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A major gas field in the UK could supply over 10% of the UK's energy, but that gas isn't destined for the grid.The plan instead is to extract it on site, burn it in a local power plant, and use that electricity to mine bitcoin. The energy will be consumed at the source, because that route is simpler and more profitable.Taxes, regulation and grid constraints all add friction. The gas could power homes. It isn't. Because burning it on site makes more money.That is a damning indictment of UK energy
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