The whole energy crisis thing

Old-Dutch

It’s absolute bollocks. The other line is “the days of cheap fuel and energy prices are over”

They’ve never been cheap - the profits these companies make (circa £1b a day on average over the last 50 years) shows this.

Jules72

The other driver of high fuel prices is decarbonisation. Government policy is now directed against carbon fuels, which means no new investment by the private sector in these sectors and therefore limited capacity. You get a shock like Russia invading Ukraine and the shit hits the fan.

alistair

Jules72 the race to net zero, as worthy as it is, risks bankrupting Britain

Amps

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.

Amps

Jules72 The other driver of high fuel prices is decarbonisation.

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

Old-Dutch

It’s a fucking pointless exercise at this stage in the game. We’re all fucked and we may as well just get on with it now.

The warnings were ringing out for the last 50 odd years and nobody gave a fuck until it was too late. Now it’s just a means of extracting yet more cash and taxes from us, paying lip service and nothing more

Wally

Jules72 Yes dingus. The tax payer should foot the bill in the UK too. That’s what nationalisation is.

There are a myriad of ways to reduce usage without ripping the souls out of the population.

Edit : are you suggesting we should be happy to subsidize other nationalised countries over here?

Dubman

You do have question the if the ceo’s of these large energy companies sleep at night knowing that the high prices that they are charging could cause people to starve or cause massive health problems and lot’s of businesses will go under.

Old-Dutch

They sleep extremely well. On very comfy expensive pillows.

They know full well the damage their industries do to everybody as well as the planet, but couldn’t give a fuck as long as the money keeps rolling in. They blatantly fund all of the anti-nuclear studies etc. too.

Fossil fuels will be used until they run out. And we’ll be bled dry to pay for them

Millsy

Old-Dutch yup. The tobacco industry mk2

RichM

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

Dubman

After watching that doco on the bbc. They really don’t give a fuck.

Smallman1

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

Jules72

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.

Amps

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

Amps We don’t need their sort!

Amps

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…

NasserAlazzawi

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.

Along_the_Wire

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.

mono-stereo

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

Cankles-McJeggings

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

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