Spare a thought for energy minister Michael Shanks this morning, who’s had an tricky start to the year. During energy questions in the Commons, he was asked by Tory MP Harriet Cross what the price of oil and gas is today. He couldn’t answer…
After some waffling, Cross eventually put Shanks out of his misery, informing the House that oil is at $62 a barrel and gas at 72p a therm. That’s around a third lower than what the government itself deems “windfall” prices, despite Labour hammering the industry with punitive windfall taxes. Chin up, Shanks. Maybe 2027 will be your year…









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