Fracking back Anti-fracking campaigners like to flatter themselves by claiming that it was their protests which finally brought UK fracking to an end. The reality though, is that the price at which UK shale gas might be recovered was far higher than the prevailing price of gas from the North …
Read More »The hidden recession of 2020
After 20 months of economy-wrecking lockdowns and restrictions, 2019 is fondly remembered as a period of prosperous calm. Memories though, are deceptive. And in the days before we learned what gain-of-function meant, things were not as rosy as they now seem. Although the decade 2009-2019 was officially one of the …
Read More »In Brief: Supply crisis illustrated, Economic downturn ahead, Tory splits, What if…
Supply crisis illustrated When you have spent three decades creating hyper-efficient, just-in-time supply chains, you mess with them at your peril. This is because they are also hyper-fragile, so that when backlogs occur, the result is a systemic failure rather than a single short-term blockage. Not only do you have …
Read More »In Brief: Cambo crunch, Blue wall blues, Economic headwinds, And then all the chairs were facing backward
Cambo crunch Shell’s decision to pull out of the project to drill the Cambo oil field has ramifications that the establishment media refuses even to acknowledge. The fact that Big Oil was even prepared to consider opening up Cambo is a measure of how desperate things have become. The field …
Read More »Just don’t say you didn’t know
The arrival of the Omicron variant, just weeks before Christmas, has caused a large part of the establishment media and the neoliberal elite to salivate at the prospect of more lockdowns. This despite early evidence that the variant is mild even though it appears even more transmissible than the Delta …
Read More »In Brief: depression overload, mitigation (2), more safety traded for peace of mind, nationalisation in all but name
Untreatable depression Mental health has been a tacitly accepted casualty of the pandemic restrictions and lockdowns. In addition to the anxiety in response to the virus itself, the threat to people’s livelihoods and the prolonged periods of social isolation – including the “social distancing” in previously intimate gatherings – have …
Read More »Hogwash
In the early 1980s, to Margaret Thatcher’s annoyance, union reps and managers at the steelworks in Port Talbot agreed a strategy to save the plant. As a result, Port Talbot was spared the post-industrial blight visited upon most of Britain’s ex-industrial towns. Now in private hands, and despite periodic crises, …
Read More »In Brief: Behind the job figures, Blind faith
Not quite so rosy The establishment media has portrayed the latest UK job figures in gushing terms. And in fairness, things might have been a lot worse. Nevertheless, the Office for National Statistics offers several caveats not reported in the mainstream. Such as: “It is possible that those made redundant …
Read More »In Brief: Cash behind the sofa, Tory sleaze, Inevitable outcome, the cost of mitigation
In circulation in name only People have been hoarding mountains of cash; or at least, that is what the media told us back in July. The story was superficially plausible. Pandemic restrictions had prevented people from spending. And those businesses which dealt in cash could not access a bank branch …
Read More »On health and shipping
It is mid-November, the autumn has been unusually mild, and the NHS has just declared its first crisis of the 2021-22 winter season. Across the UK, emergency ambulance services are failing because ambulances which should be on station waiting to respond to emergencies like heart attacks, strokes and road traffic …
Read More »