My article above just published at Energy Tribune. For the full article go here. Here's a taster:
Clearly, there is a gulf of difference between how leading Anglosphere economies are handling the unexpected new hydrocarbon revolution on their doorsteps and how they are being handled by more ideological, less pragmatic, EU-strait-jacketed, European states.
According to James Bennett:
The Anglosphere is more than the sum of all persons who have learned the English language. To be part of the Anglosphere implies the sharing of fundamental customs and values; rule of law; honoring of covenants; in general, high trust characteristics described by Francis Fukuyama in Trust: The Social Virtues and the Creation of Prosperity ... The Anglosphere shares a narrative in which Magna Carta, Bill of Rights, trial by jury, “innocent until proven guilty” and “a man’s word is his bond” are common themes.
The cultural ideals listed for the Anglosphere are the antithesis of many of those experienced under European-style socialism. Clearly, demographic trends show that people increasingly want to live where greater personal freedoms are guaranteed. Equally business investment flourishes where free market capitalism, not ideological government writ, still calls the shots.
If the noble ideals Bennett identifies are fuelling the Anglosphere’s increasing per capita wealth, early investment in new domestic energy development will only mean one thing: more power to it.