Shale gas is Rearden Metal
For my summer holidays I have been mostly reading Atlas Shrugged. Ayn Rand has her faults but, boy, was she prescient.

One of the things she foresaw was the current nonsensical, dishonest, canting campaign against shale gas. In Atlas Shrugged it takes the form of Rearden Metal, the miracle technology which is going to transform the US economy if only the progressives will let it. But of course, Rand’s fictional progressives don’t want Reardon Metal to succeed any more than their modern, real-life equivalents want shale gas to succeed.

Why not? For the same rag-bag of made-up, disingenuous reasons which progressives have used to justify their war on progress since time immemorial: it’s unfair, it uses up scarce resources, it might be dangerous. Rand doesn’t actually use the phrase “the precautionary principle.” But this is exactly what she is describing in the book when various vested interests – the corporatists in bed with big government, the politicised junk-scientists at the Institute of Science (aka, in our world, the National Academy of Sciences or the Royal Society), the unions – try to close down the nascent technology using the flimsiest of excuses....