And Badenoch and Farage both think that pumping more oil out of the NS onto the world wholesale markets will bring the price of Oil/Gas down…. and make the UK safe from these sorts of spikes whenever wars kick off.
errr….. well it would! Price is driven by demand and supply. As demand is fairly constant, supply is the main determining factor. With 20% of world oil passing through the Straights of Hormuz, which is currently closed, the price has risen. Increased supply from areas unaffected by war will reduce prices.