Jonathan David Lamb

Oil & Gas Analyst, focused on emerging Europe & MENA, especially downstream and natural gas. Worked for two decades in Turkish downstream sector.

[Jonathan David Lamb @JonathanDLamb]

@DaleVince @wesstreeting Well then this is difficult to explain
https://t.co/LfUOHaywYU

[Jonathan David Lamb @JonathanDLamb]

@Ed_Miliband @EdwardJDavey @ZackPolanski
Producing more North Sea gas will not reduce prices right?

Take a look at this comparison between TTF (EU) and NBP (UK) gas prices.

When the price goes up due to an external shock, the discount we get in the UK increases

[Jonathan David Lamb @JonathanDLamb]

@AlanFoum @Ed_Miliband @EdwardJDavey @ZackPolanski The discounts in 2022 were more generous

[Jonathan David Lamb @JonathanDLamb]

@Ed_Miliband @EdwardJDavey @ZackPolanski
Producing more North Sea gas will not reduce prices right?

Take a look at this comparison between TTF (EU) and NBP (UK) gas prices.

When the price goes up due to an external shock, the discount we get in the UK increases

[Jonathan David Lamb @JonathanDLamb]

@AlanFoum @Ed_Miliband @EdwardJDavey @ZackPolanski Thank you

[Jonathan David Lamb @JonathanDLamb]

@brownliberite Completely due to very low interest rates. After they went up, the story changed.

[Jonathan David Lamb @JonathanDLamb]

@iainmartin1 @HousewifePolish Germany? Maybe

[Jonathan David Lamb @JonathanDLamb]

@ret_ward @mattwridley It will reduce the cost of gas in the UK though. We are aiming to save the world.

[Jonathan David Lamb @JonathanDLamb]

@GavinBarwell Notice you don't mention natural gas prices.

As for petrol prices, the increase in US crude oil, which is light and produces a lot of petrol has actually produced a gluten making prices cheaper than they otherwise would be.

[Jonathan David Lamb @JonathanDLamb]

@GavinBarwell True for oil but not for gas

However in the current crisis if we had more refineries and more oil, diesel and jet fuel would have been marginally cheaper.

[Jonathan David Lamb @JonathanDLamb]

@thinkdefence @AaronBastani It doesn't count if you need to import the crude oil to process

[Jonathan David Lamb @JonathanDLamb]

@Stocksnshares9 @ktibus @simonmaechling Yeah, all supported by subsidies.

The real jobs are in China making the critical equipment

[Jonathan David Lamb @JonathanDLamb]

@Stocksnshares9 @ktibus @simonmaechling Call yourself workers united and wish to make other workers unemployed?

I have the capacity to be wrong, but I do not lie.

Producing more of our own oil and gas will have zero impact on the climate and is good for the country.

[Jonathan David Lamb @JonathanDLamb]

@ktibus @Stocksnshares9 @simonmaechling I have never said such a thing.

I simply see lots of unsubstantiated claims about renewables by people who have no data or knowledge to back up those claims.

[Jonathan David Lamb @JonathanDLamb]

@ktibus @simonmaechling I profit from my knowledge of fossil (and other) energy.

I am able to analyse the data to tell you that in most cases, the rosy stories you are told are not true.

I don't know about the conditions down under but in the UK, renewables have made our energy much more expensive.

[Jonathan David Lamb @JonathanDLamb]

@ktibus @simonmaechling More expensive energy that is intermittent.

If there were no trade offs, then businesses would have already made the switch without extra taxes, regulations and subsidies.

[Jonathan David Lamb @JonathanDLamb]

@3wayboy @FraserNelson @grahamstuart "renewables are a no brainer for economic and energy security reasons"

Renewables are more expensive. Why has the price of power gone up as renewables grew?

CfD prices for windfarms are well above gas prices and solar in the UK is only useful to save gas in the summer

[Jonathan David Lamb @JonathanDLamb]

@3wayboy @FraserNelson @grahamstuart Climate change is a demand problem not a supply problem. There is no reason to stop our own production.

The UK has zero impact (less than 1% of emissions) why should we go bankrupt for the purpose of virtue signalling?

[Jonathan David Lamb @JonathanDLamb]

@ken_hobbs @FraserNelson If there is nothing left, why do we need to ban it?

More domestic gas would reduce prices and more domestic oil would reduce the current account deficit. Neither would have any impact on climate change.

We are destroying jobs and losing tax revenue for no purpose.

[Jonathan David Lamb @JonathanDLamb]

@TorstenBell You are needlessly sacrificing the jobs of numerous people for no actual reason

Producing more of our own hydrocarbons does not make us more dependent

You are taxing us to death, and throwing away extra tax revenues

More domestic gas WILL reduce prices, at least marginally

[Jonathan David Lamb @JonathanDLamb]

@Pompey_Andi @DanielJHannan I agree on nuclear, but for any commodity the marginal supply dictates the cost. Because gas is flexible, it is nearly always the marginal supply.