cheap energy or free beer?
Interesting article revealing the pressure on politicians to favour the next big cash cow.
I don't agree that the political aim should be to keep energy prices low. Yes, there is probably a long-term correlation between cheap energy and growth, but this is not an argument to keep prices low, rather one to use energy sources wisely, also over long periods. Clearly, European growth is not related to the different prices given in the table, nor were energy price increases a major factor in the current lack of growth in Europe.
Finally, earthquakes are expensive: not because I spilt my beer when the last one came around, but because people sue for damage to buildings. This is true whether the cause is fracking for gas or a green geothermal project. http://www.nytimes.com/2009/12/11/science/earth/11basel.html
Could it be that part of the lobbying is for indemnities from such side-effects?