Tremendous oil. And I was with the Prime Minister, I respect and like a lot. And I said, you're sitting with the greatest asset. They [the UK] essentially closed [the North Sea oil] by making it so highly taxed that no developer, no oil company can go there. They have tremendous oil left, and more importantly, they have tremendous oil that hasn't even been found yet. And what a tremendous asset for the United Kingdom. (05:52–38:54)
CLAIM
Asserts that high taxes have effectively closed North Sea oil development.
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