Trump Calls On The UK To Open Up The North Sea And Get Rid Of Wind Farms
By Tyler Durden Authored by Tsvetana Paraskova via OilPrice.com, U.S. President-elect Donald Trump has called for opening up the UK North Sea to oil and gas and getting rid of windmills, in response to the recent announcement by Texas-based Apache that it would cease oil and gas production in the region due to the uneconomical windfall tax. “The U.K. is making a very big mistake. Open up the North Sea. Get rid of Windmills!” President-elect Trump posted late on Thursday on social media platform Truth Social. Trump attached an article about Apache’s recent announcement that it would exit the UK North Sea. In November 2024, U.S. oil producer Apache said that it plans to cease oil production at its assets in the UK North Sea by 2030, due to the windfall tax on operators. Apache’s parent company APA Corporation said in an SEC filing that its assessment of the impact of the windfall tax, officially known as the Energy Profits Levy (EPL), resulted...