Is UK oil output running on empty?

How much will you pay for fuel?

This is a question people often ask themselves. How much will it cost to fill my car? How much will it cost to heat my home?

But are there more hidden costs to the British citizen other than just the cash they hand over to oil companies, gas providers and electricity generators?

..The rate of decline has ranged from 6% to 17%, year-on-year.

Experts say this is not surprising.

“It is because the way offshore fields are developed, [which is] all in one go and produced as fast as possible, for economic reasons,” says Dr Michael Smith, head of research analysts EnergyFiles.

“When they start to decline, they do so fairly rapidly. All these big fields came on stream roughly at the same time so they have all tended to reach their maximum at the same time, then combining to decline.”

BBC