BISHOP HILL BLOG
David Miliband Touts Shale Revolution
Date: 31/12/12 Andrew Montford
David Miliband, the Labour party’s king in exile, has been given space in the Mail on Sunday (of all places) to take a look at the year ahead. He had some somewhat surprising things to say:
“And if [the government] need inspiration they should look to the good news story of 2013: the recovery of our old ally, the U.S. It is a very lucky country. Just when you think the price of oil is too high to sustain their standard of living, shale gas promises an energy boom. We’re not just talking cheaper prices; suddenly the U.S. is set to become the world’s largest energy exporter.”
Strangely, he doesn’t even mention the possibility of a similar shale boom in the UK, but reading between the lines this is surely what he means. I sense a big change in the offing.
This doesn’t mean that the insanity of wind farms will stop of course. The big three political parties are wedded to the idea of expensive sops to green sentiment and will willingly squander billions to that end….
Takes a while – like turning around a supertanker!!
POSTSCRIPT Why are all the pollies jumping on the new cheap energy bandwagon? Simple, having got the punter adjusted to outrageous energy bills, they can tax the sh*t out of the cheap oil and gas when it comes along AND claim credit for reducing everyone’s energy bills at the same time!