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  • The whole energy crisis thing

I’ve been putting this in my meter and haven’t had a bill for months -

Jules72 Happy to be wrong here, but isn’t the main issue with the gas price being that China beat us to the market and bought it all up before we did? They got their order in for the next five years or so and it pushed the remaining prices through the roof? This was something that happened before the invasion of Ukraine.

@hugopaI Make yourself useful for once and do the research here for us old chap.

      Dry-Tinder I’ve got a fixed tariff until September 2023, so, for now it has no impact on me. I am sick and fucking tiered of hearing about these so called venerable people complaining that they are struggling, the winter hasn’t even started yet.

      Fucking lol, I’m alright jack!

      Hundreds of thousands of people are aware that they and their loved ones are gonna have to choose between food or warmth, and you expect them to sit there silently silently accepting it?

      • Dan replied to this.

          NasserAlazzawi the media is making it worse.

          The biggest issue is that they aren’t explaining the situation well enough. They’re some how terrified of giving any real detail to almost any complex story. You’d think that would be one of the upshots of 24 hour rolling news, it gives you the air time to get into the weeds, but no, here’s the weather etc…

              Jules72 The other driver of high fuel prices is decarbonisation.

              If renewables are cheaper than all the other options, how is this the case?

                Jules72 Look at the cost of gas and oil and look at the profits of BP, Exxon et all. This is fairy tale version of inflation. There needs to be a major intervention - raising the cap? Jesus fucking wept.

                  Amps The biggest issue is that they aren’t explaining the situation well enough

                  Totally. They love dumbing it down or using ‘throwaway confusion’ lines as justification. Sometimes we just need the real answer.

                    Amps We don’t need their sort!

                      Channel 5 9:00pm: How to live like a medieval peasant on 40p a day.

                      Petrol down to 146c a ltr here today. That’s about 75p. I’ll turn the heater up and think about you all. 👍

                      Old-Dutch they don’t give a fuck, but one thing that is changing is the whole ESG angle on this. The large investors into these companies are all having to abide by new ESG standards and therefore will be either taking all their money out of these companies in the near future or requiring them to spend billions becoming more sustainable.

                      That’s all theory, but probably just means a load of hedge funds take on all the shares and debt in the likes of BP etc and take the profit

                        gcw We’ve had it too good for too long

                        Anyone who thinks like that can fuck off. There shouldn’t be a glass ceiling for comfortable existence.

                        Everyone on the planet should be able to afford the basics, heat, light, fuel for cooking, food, housing etc

                            As we have seen, greater ESG compliance or greenwashing just means passing higher costs to consumers.

                            erik They are a human right and the developing world has only just got going, which is precisely why the world will never hit net zero by 2050. We are being peddled a fantasy that will impoverish most people

                                alistair the whole net zero thing is a scam…. if they wanted to they could achieve it in half the time they say.. Profit before the planet.

                                • Amps replied to this.

                                    Amps China was already importing most of its gas from elsewhere, mainly Australia and Turkmenistan… see here:

                                    https://www.eia.gov/todayinenergy/detail.php?id=52258

                                    anyway 1) I don’t think a China has storage to build a big inventory (of gas) and 2) there will be limited gas transport capability from Russia to China… so, no, I don’t think it was China behind prices going up… it was simply Russia curtailing supply to Europe.. prices are a lot lower in Asia and the US than Europe, reflecting the fact it’s largely a European/Russian issue.

                                        alistair the world will never hit net zero by 2050

                                        Humans will barely be surviving in 2050

                                        Thank fuck I’m at the arse-end of everything.

                                            Jules72 and the fact that the US has fracked its way to energy independence

                                              Along_the_Wire Humans will barely be surviving in 2050

                                              Thank fuck I’m at the arse-end of everything.

                                              That’s the spirit, Granto

                                                Jules72 Yeah, I don’t think it was a Russia thing, I think China has bought ahead of everyone else from all of it’s suppliers, and that created a knock on to the whole market. Again, happy to be wrong, it was only something I saw briefly on the news a good while ago / before the Ukraine war.