Thursday, 9 June 2011

UK running out of oil and gas, WikiLeaks reveals

The United Kingdom could be forced to rely on overseas countries for more than two thirds of its oil and gas supplies due to a "severe" decline in energy production in the North Sea, US diplomatic cables obtained by WikiLeaks have revealed.

Cables seen by The Scotsman reveal that Britain''s gas and oil reserves are declining by eight per cent a year, and that the country will import 60 to 80 per cent of its oil and gas supply within less than ten years.

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