Over the last few weeks and months we have seen an energy policy at Tipping Point. That oft loved phrase of the political activists(WWF and FoE), Tony Blair and even Prince Charles. It would seem that due to the prevarication of Davey, Cameron and Clegg we may now have passed the point of no return. Basically UK plc and the man on the Clapham Omnibus is screwed. We have missed a marvellous opportunity to explore the Shale Gas bonanza, delayed for two years by the DECC and Ed Davey, and to keep open coal stations
and benefit from the cheap US coal that has come on the market due to their 30% drop in energy costs due to Shale Gas. And we are behind the market with the build of new Nuclear due to uncertainty in the market and the unbalance of costs caused by the subsidies to onshore and offshore wind. I note yesterday that while wind was performing marginally better, hydro had been cut back. Coal, gas and nuclear were at their normal levels. Put bluntly, the whole of the UK Wind Fleet was doing bugger all for UK energy, save costing us all a bomb, and FA for CO² saving. Because we have no UK Nuclear Industry(we sold Westinghouse to the Japanese) we are entirely reliant on foreign suppliers, as we are of course with Wind. Two problems: a. with our situation as it is, such as EDF and Mitsubishi will bleed us till the pips squeak and b. we are going to end up underwriting their investment and, on previous experience, the large profits that they will undoubtedly make won’t see a UK tax bill. A very frank report from Mr. Delingpole including a letter to Ed Davey from UKIP’s Roger Helmer makes very uncomfortable reading not because it is from Euro-sceptic UKIP, which always makes many people slightly uneasy, but because it is absolutely on the nail. Read here. One might question who the Conservatives in Westminster now represent. It is certainly not the rural faithful who put them where they are. More like the Notting Hill set, until they vote for Ed Millibean next time around. Not very reliable that lot. Too much booze and sniffing white powder and too much education to be reliable.