Interesting piece in the Guardian by George Monbiot, discussing the perversity of subsidising the oil industry in order to protect profits during the slump in oil prices. He notes that:
Last week David Cameron flew to Aberdeen, where he announced another £250m of funding for, er, free enterprise, much (though not all) of which will be used to prop up oil and gas. A further £20m of public money will be spent on seismic testing
The energy secretary, Amber Rudd, says she stands “100% behind” this “fantastic industry”. She will “build a bridge to the future for UK oil and gas”.
A link to the piece is:http://www.theguardian.com/commentisfree/2016/feb/02/cheap-oil-taxpayers-crisis-bailouts-fossil-fuels