The choice of whether to reuseornotpayuntilyouneed the resources is now yours, but you no longer need to have the sparecapacity there, waiting for the "just in case" situation to occur.
Also suppliers in the Opec group of producing nations are pumping at their highest rate in a quarter century, with not much in the way of sparecapacity to make up any shortfalls.
Since Japan lacks both oil and natural gas, keeping the lights on in Tokyo is going to mean bringing most if not all of that sparecapacity back online, and that will require importing more petroleum to fuel the plants.
Barclays Capital thinks the OBR overestimates sparecapacityin the economy and that planned spending cuts will not be enough to eliminate the structural deficit.