Alistair Campbell

stockpiles of oil.

We don't have that stuff.

And we don't have that stuff because if you'd asked, I think, the National Security Council in Britain or European leaders three years ago to spend, as the Chinese have, untold amounts of money building up huge oil stockpiles, people would be like, well, what risk, what threat do you think you're actually dealing with here?

You'd say, well, the threat we're dealing with here is that maybe Qatar will no longer be exporting as gas.

Well, that's insane.

Why would Qatar not export as gas?

I mean, it's their whole economy, right?

Well, what would happen if Iran would close the Straits of Formosan?

Well, they're not going to do that, are they?

Because it would cripple the Iranian economy.

Okay, what would happen if... Yeah, yeah, go on.

Interrupt, because you know where we're going.

To make, again, our listeners uncomfortable, a big exporter partly because of fracking.

Yeah.

Well, because they've got much cheaper energy.

And why have they got cheaper energy?

Partly because they're fracking.

So there's a connection between all these things.

There's a connection between our green agenda, our renewables investment, the types of things we concentrate, the kind of threats we think we see, the kind of priorities we place.

Just to come back to threats, though, for a second.