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Reading: UK should improve North Sea drilling to spice up financial system, says US ambassador | UK Information
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The Wall Street Publication > Blog > World > UK should improve North Sea drilling to spice up financial system, says US ambassador | UK Information
World

UK should improve North Sea drilling to spice up financial system, says US ambassador | UK Information

Editorial Board Published November 4, 2025
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UK should improve North Sea drilling to spice up financial system, says US ambassador | UK Information
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The US ambassador to the UK has stated Britain ought to perform “more drilling and more production” within the North Sea.

In his first broadcast interview within the job, Warren Stephens urged the UK to take advantage of its personal oil and fuel reserves to chop vitality prices and increase the financial system.

“Electricity costs are four times ours in the UK, versus the US,” he informed Mornings with Ridge and Frost.

“I need the UK financial system to be as sturdy because it probably might be, so the UK might be the perfect ally to the US that it probably might be.

“Having a growing economy is essential to that – and the electricity costs make it very difficult.”

Mr Stephens informed Wilfred Frost he hoped Britain would “examine the policies in the North Sea and frankly, make some changes to it that allows for more drilling and more production”.

“You’re using oil and gas, but you’re importing it. Why not use your own?” he requested.

Picture:Mr Stephens stated Britain ought to make extra of its personal oil and fuel

The ambassador stated he had held conferences with Sir Keir Starmer on the vitality challenge whereas US President Donald Trump was within the room, and that the prime minister was “absolutely” listening to the US view.

Vitality Secretary Ed Miliband has stated the UK needs to be prioritising internet zero by 2030 to restrict local weather change, fairly than issuing new oil and fuel drilling licences.

The Thistle Alpha platform, north of Shetland, stopped production in 2020 . Pic: Reuters/Petrofac

Picture:The Thistle Alpha platform, north of Shetland, stopped manufacturing in 2020 . Pic: Reuters/Petrofac

Nonetheless, the ambassador stated it will take “all energy for all countries to compete” sooner or later, given the large energy calls for of information centres and AI.

“I don’t think Ed Miliband is necessarily wrong,” stated Mr Stephens. “But I think it’s an incorrect policy to ignore your fossil fuel reserves, both in the North Sea and onshore.”

The ambassador hosted Mr Trump on the primary evening of his second UK state go to in September – a visit that was seen as a hit by either side.

Mr Stephens stated Mr Trump and Sir Keir had a “great relationship” and pointed to the historic ties between Britain and the US as a significant factor in June’s commerce deal and the beneficial tariff charge on the UK.

The ambassador said Sir Keir and President Trump have a 'great relationship'

Picture:The ambassador stated Sir Keir and President Trump have a ‘great relationship’

“I don’t suppose it’s coincidental that the tariff charges on the UK are typically a 3rd, or at worst half, of what a number of different nations are dealing with.

“I think the prime minister and his team did a great job of positioning the United Kingdom to be the first trade deal, but also the best one that’s been struck.”

Mr Stephens – who started his job in London in Could – additionally touched on the Ukraine warfare and stated Mr Trump’s endurance with Russia was “wearing thin”.

The Alaska summit between Mr Trump and Vladimir Putin failed to supply a breakthrough, and the US chief has admitted the Russian president could also be “playing” him so he can proceed the preventing.

Nonetheless, he emphasised the president’s name that different nations should cease shopping for Russian vitality to essentially tighten the screw.

‘The incorrect policy’ – That’s Trumpian diplomacy for you

“You’re using oil and gas, but you’re importing it. Why not use your own?”

It’s an inexpensive query for President Trump’s prime consultant right here within the UK – ambassador Warren Stephens – to ask, notably on condition that our unique interview was going down within the UK’s oil capital, Aberdeen.

The ambassador informed me that he and President Trump have repeatedly lobbied Prime Minister Starmer on the subject, and considerably strikingly stated the PM was “absolutely listening”, including: “I think there are certainly members of the government that are listening. And there is a little bit of movement to make some changes to the policy.”

Effectively, one member of the federal government who’s seemingly not listening, and occurs to be spending most of this week on the UN Local weather Change Convention in Brazil, is Vitality Secretary Ed Miliband.

“It’s going to take all energy for all countries to compete in the 21st century for AI and data centres,” the ambassador informed me. “And so, I don’t think Ed Miliband is necessarily wrong, but I think it’s an incorrect policy to ignore your fossil fuel reserves, both in the North Sea and onshore.”

Not mistaken, however the incorrect coverage. That’s Trumpian diplomacy for you.

His feedback on Russia, China and free speech had been additionally fascinating. On the latter, he stated that within the US somebody would possibly get “cancelled for saying something, but they’re not going to get arrested.”

“The president, has been, I would say, careful in ramping up pressure on Russia. But I think his patience is wearing out,” stated Mr Stephens.

“One of the problems is a lot of European countries still depend on Russian gas,” he added.

“We’re mindful of that. We understand that, but until we can really cut off their ability to sell oil and gas around the world, they’re going to have money and Putin seems intent on continuing the war.”

The ambassador additionally struck a cautious however hopeful tone on future US and UK relations with China.

It comes after Mr Trump stated his assembly this week with President Xi Jinping was a “12/10”, elevating hopes the commerce warfare between the superpowers may very well be simmering down.

China’s big financial system is simply too massive to disregard – nevertheless it stays a significant spy risk; the pinnacle of MI5 warned final month of a rise in “state threat activity” from Beijing (in addition to Russia and Iran).

Mr Stephens praised the nation’s financial system and stated it will be “terrific” if China may sooner or later be thought-about a accomplice.

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1:50

Trump-Xi assembly: Three key takeaways

However he warned “impatient” China is ruthlessly centered on itself solely, and want to see the US and the West weakened.

“There’s certainly things we want to be able to do with China,” added the ambassador.

“And I know the UK wants to do things with China. The United States does, too – and we should. But I think we always need to keep in the back of our mind that China does not have our interests at heart.”

TAGGED:ambassadorBoostdrillingEconomyincreaseNewsNorthSea
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