uplift challenged Rosebank and Jackdaw, described the judgment as “a historic win”.
“The age of governments approving new drilling sites by ignoring their climate impacts is over,” he said. “The courts have agreed with what climate campaigners have said all along: Rosebank and Jackdaw are unlawful, and their full climate impacts must now be properly considered.”
Campaigners had argued that there was no economic, energy security or climate rationale for drilling for more oil and gas in the North Sea.

The vast majority of any oil produced is sold on the international markets and so does not add to energy security for British consumers, and repeated statements from the International Energy Agency have said no new oil and gas exploration should take place if the world is to limit global heating to 1.5C above preindustrial temperatures.
Instead, trade unions and climate justice campaigners argue that the government should invest in renewable energy to meet climate goals, safeguard oil workers and their communities, and provide cheap, secure energy.
None of that has changed, despite the BBC’s disinformation. You can read the Court of Session’s ruling by Lord Ericht here:
Different Types of Denial
*
Despite the fact that it’s explained over and over again to the public to the media and to the politicians it feels like there’s now a (faintly suicidal) cosy consensus that we must drill for oil in the North Sea. This madness united the far-right in GB News, Nigel Farage and his Lord Offord, the remnants of Alba, and Kemi Badenoch. Maybe John Swinney and Ed Miliband too now.
*
So let’s go over it all again.
“Fossil fuels are not being shut down in favour of renewables on a whim, or even to protect the country from the sort of shocks foreign wars bring, but because we are at the height of a climate emergency that demands every country slash its greenhouse gas discharges. The UK is already struggling to meet a 2030 emissions reduction target of 68% compared with 1990 levels, and is off track to achieve net zero emissions in 2050. Any renaissance of homegrown fossil fuel usage would blow a hole through these already shaky ambitions.”
“Just because all eyes are turned to the Gulf doesn’t mean the climate breakdown has gone away. Far from it. The reality is that our predicament is getting worse, almost by the day. The first three months of the year have seen record-breaking heat across much of the US, which would have been all but impossible in the absence of global heating. Meanwhile, floods have devastated Hawaii, northern Australia, and the Gulf states of Oman and the UAE. In England and Wales, February this year was the warmest on record, following on from record winter rainfall in many parts.”
“The long and the short of it is that we are at a critical point in the climate emergency, and cannot afford to be distracted by ill-informed calls for more domestic oil and gas. We are on course to smash through the 1.5C dangerous climate change guardrail within the next three years. This coincides with the best estimate temperature at which key climate tipping points will be crossed, most notably the melting of the Greenland and West Antarctic ice sheets, which would ultimately mean a 10-metre sea-level rise.”
“While we continue to dither about the rights and wrongs of reopening the North Sea to further drilling, global heating shows no such tendency. The worst possible news was revealed in a Nature paper published just a week after the bombing of Iran started, which is that the rate of global heating has been supercharged since 2015, and is now almost double what it was in the 1970s. The current rate – of close to 0.35C a decade – means that without drastic action on emissions, we will see the 2C limit shattered as soon as the late 2030s, and no end in sight.”

North Sea Fantasies
*
But, to hell with the environment, and, er, the future, what about the argument that ‘opening up’ North Sea Oil would save us money and reduce bills?
*
What does the UK Energy Research Centre (UKERC) say? [Drilling for Oil and Gas Will not Reduce Bills or Deliver Energy Security. Here’s Why]:
*
“Spiking prices appear to favour home production. But the prices UK consumers pay for oil and gas are driven by international markets, regardless of whether it is extracted from the UK Continental Shelf or somewhere else. While oil and gas markets are different in significant ways, their available supply from the UK is small relative to overall market demand. Squeezing additional oil and gas production from the UK may be technically possible, but it will have negligible impact on the UK cost of living.”


Media and Political Failure
Left: Ed Miliband says more drilling will not cut energy bills
Right: Ed Miliband approves license for more drilling pic.twitter.com/B6MwCY6mvW
— Farrukh (@implausibleblog) April 3, 2026
The only way to strengthen Miliband’s resolve is to make him more fearful of the popular support for climate policy and survival, than he is of the threat from the far-right. Although Miliband appears to be today trying to ‘row back’ on some of this, both men are subject to extreme pressure from the far-right and the fossil-fuel compromised media, and exposed to extreme short-termism.
The other approaches to this are a) ground the argument in fact and b) demand the media reports the truth. Here, as Dr Jill Belch points out: “65 leading UK climate scientists warn against new oil & gas drilling in North Sea, urging the govt instead to prioritise renewable energy as a proven more cost-effective response to energy crisis.”
“As #climate scientists, we urge leaders to look to the cheaper proven solutions.”

That’s from the radical green media outlet, the, er, Financial Times.
But while facts and figures – reality – must be overlaid onto this whole wildly precarious scenario – so too must a better story about how we got here and where we go from here. Otherwise, our collective addiction to fossil fuels, on which Late-Capitalism depends, will end us all.

That quote from a Laurie MacFarlane is interesting:
“The only way new North Sea drilling cuts energy bills is if the UK:
Nationalises the rigs (yay, someone has finally said it)
Bans exports
Sells at cost price”
This will be the fate of all energy companies worldwide, if, a nation as a whole wants to carry on this freak show we call civilisation for a few years more – I don’t see any other way. But this clashes with the dominant religion, the free market, so how those in charge will square that circle I do not know.
Let us remember too, oil companies are private businesses. They only do what they do because they make a profit. And get the benefit of the $7 trillion subsidies they receive each year world wide. Even if these North Sea/Atlantic licenses are granted, the energy companies may bid on them to secure them in case a future technology comes along to make extraction possible, and to stop their rivals getting the licenses. But they will sit on them for n+1 years if the expected price from future sales does not exceed their investment.
We are looking at a $10 billion investment over 20 years to get 10 days worth of oil from far beneath the seabed in deep ocean. (or was it $20 billion over 10 years?). Like Hinckley Point C, unless a government guarantees a future price (ie part of that $7 trillion subsidy), the oil companies may not touch it.
This is what Trump has found with the Venezuelan oil – with a break even cost of $100 a barrel, the oil companies are not interested even in stolen but broken oil fields given to them for free. If I recall correctly a recent auction of oil licenses in Alaska produced no bidders. Basically, the remaining unexplored oil resources on the planet have too low an EROEI to be worth exploiting, if your aim is to make a profit.
If your aim however is to keep civilisation going, them setting up a national energy company, buying your own government licenses with your own money (read taxpayers) then spending more of that same money building rigs, drilling machines, echo locators, tankers, refineries, pipelines etc whilst the oil companies look on in amusement, to then extract oil that you then sell at a loss, well, that may work for a bit. But I bet your economy will collapse first.
These talking heads and malleable politicians are just bargaining, trying as hard as they can to protect existing privilege. Unfortunately for them physics doesn’t negotiate.
“These talking heads and malleable politicians are just bargaining, trying as hard as they can to protect existing privilege. Unfortunately for them physics doesn’t negotiate.”
100%
@Mark Bevis, although the international commodity market is certainly not a free market, and was a major tool of neocolonialism whereby the Global North forced down the prices of raw materials they bought from the Global South. Only cartels like OPEC were successful in challenging this global racket from the 1970s. https://en.wikipedia.org/wiki/OPEC
The decisions as to which trade goods were treated as commodities and which were not (the latter attracting premiums) were made by international bodies like the World Trade Organization. At least, this is what I remember being taught in North–South Relations in International Politics.
Capitalists tend to hate free markets and open competition. These may have advantages for consumers, even improve the quality of businesses, but they are bad for profits. Monopolies are ideal, especially if cheaply given away by states and neglectfully regulated. There may be a special providence in the fall of the price of oil, but the readiness to cheat is all.
We would not have had any problems with Oil if it was not for that DERANGED MENTAL RETARD TRUMP starting a war against Iran becuase that other DERANGED MENTAL RETARD NETANYAHU told him to do so, Iran has not started a Nuclear Programme as detailed by the CIA, but Trump dd not believe his own Security Services he believed what the DERANGED MENTAL RETATD NETANYAHU TOLD HIM, This was was started because Trump wanted Iran Oil, as he stated in an interview almost 40 years ago (see the link below) Now we are suffering high fuel prices, high energy prices are on the way, food prices are going to rise causing inflation, Intetrest rates will rise, everything anyone buys is going to be more expensive because of the large increase in fuel. Companies are going to start making people redundant, people will have less money to spend, that will cause a recession and things will be very difficult in the UK for the next two years or longer for all those that are on the minimum wage, pensioners, the disabled, the unemployed and the over 800.000 in Scotland stuck on NHS waiting lists waiting for treatment, all because of the two Deranged Mental Retards Trump and Netanyahu. And Netanyahu has an ICC International warrant out on him for war crimes in Gaza, and Trump is a convicted felon, Criminals running the US and Israel. The whole world is going to suffer because of these two DERANGED MENTAL RETARDS AND WARMONGERS.
Reads a wee bit like a post on Truth Social.
ITS THE CAPS!!!