On Monday, he said: “Shale gas in North America has misled people about the medium to long-term trends in gas prices. People feel that if you go for unconventional gas in the UK that will reduce prices.”
Err, yes, that is the way it works you know. Supply goes up, prices come down.
Are we really happy with the idea that the man planning this vital part of the economy has not read past para 1 of the first page of Econ 101?