CapXNew drilling licenses could be too little too late for the North Sea - CapX
- Bias Rating
98% Very Conservative
- Reliability
35% ReliableFair
- Policy Leaning
6% Center
- Politician Portrayal
2% Positive
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The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
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- Conservative
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Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
Bias Meter
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Contributing sentiments towards policy:
55% : In those circumstances, the best that North Sea operators can probably hope for is to be used as a piggybank for the funding of green boondoggles - even if Labour's proposed response to the subsidies and protectionism of Biden's Inflation Reduction Act (IRA) has now been substantially watered down.51% : Nevertheless, with the EPL in the mix, the headline rate of tax being paid by oil and gas companies on their North Sea operations is now a whopping 75%.
50% : If you're a major international oil company (IOC) in the offshore business, why invest in marginal North Sea fields and pay eye-watering rates of tax when there are far more lucrative opportunities out there?
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.