Without major changes to our way of life, net zero electricity rationing is inevitable.
Read More »In the absence of capital
After decades of de-industrialisation, Britain no longer has the capacity to build new energy infrastructure
Read More »Playing seesaw
Without oil the western economies couldn’t have condensed 150 years of economic growth into just two decades. Indeed, without the exponential growth in oil production such spectacular growth could never occur again.
Read More »A balancing act of sorts
Sunak embracing gas is evidence of a political class waking up to the impossibility of balancing energy cost, security, and environment.
Read More »Or, to put it another way
“Tamping down on demand” is an interesting way of describing what amounts to the irreversible deindustrialisation of the continent...
Read More »Let’s join the dots for them
Let us not forget that beyond hard-pressed bill-payers are thousands more who can no longer afford electricity at all
Read More »Breakdown
But by the end of 2018, all oil production was in decline. Even without the lockdowns, we would have had a recession...
Read More »Much ado
Despite economists predicting $200-per-barrel oil by 2010, what actually happened – and what has happened every time since – is that high oil prices caused a major economic shock
Read More »Blown out of the water
If super-efficient Germany can no longer sustain a wind turbine industry, Britain has zero chance of building its own.
Read More »If only we had an island – or two
When it comes to individual energy sources, economic complexity makes attempts to calculate EROI akin to medieval scholars attempting to determine how many angels can dance on the head of a pin.
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