High gas prices are hastening UK energy crunch.

FT: “Britain is heading towards an energy supply crunch sooner than expected as many of the country‚Äôs coal-fired power stations face early closure under European Union environmental regulations. Eight coal-fired plants are due to close by 2015 as part of efforts to cut harmful emissions but several are set to shut before then as companies rapidly burn through their remaining EU production allowances. …Coal accounted for 43 per cent of generation in January compared with 26 per cent for gas, far more than normal, according to National Grid. Gas prices in Europe are still heavily linked to oil prices, which have been driven up by political tensions in the Middle East”: the total opposite of the situation in the US.