Agreed. Miliband has lost the argument, but we have paid a heavy price in the interim. Labour’s entire position on oil and gas since February 2022 has been a complete catastrophe for the country. It warped the public’s understanding of the energy crisis and created the false impression that moving away from hydrocarbons was a simple substitution, and that we therefore no longer needed to take domestic production as seriously. It was as damaging, in intellectual terms, as the Conservatives entering the financial crisis with a socio-centric worldview built for an era in which prosperity was assumed to be secure. What Britain needed after 2008 was a renewed focus on productivity, investment and wealth creation. Instead, too much of the political class carried on as though the old New Labour economic settlement still worked and needed a few tweaks.