Also note that apparently being dependent on Russian gas is preferable to being dependent on German gear boxes. That's about the only way I can translate the comment about the falling £: It makes the up-front cost of windmills (which, thanks to the UK's lack of energy policy for the last couple of decades, are not produced in the UK...) more expensive than the cement and steel (which presumably still is produced in the UK) needed for gas-fired power plants.

Not the geopolitical analysis I'd have made. But hey, I'm just a shill, lefty blogger...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.