Peter Franklin: Our shallow and simplistic debate over energy policy is a threat to national security
We're watching the same failure loop.
Peter Franklin is an Associate Editor of UnHerd.
Can we have a grown-up conversation about energy please? Because right now, we’re not getting one. I’ll get on to the pro-green side of the debate in a bit, but let’s start with the anti-greens — seeing as they now control policy in both the Conservative Party and Reform UK.
If you were to ask Kemi Badenoch or Nigel Farage about the root causes of our energy insecurities, you can bet they’d reach for a two-word explanation beginning with “net” and ending with “zero”. Indeed, Net Zero has become to the Right what Brexit is to the Left — a general purpose whipping boy for everything that’s gone wrong with the British economy.
But that doesn’t help us with the latest surge in energy prices. After all, it’s not Greta Thunberg blocking the Straits of Hormuz, but an unpredictable, open-ended conflict with Iran.
Crude oil prices are forecast to hit $100 per barrel this week. And if Donald Trump doesn’t wrap this up pronto, there’ll be much worse to come. Even if Iranian missiles and drones don’t destroy the Gulf’s energy infrastructure, the squeeze on tanker traffic is already wreaking havoc. Oil storage facilities in the region are filling-up fast. That in turn threatens a massive shut-down in production and processing — which won’t be reversed easily or quickly. And remember, it’s not just oil. The Qataris are shutting down their LNG export terminals, which is why natural gas prices are spiking too.
But that’s the cost of relying on imported fossil fuels, especially exports from Russia and the Middle East. As well as enriching some of the world’s worst people, we’ve staked Europe’s security on a series of vulnerable bottlenecks — including Russia’s oil and gas pipelines; both ends of the Red Sea; and the aforementioned Straits of Hormuz. Since 2020, all of those have been choked-off — in some cases for months or even years. The harsh truth is that in weighing up the pros-and-cons of different forms of energy we can no longer assume the unimpeded east-west flow of oil and gas.
So when you hear someone urging the country to get real about the vulnerabilities of renewable energy, but without also acknowledging the fragilities of a hydrocarbon-based economy, the argument is either blinkered or made in bad faith.
Of course, the same applies in reverse. For instance, here’s the Business Secretary, Peter Kyle, using the current crisis to call for a “doubling down on renewables.” Well, I’m all in favour of doubling, tripling and quadrupling the deployment of wind and solar power. Not only is it clean and un-depletable, it’s also domestically produced — with obvious benefits for security of supply and our balance-of-payments. One little thing though: what happens when the wind doesn’t blow and the sun …
We're watching the same failure loop.
Peter Franklin is an Associate Editor of UnHerd.
Can we have a grown-up conversation about energy please? Because right now, we’re not getting one. I’ll get on to the pro-green side of the debate in a bit, but let’s start with the anti-greens — seeing as they now control policy in both the Conservative Party and Reform UK.
If you were to ask Kemi Badenoch or Nigel Farage about the root causes of our energy insecurities, you can bet they’d reach for a two-word explanation beginning with “net” and ending with “zero”. Indeed, Net Zero has become to the Right what Brexit is to the Left — a general purpose whipping boy for everything that’s gone wrong with the British economy.
But that doesn’t help us with the latest surge in energy prices. After all, it’s not Greta Thunberg blocking the Straits of Hormuz, but an unpredictable, open-ended conflict with Iran.
Crude oil prices are forecast to hit $100 per barrel this week. And if Donald Trump doesn’t wrap this up pronto, there’ll be much worse to come. Even if Iranian missiles and drones don’t destroy the Gulf’s energy infrastructure, the squeeze on tanker traffic is already wreaking havoc. Oil storage facilities in the region are filling-up fast. That in turn threatens a massive shut-down in production and processing — which won’t be reversed easily or quickly. And remember, it’s not just oil. The Qataris are shutting down their LNG export terminals, which is why natural gas prices are spiking too.
But that’s the cost of relying on imported fossil fuels, especially exports from Russia and the Middle East. As well as enriching some of the world’s worst people, we’ve staked Europe’s security on a series of vulnerable bottlenecks — including Russia’s oil and gas pipelines; both ends of the Red Sea; and the aforementioned Straits of Hormuz. Since 2020, all of those have been choked-off — in some cases for months or even years. The harsh truth is that in weighing up the pros-and-cons of different forms of energy we can no longer assume the unimpeded east-west flow of oil and gas.
So when you hear someone urging the country to get real about the vulnerabilities of renewable energy, but without also acknowledging the fragilities of a hydrocarbon-based economy, the argument is either blinkered or made in bad faith.
Of course, the same applies in reverse. For instance, here’s the Business Secretary, Peter Kyle, using the current crisis to call for a “doubling down on renewables.” Well, I’m all in favour of doubling, tripling and quadrupling the deployment of wind and solar power. Not only is it clean and un-depletable, it’s also domestically produced — with obvious benefits for security of supply and our balance-of-payments. One little thing though: what happens when the wind doesn’t blow and the sun …
Peter Franklin: Our shallow and simplistic debate over energy policy is a threat to national security
We're watching the same failure loop.
Peter Franklin is an Associate Editor of UnHerd.
Can we have a grown-up conversation about energy please? Because right now, we’re not getting one. I’ll get on to the pro-green side of the debate in a bit, but let’s start with the anti-greens — seeing as they now control policy in both the Conservative Party and Reform UK.
If you were to ask Kemi Badenoch or Nigel Farage about the root causes of our energy insecurities, you can bet they’d reach for a two-word explanation beginning with “net” and ending with “zero”. Indeed, Net Zero has become to the Right what Brexit is to the Left — a general purpose whipping boy for everything that’s gone wrong with the British economy.
But that doesn’t help us with the latest surge in energy prices. After all, it’s not Greta Thunberg blocking the Straits of Hormuz, but an unpredictable, open-ended conflict with Iran.
Crude oil prices are forecast to hit $100 per barrel this week. And if Donald Trump doesn’t wrap this up pronto, there’ll be much worse to come. Even if Iranian missiles and drones don’t destroy the Gulf’s energy infrastructure, the squeeze on tanker traffic is already wreaking havoc. Oil storage facilities in the region are filling-up fast. That in turn threatens a massive shut-down in production and processing — which won’t be reversed easily or quickly. And remember, it’s not just oil. The Qataris are shutting down their LNG export terminals, which is why natural gas prices are spiking too.
But that’s the cost of relying on imported fossil fuels, especially exports from Russia and the Middle East. As well as enriching some of the world’s worst people, we’ve staked Europe’s security on a series of vulnerable bottlenecks — including Russia’s oil and gas pipelines; both ends of the Red Sea; and the aforementioned Straits of Hormuz. Since 2020, all of those have been choked-off — in some cases for months or even years. The harsh truth is that in weighing up the pros-and-cons of different forms of energy we can no longer assume the unimpeded east-west flow of oil and gas.
So when you hear someone urging the country to get real about the vulnerabilities of renewable energy, but without also acknowledging the fragilities of a hydrocarbon-based economy, the argument is either blinkered or made in bad faith.
Of course, the same applies in reverse. For instance, here’s the Business Secretary, Peter Kyle, using the current crisis to call for a “doubling down on renewables.” Well, I’m all in favour of doubling, tripling and quadrupling the deployment of wind and solar power. Not only is it clean and un-depletable, it’s also domestically produced — with obvious benefits for security of supply and our balance-of-payments. One little thing though: what happens when the wind doesn’t blow and the sun …
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