Matt Ridley: The gas price shock will expose Britain’s catastrophic energy misjudgment

Since a fifth of the world’s liquefied natural gas has to pass through the Strait of Hormuz, it is no surprise that the price we pay for natural gas has spiked sharply upwards. That’s bad news for people trying to heat their homes, use electricity, start an AI business, make chemicals, find employment or buy almost anything. Energy is the lifeblood of the economy.