Monday, July 26th, 2010 at 10:29 am - - FOI, Whipping 1 Comment »

Three months after the the biggest off-shore oil accident in history, it’s business as usual in Parliament, with more subsidies given for dangerous deepwater drilling in UK waters.

Now, if you believed that the outcome of the free market was always optimal and good, you’d wonder what was going on. Surely if it’s disproportionately expensive to go for oil in certain places, then it should be left there until either advances in technology made exploitation cheaper, or the price rises sufficiently to make it affordable.

As The Economic Secretary to the Treasury, Justine Greening MP, explained to the Delegated Legislation Committee on 20 July 2010: