It's fun watching the right wing try to square this circle. Especially in the UK where we import most of our fossil fuels.
We could have sovereign control over our energy supply with renewables and electrification. Yay, we become a great sovereign nation free to do whatever we want with our great British energy supply!
But no, the right wing answer is to develop a couple of gas fields in the north sea that would supply a tiny amount of actual energy requirements, and do nothing for prices as it all goes into a global trading platform.
I know the reason, it's hard to say no to all that money from the fossil industry, and walk back decades of indoctrinating your base at their behest. Even if it means making your country energy independent...
It's really sad comparing the UK with Norway. The latter did "drill baby drill" before it was cool, but almost exclusively for exports. Some of that money has been invested in rapid electrification - so that Norway can export even more!
Meanwhile, the left in the UK doesn't want to drill (so less money for electrification) while the right in the UK doesn't want to electrify (so less money due to more imports). Why doesn't anyone want to copy the Norwegian model?
- Norway had and still has a lot more oil in their part of the North Sea than the UK does
- Norway has a vastly smaller population than the UK; more than ten times smaller (5.6m versus 69m). Each Norwegian gets 10x more money coming in than they would as UK citizens, just from demographics.
- Norway gambled by having the state directly invest in drilling (Statoil), while UK governments (both Labour in the 1960s and Conservative in the 1970s) refused to invest public money in drilling. Instead they let commercial companies find the money, the government merely licensed and taxed. The reason they did this was that Britain didn't have enough capital available to fund drilling at the time oil was discovered; it was the "sick man of Europe"
- Norway put its oil money into a state pension fund which continues to pay dividends today. Margaret Thatcher spent the oil money on rejuvenating the London Docklands, which admittedly did improve London's standing as the centre of global finance, which is what currently brings in most money for the UK. Perhaps if she didn't do that then financial companies might have moved elsewhere, we don't know that for sure. What we do know is she didn't spend it rejuvenating anywhere else in the country, like Scotland, Wales and Northern England after she shut the coal mines and steel mills and bought in foreign coal and steel.
My point is that there's no party in the UK that wants to drill as much as possible as well as burn as little as possible. It's either one or the other, never both like in Norway.
We could have sovereign control over our energy supply with renewables and electrification. Yay, we become a great sovereign nation free to do whatever we want with our great British energy supply!
But no, the right wing answer is to develop a couple of gas fields in the north sea that would supply a tiny amount of actual energy requirements, and do nothing for prices as it all goes into a global trading platform.
I know the reason, it's hard to say no to all that money from the fossil industry, and walk back decades of indoctrinating your base at their behest. Even if it means making your country energy independent...