Blame our boom years for today's energy price news

Things get "tight and uncomfortable".

“Life could get very tight and uncomfortable around 2015 to 2018”, said Ofgem’s departing chief executive, Alistair Buchanan to the BBC’s Today Programme this morning.

The “tight and uncomfortable” refers to new energy price rises forecast amid power station closures. Coal is, in Buchanan’s words, “coming off the bars now” and nuclear and renewable sources are still in their infancy. So, in another breath of optimism, Buchanan explains: “We’re going to have to go shopping for gas in world markets... which briefly will be tight themselves, so we’ll have a double squeeze”. Again he emphasises, “Prices are going to get quite squeezy as supply and demand converge”.

Words like “uncomfortable” and “squeezy” from an influential figure like Buchanan are worrying. Although nobody yet knows quite how harsh these price rises will be, there is one certainty – this is unwelcome news.

For once, though, these unwelcome bills are not Coalition policy, they are the direct result of our boom years. International emissions agreements signed between 2004 and 2008, right before what Buchanan labels the “financial tsunami”, take most of the blame. While environmental policy, not the economy was headlining political rhetoric and green protests, not occupy movements were plaguing London’s streets, deals were made to cap emissions. These good intentions have now come back to haunt us as coal power stations are forced to close earlier than expected, and our reliance on gas doubles from 30 to 60 per cent.    

Allocating blame to the past eases the pain. Decisions have been made and we must live by the consequences. But the effects are only short-term: once our wind turbines start spinning, wave hubs start floating and nuclear power plants start...humming, we will surely be back in the black.

Photograph: Getty Images

Oliver Williams is an analyst at WealthInsight and writes for VRL Financial News

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Political video has come full circle in Obama and Clinton’s mockumentary-style films

Political campaign videos are increasingly mimicking the specific styles of filmmaking created to mock them.

This week, Hillary Clinton released a campaign video featuring Barack Obama, in an attempt to persuade her supporters to vote early. It revolved around Obama’s self-professed earliness. “I’m always early,” he tells us, cheerily. Aides chip in to explain this irritating habit, which becomes progressively more exaggerated, his approach to timing absurd. “You know how you beat LeBron James one-on-one? Get there 45 minutes early. Then it’s one-on-none.” A former staffer sighs. “You try telling the President of the United States there’s no such thing as a one-on-none.”

This is an instantly recognisable mockumentary style – deliberately shakey camerawork, complete with lots of zooming in and out, as absurd corporate behaviour is interspersed with incredulous talking heads and voiceover. It has its roots in the Office UK, taking the States by storm with The Office US, 30 Rock and Modern Family, and developing a political subgenre in The Thick of It, In the Loop and, most recently, Parks and Recreation. (Vague comparisons between Clinton and Poehler’s Leslie Knope abound.)

The content, too, seems familiar – a politician talks to camera about a personality quirk that is broadly a strength for someone in government, but exaggerates it to create a geeky, optimistic goofball, and a pretty likeable character. Take Leslie Knope on never smoking weed:

In terms of style and content, they’re fairly indistinguishable. And this not the only Clinton campaign video influenced by mockumentary and comedy tropes . In March, the Clinton campaigned released a “mean tweets” video with Senator Al Franken in the style of a Jimmy Kimmel Live talking head. Three days ago, a video campaign starring “Fake Lawyer” Josh Charles, an actor on The Good Wife, was released. It borrows heavily from mockumentary styles as well as self-mocking celebrity cameos in advertising. Even some non-comic videos, like this lighthearted one about Clinton’s granddaughter, have the exaggerated camerawork of the genre.

Of course, we can trace these campaign videos back to Obama again. His campaigns have always been heavily video based, and he’s taken the piss out of himself for Buzzfeed to promote campaigns. But the White House’s official channels are also in on the joke. In 2013, they released a mockumentary starring Steven Spielberg and 30 Rock’s Tracey Morgan, in which Obama plays Daniel Day Lewis playing Obama.

Earlier this year, the channel released another mini mockumentary, featuring Obama preparing for the end of his time as president. (The film even ridicules a less self-aware style of video – Obama posts a misjudged Snapchat about Obamacare, and asks “Did it get a lot of views at least?”)

A politician whose ideal evening consists of children’s movie marathons with colleagues? Where have we seen that before? Yes, political video has come full circle. Personally, I’m waiting on the Hillary Clinton break dancing clip

Anna Leszkiewicz is a pop culture writer at the New Statesman.