Katrina Gaffney seems on the Britain’s colonial previous and rise of North Sea oil and gasoline
A miniseries from the New Economics Podcast which asks how have power crises formed our financial system and what do we have to do to shockproof our power system in an more and more unstable world?
It’s 1956 and the UK and France have joined forces to assault Egypt. What turned referred to as the Suez Disaster ended with a humiliating climbdown for the UK and France. “Suez” turned a byword for the UK’s declining standing on the world stage. Petrol rationing was launched, the UK was plunged into an financial disaster, nationwide anti-war protests sprang up and prime minister Anthony Eden was compelled to resign. Uncovered to the dangers of importing fossil fuels from overseas, the UK was compelled to reckon with its power provide. Within the years that observe we see explorations of nuclear energy and in the end North Sea oil and gasoline.
On this episode of Shockwave, we’re asking: is right this moment’s power disaster actually that novel? Why are we nonetheless so reliant on imported fossil fuels? And is the North Sea the reply to our power woes?
Katrina Gaffney was joined by New Economics Basis economists Dr Alex Chapman and Jaya Sood, alongside author and tutorial Gareth Fearn, to seek out out.
New Economics Podcast · Shockwave: Suez: The disaster that humbled Britain
Music by Maarten Schellekens, Free Music Archive: freemusicarchive.org/music/maarten-…ike-clockwork/ used below Inventive Commons licence: creativecommons.org/licenses/by— nc/4.0/.
