Alistair Campbell

But there's other particular problems with Britain, which at some point we're going to get into, which has to do with the fact that we're still paying enormous amounts for the cost of the renewable energy that's already been installed.

So even though it's cheaper, put in the stuff,

the way the government subsidized it, all of which is sitting on our bills around taxation, still paying for a massive amount of renewable energy investment.

And secondly, this problem of distribution and transmission.

They kept saying very casually things like, well, of course, you know, Britain, it's all going to be fine provided you put all the wind turbines in the southeast of England.

The problem is that you have them in Scotland and the transmission costs are too big.

Anyway, enough on that.

One of the things, though, that I think brought us to this is that

it wasn't just about electricity.

And we began to realize how much the story of the Strait of Hormuz is causing an existential threat, not just to Asian and African, but also European economies.

And that it's not just striking through the electricity bill, it's striking through things like jet fuel, diesel, and fertilizer.

And for no benefit.

The point is you're paying 465 million euros a day more and you're not getting a single bit more energy.

Exactly.

So it's a pure cost.

There's no benefit at all.

Yeah, very alarming.

Very, very alarming.

Number one, it takes us back to a world that we thought was a long way away.

I mean, if you go back to the stories of the First World War, a lot of that was about Germany and Britain being concerned about where they were going to get the oil to power their navies.