Picking losers
Jun 17, 2015
Bishop Hill in Energy: gas

Nicola Sturgeon is apparently to demand that the UK government provide incentives for North Sea oil and gas exploration. Given that the North Sea cannot compete in the face of the glut of energy from the Middle East and the unconventionals, this would appear to seem to be more a futile gesture than an idea that might have some practical effect.

And while the sentiment of the proposal is sound enough, you have to wonder about the decision of the Holyrood administration to back yesterday's fossil fuel industry, while putting stumbling blocks in the way of tomorrow's. I'm thinking of course of the moratorium on unconventional oil and gas development north of the border.

Put alongside her all-out support for renewables, it's hard to avoid the impression that Ms Sturgeon loves a loser.

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