UK 'failed to save gas reserves'

[4dsc]

There will come a day, sooner than later, when oil producing countries will save THEIR oil and not export it!! I wonder when that day will come..

http://news.bbc.co.uk/2/hi/programmes/panorama/6113218.stm

Soaring gas prices in Britain are a symptom of the country's failure to spend its historic North Sea windfall wisely, experts have told Panorama.

Long-term this could mean higher prices for consumers, loss of jobs and even a threat to national energy security, senior industry figures have said.

Some experts believe the industry failed to plan for the current steep fall-off in domestic supplies.

They warn the UK will have to learn how to play power politics with energy.

"When North Sea gas was discovered there were a number of people in Britain who argued that at least a portion of the North Sea gas should be saved, as a national strategic reserve for the future in case Britain had a serious gas supply problem like it did last winter" said Paul Domjan who is a former energy security adviser to the US defence department.

"Sadly none of those people were listened to."

[phantom power]

1. I have a feeling it will be in South America first.

Something about the recent moves toward nationalizing their oil industries, the resurgence of "leftist" governments, etc. The other question that immediately follows is, will we attempt to invade them?