4.4 • 785 Ratings
🗓️ 9 October 2021
⏱️ 13 minutes
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0:00.0 | The Spectator magazine combines incisive political analysis with books and arts reviews of unrivaled authority. Absolutely free. Go to spectator.com.uk forward slash voucher. |
0:30.5 | Hello, I'm Sam Holmes and welcome to Spectator Out Loud. Every week, a few of our favourite writers read their pieces from the latest issue. |
0:38.8 | This week we'll hear Matthew Lynn's thoughts on how gas shortages could lead to a very cold |
0:43.6 | winter. Tanya Gold, with a critical take on critics, and finally James Innes Smith bigs up the |
0:49.8 | bungalow. First up, Matthew Lynn. The stairs won't light, the boiler won't fire up, pipes are frozen on the water |
0:58.0 | is stock running. |
0:59.0 | Welcome to Christmas 2021. |
1:01.0 | Amid a fierce cold snap, with another beast from the east blasting across the country, the |
1:06.0 | UK's meagre stockpiles of gas have been exhausted, and the country has plunged into a crisis. Old |
1:12.1 | people are dying and the rest of us are doing our best to keep warm. The closest thing to the |
1:16.4 | apocalypse most of us would experience in our lifetimes has arrived. Well, perhaps, it is easy to sketch |
1:23.4 | out lurid scenarios of what might happen if the country runs out of gas. In reality, it won't be that bad. |
1:29.3 | Before we get there, we will see industrial closures and then some form of rationing. |
1:34.3 | But that doesn't mean it won't be a serious problem. |
1:37.3 | A gas emergency will cause huge disruption to the economy, widespread shortages, |
1:42.3 | and a political crisis from which even the Johnson administration, |
1:46.0 | with its formidable powers for bouncing back, may not recover. |
1:50.0 | There is no question there is a real risk of a serious shortage of gas this winter. |
1:55.0 | The price of every form of energy has rocketed in the past six months, but gas most of all. |
2:00.0 | At the start of September, if you're in |
2:02.4 | the market for a thousand cubic metres of gas, the standard trading unit, you could get one |
2:07.4 | for just over $500. By the middle of the month, that had jumped $800, and by its close it was |
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