The UK government has announced a plan to ban new oil and gas exploration in the North Sea, a move that drew sharp criticism from Scotland’s First Minister John Swinney, who described the policy as incoherent.
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Nothing says “energy security” like banning the one domestic supply we have and then importing the same gas from Norway at three times the price. Ministers call it a transition. My gas bill calls it a hostage situation. Meanwhile Swinney gets to say “incoherent” and everyone nods, because the policy really is a masterpiece of having it both ways: keep the pumps running for a decade, but make sure nobody drills a new hole.
