I think the point Paul Mobbs was making is that we are going to be back to the bad old days of the 1970s - importing almost all our primary energy, but not having the manufacturing base or GDP to pay for it.
That's why it's suddenly become economic to re-open some of the coal mines that were closed down in the UK and there's a push for open cast mining of new seams and also a push for coal powered generation (not only because it's quick to build).
They also plan to reintroduce coal gasification to supplement imports and dwindling North Sea gas (so going full circle back to when the Victorians made gas from coal). This enables access to 17 billion tonnes or 300 years supply (estimated by British Coal Gasification) by burning the coal underground and so converting it to gas, avoiding the need to mine it and then process it. It relies on them building CO
2 capture and store systems though...
http://www.britishcoalgasification.co.uk/UCG.html