Nicole Foss: Unfortunately for proponents of the appealing fantasy, reality wins in the end. We are not destined to see the geo-strategic map redrawn in favour of the West as a result of shale energy.
Instead, we are going to be facing some very hard decisions on rationing scarce resources for the foreseeable future, and we are going to be doing it in a time of deepening financial crisis. Britain will be critically short of both money and energy, and sadly those twin deficits can be expected to aggravate each other significantly.
Shale gas is a Faustian bargain meant to kick the energy can down the road, but it amounts to nothing more than a cruel deception.