Amid calls for an expansion of UK gas storage (diminished by Govt.s in the past), we can see the contours of the central fissure in UK economic & industrial policy....
On one side is a desire to (re)establish strategic energy reserves & a focus on *political* risk...
on the other, is a commitment to market solutions, grounded in a notion that reserves are 'uneconomic' & represent a cost to the economy.
Too often, the latter perspective shapes the UK's exposure to risk!
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