Big Oil gambles and we all lose

Lt Col Daniel Davis is a veteran of four tours of duty with the US Army in Iraq and Afghanistan

Lt Col Daniel Davis is a veteran of four tours of duty with the US Army in Iraq and Afghanistan

“We are betting our entire national economic life on the hope — indeed the expectation — that the fracking boom will continue until well into the 2020s, and that, at a rate and cost we desire, significant amounts of ‘yet to be discovered’ oil will somehow be found to meet the demand.

"If any of that proves incorrect, we have no plan, no alternative, and have given no thought to how we would respond in such a case.”

The speaker is national-security expert Lieutenant Colonel Daniel Davis, a veteran of four tours of duty with the US Army in Iraq and Afghanistan. I am not a military man, but I worry just as much about the energy security of my own country as he does about his. In the UK, the government, the civil service and most of the big energy companies seem perfectly Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine