Nigel Lawson: Let's Get Fracking
"But the malign effect of the Energy Bill, if enacted and implemented in its present form, will be to lock us into binding long-term contracts for high-cost nuclear and (even more) renewable energy, leaving little or no space for much cheaper shale gas.
This is the energy policy promoted by our Liberal Democrat Energy Secretary. Fortunately, we also have a Conservative energy policy. George Osborne is to be warmly commended for having come out strongly in favour of the fastest practicable development of our shale reserves, and has been unequivocally backed by David Cameron.
This is good news. But it makes no sense for the UK to have two separate and conflicting energy policies at the same time. It is quite clear which we must choose, and which we must junk - the sooner the better."
It looks like the Tories are about to dump the full blame for the crazy and suicidal Energy Bill currently going through parliament on to the Liberal Democrats.
I still remain in the Liberal Democrats just (because the energy bill hasn't passed yet), but I see Ed Davey and Nick Clegg as politically naive for not having seen this turn of events coming....
To make things worse there will soon be a series of votes in the House of Lords to decide between "killing the bill"
by demanding what the electricity sector can't deliver without blackouts and souring prices of electricity (Liberal Democrat peers demanding a 2030 decarbonisation target for the electricity sector) and "saving the bill"
by demanding what the electricity sector can't deliver without blackouts and souring prices of electricity (senior coalition figures are proposing a compromise involving tougher restrictions on carbon dioxide emissions from old coal-fired power stations.)
Instead of playing Russian roulette with one barrel loaded (to decide whether or not the UK commits economic suicide), in the House of Lords they spin the barrel with all barrels loaded.
So as Nigel Lawson implies, if the decision to frack or not to frack, becomes a choice between this nation surviving economically in the medium term or going down the tubes, we don't really have a choice.