Mr. Sebastian Barnes:

It is a problem of horizons. In the short run, we have the energy system we have and we are facing the consequences of that. In the long run, the move towards electricity and renewables will be a major change, not just in the way we produce energy but in the way the whole economy works. We will not be importing anywhere near as much energy as we were beforehand because it will be produced domestically. This will make the economy more resilient because we will be more dependent on domestic supply. Unfortunately, that is a long way off.