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John Redwood: Our energy policy should start with keeping the lights on and the factories powered up

Posted On: 25 Oct 2021   |   Posted By: Conservative Home

Sir John Redwood is MP for Wokingham, and is a former Secretary of State for Wales.
We are living with a desperate shortage of energy. Successive governments and Ministers have ignored the need to ensure adequate supplies of electricity and primary fuels in their passion to close down and move out of coal, oil and gas as quickly as possible. Now we are caught up in a worldwide gas shortage, with fertiliser factories closed - and a Business Secretary summoning a meeting to ask what can be done to limit the spreading damage.
The Business Secretary knows enough economics to understand that, if gas is in short supply, the last thing that would help the UK procure more of it would be a series of price controls over those who dare to buy it on the world market and could sell it here.
We will not like it, but these now unruly global gas markets are controlled by Russia, the USA, and various Middle Eastern countries that have a surplus to export. They do not currently have a big enough surplus to need to take low...

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