I’ve often wondered whether the band on the Titanic really played-on bravely even as they approached their watery fate, or more likely that they were suffering from what psychologists refer to as denial.  That is, faced with growing evidence of their own, imminent icy end, might they have unconsciously grasped …

There is a deep irony that Europe’s wind turbine factories were among the first to close in the face of our growing energy crisis.  Nevertheless, it goes a long way to demonstrating the fundamental flaw in the net zero project – while the harvested energy of the wind may be …

Cost-push prices While the rate of inflation dipped slightly in the USA last month – probably due to Biden squandering the country’s emergency oil reserves – no such relief was in sight here in the UK.  And with inflation still rising, there is little sign of the Bank of England …

Eighteen months ago, the UK average annual combined gas and electricity bill was £1,287.  Later this week, we expect to learn that it will rise to £3,582 in October and to £4,266 in January 2023.  Not, in reality, that anybody is going to pay that amount.  All but those at …

If I were to suggest that we do not have an energy crisis, you would no doubt wonder exactly what type of mushrooms I’d put in my risotto.  Nevertheless, please bear with me for a moment while I explain.  While it is certainly true that the UK (and Europe) is …

To bring J.K. Galbraith up to date, we might say that “the modern neoliberal is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.”  So it is that we have begun to see what I call “the downward …

For an insight into how the Green Industrial Complex operates, you need only look at the difference between the latest government guidance to the water industry regulator and the manner in which the regulator and the industry have been treated by the media in the last few days.  Nicholas Hellen …

What, then, are we to make of the Bank of England following the US Federal Reserve in raising interest rates by 0.5 percent?  If Bank of England Governor, Andrew Bailey is to be believed – and there is good reason not to believe him, the central bank is merely following …

Britain is approaching the final stage in its energy death spiral.  A combination of increasing delivery costs and lower real-terms incomes has been accelerated by greater degrees by Brexit, two years of lockdowns and the severance of imports of oil and gas from Russia.  At the same time, the previously …

It was surely a stroke of spectacular good fortune that no sooner had the Biden administration altered the internationally accepted definition of a recession (as two quarters of negative GDP) than data was released which – under the old definition – meant that the US economy would have been in …