Energy

Britain’s Miliband supremacy

Labour MPs who want Wes Streeting to be their leader have, apparently, one great fear. If their man triggers a contest, they are terrified it will lead to Ed Miliband entering the race to stop the Health Secretary – and coming out on top. A Miliband premiership would, they worry, be the death of Labour. I’ve got news for them: we are already governed by Ed Miliband. This is now his administration. And they, and the rest of us, had better get used to it. Keir Starmer is no longer really in charge of this government – if he ever really was. He is Prime Minister in name only. His

miliband

The Iran war has exposed the world’s maritime chokepoint

The war with Iran is exposing a vulnerability at the heart of the global gas market: the extraordinary concentration of liquefied natural gas supply in the Persian Gulf. Qatar alone accounts for roughly a fifth of global LNG exports, almost all of it passing through the narrow Strait of Hormuz. The conflict has illustrated how easily a single maritime chokepoint could interrupt a significant share of the world’s gas trade. Even if the war ends soon, the vulnerability it has exposed will not disappear President Donald Trump has suggested the conflict may soon end, describing the campaign as largely achieved and possibly over “very soon.” The Gulf monarchies also appear eager for a quick

The Iran war has exacerbated the failure of European energy policies

The history of the global trading system is a story of narrow and vulnerable waterways: the Suez and Panama Canals, the St. Lawrence Seaway, the Straits of Dover and the Skagerrak, which defends the entrance to the Baltic. But none has the power to seize up the global economy as much as the Strait of Hormuz. Barely 30 miles wide at the narrowest point and bounded on one side by the state of Iran, this passage is used for a quarter of the world’s oil supplies and a fifth of its liquified natural gas (LNG). As we have now discovered, the consequences of disruption are severe: on the day that

energy

Inside the Democrats’ AI skepticism

Bernie Sanders has been rolling out political hot takes for more than half a century, and in recent years his familiar socialist prescriptions have found a new focus: artificial intelligence. In 2023 he argued that workers who use it should be entitled to a four-day week. In October of last year he called on corporations who employ AI to be hit with a “robot tax”. And, just last month, he made his punchiest proposal yet: a complete moratorium on all AI data centers. In a characteristically plaintive video address, the Vermont Senator argued that halting data center construction would “give democracy a chance to catch up,” preventing the benefits of

AI

Donald Trump’s end-of-year victory lap

As a mighty US armada bobs in the Caribbean off the shores of Venezuela, President Trump just addressed the nation from the Diplomatic Reception Room at the White House. With characteristic delicacy and understatement, he outlined the accomplishments of the first 11 months of his second term in office, lightly criticized his predecessor and cautiously opined about what the future held in store for the United States of America in the coming semiquincentennial year.  Well, some viewers may wish to dispute my emphases and assessments of tone. But let’s just say that the President’s short speech was vintage Trump. It was hyperbolic, yes, over the top, indubitably, but in essence 100 percent true.

trump 2025 achievements