Friday, 15 January 2016

How falling oil prices exposed the great green lie: Saudi Arabia's battle with the US to drive down prices show we're far from reaching 'peak oil'

Daily Mail
While the price of heating oil has more than halved since 2013, the price of electricity has risen by 13 per cent, according to the Office of National Statistics. 
One of the reasons behind this rise is that electricity companies are being forced to buy a certain proportion of their energy from expensive renewable sources. .....
The concept of ‘peak oil’ was just wishful thinking on the part of the green lobby, which wanted us to be forced to stop burning fossil fuels. While I didn’t quite fall for the myth, the Government did. As a result, we’ve been left with a national energy policy that assumes fossil fuel prices can only rise. Huge subsidies — running at £3.4 billion a year — have been paid to subsidise solar, wind and other renewable energy. All along, we have been told that showering renewable energy firms with public money — paid for through taxes and levies on consumers’ bills — was a wise investment that would save us money in the long run because it would make us less dependent on ever more expensive fossil fuels."

 

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