UK Economist Says the Quiet Part Out Loud: High Energy Prices are ‘Good for the Climate’

When petrol prices rocket because of supply shocks—such as the closure of the Strait of Hormuz and the rerouting of oil tankers—one might have expected a discussion of geopolitics, market signals and the obvious supply-side remedies. Of which there has been plenty, some competent and even masterly, some not so competent by “instant expert” talking heads…