If only there was some way for Britain to produce its own reliable energy...
CITY AM (1/8/22) reports: "A wave of concern over the swelling cost of living is sweeping across Britain. While households are bracing for higher tax bills and are already being stung by food prices leaping, it is swelling energy costs that will hit hardest in 2022. The UK’s benchmark gas prices have quintupled since January 2021, leaping from £54 per therm to £245 per therm in December 2021. While tensions between Putin and the West might seem like distant political intrigue found in a tepid spy novel sold at an airport, the reality remains that domestic energy costs are beholden to European political stability. Britain imports a large proportion of its gas supplies from the Continent who, in turn, rely on Russia for around 35 percent of their own natural gas flows. When relations between Moscow and Brussels break down – just as they are now – the UK’s energy market often enters a period of volatility...But, its primary source of renewable energy is wind power, which is volatile at best. During an unseasonal windless winter it has underperformed significantly, leaving the UK increasingly reliant on gas exported from Europe. The energy market is highly inefficient due to the intrusion of government policy."
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"If renewables were cheaper than the status quo then the policies they advocate — no permitting of pipelines, restrictions on fracking, and subsidies for renewables — would not be necessary. Besides, mainstream energy experts and journalists today admit that weather-dependent renewables make electricity expensive."
– Michael Shellenberger, Substack
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