Energy Prices

[redheart]

6 hours ago, Lee909 said:

Easy fix

Sadly she was cremated

[Mudface]

12 minutes ago, redheart said:

Sadly she was cremated

Typically selfish.

[AngryOfTuebrook]

Of course, you know the real cause of the problem...

 

 

[TD_LFC]

 

Jokes on them, that 170 billion will drop as the poor start dying.

[Moctezuma]

Maybe I need to unplug from social media a bit, but it does feel like we're leading up to a crescendo with all our long term structural issues having been heightened by the huge increases in wholesale gas prices.

 

I know the whole shtick is to announce Truss and then release a package that helps people out considerably in order to give her and the Conservatives a bit of a poll boost, but it does feel like they are still misreading the temperature on this/are too ideologically strictured, which could have some pretty dreadful policy consequences.

 

It's a bit of a wait and see, however in the short term a few more businesses will go bust and households be put into penurious situations.

[TD_LFC]

As you do...

 

 

[Gnasher]

He's only gone and fucking solved it! Energy crisis over. Why didn't he let us know about this poverty buster before? Ingenious.

 

 

 

 

 

 

[Clem H Fandango]

Just need lots of these.

 

 

[Clem H Fandango]

Did have a boiler check from a gas engineer this morning. He says we're all fucked. 

Valuable insider info.

[RJ Fan club]

36 minutes ago, Clem H Fandango said:

Did have a boiler check from a gas engineer this morning. He says we're all fucked. 

Valuable insider info.

Akin to blokes who worked down the 24hr petrol garage when the refinery blockade was on around 2000.

 

It’s their time to shine!

[benwasmydog]

At least the new Royal Yacht is still getting built! Marvelous.

[DalyanPete]

Starting to sound like 80's all over again. Hope not as they where tough times with many lads I worked with almost suicidal.

Electric went up here 140% earlier this year, just announced another 50% rise. Not as tough for most expats (or immigrants as someone on here said) but going to be a tough winter for the Turkish locals, most don't have pot to piss in.

[DalyanPete]

8 hours ago, Clem H Fandango said:

Just need lots of these.

 

 

That is both funny and clever.

[Harry's Lad]

https://www.independent.co.uk/tech/wave-magnet-renewable-energy-swel-b2156572.html

[Captain Willard]

33 minutes ago, Harry's Lad said:

https://www.independent.co.uk/tech/wave-magnet-renewable-energy-swel-b2156572.html

The surface of the sea is an incredibly hostile environment. After millions of years of evolution, nothing has emerged that can live there. It’s too hard. Easiar to focus on less hostile places to build solar and wind. 

[Harry's Lad]

1 hour ago, Captain Willard said:

The surface of the sea is an incredibly hostile environment. After millions of years of evolution, nothing has emerged that can live there. It’s too hard. Easiar to focus on less hostile places to build solar and wind. 

I just spotted it and posted it mate, but if the company can demonstrate the efficacy and prove it is robust enough to cope with the ravages of the surface of the sea, don't you think it should be looked into considering the cost of the energy produced?

 

Sizewell C won't be online for decades and even then will only produce 7% of the electricity the country needs.

The government is putting  £700 million towards it, but the thing is going to cost £20 BILLION plus. 

The juice it pumps out is going to be very expensive and there needs to be several more built to cope with demand.

 

I doubt wind and solar will be sufficient to make up the shortfall when gas and coal power stations are closed to honour the international climate agreements that the country has signed up to, so where will the energy come from?

 

I personally don't think some of these ideas should just be summarily dismissed out of hand without thorough impartial investigation.

 

[Gnasher]

Have a bit of that Rico, Dockers doing the bizz.....

 

he's only gone and smashed it right out of the fucking park.

 

most said they made their minds up after reading that rumble on here the other week... 

 

 

[Rico1304]

38 minutes ago, Gnasher said:

Have a bit of that Rico, Dockers doing the bizz.....

 

he's only gone and smashed it right out of the fucking park.

 

most said they made their minds up after reading that rumble on here the other week... 

 

 

Neither of the idiots advocating this will be doing it as they understand exactly how it

will negatively impact on them.  
 

If you aren’t a BG or Shell customer you’ll be sending viable companies under, making thousands unemployed and increasing bills for everyone else - all because they are making 2% profit and can’t influence wholesale prices.  
 

When they’ve gone BG and Shell will hoover the customers up. Fantastic protest - everyone goes to the ones who profit most.  Well thought out.  

[Rico1304]

This graph is interesting. Shows that the race to the bottom over the last few years didn’t really have any impact to customers. 
 

 

[Mook]

5 hours ago, Gnasher said:

Have a bit of that Rico, Dockers doing the bizz.....

 

he's only gone and smashed it right out of the fucking park.

 

most said they made their minds up after reading that rumble on here the other week... 

 

 

A lot of those involved will be simply unable to afford the increased prices.

[dockers_strike]

Buckle up!

 

Vladimir Putin has imposed an indefinite shutdown of the Nord Stream pipeline supplying gas to Europe, as a proxy energy war between the Kremlin and the West escalates.

State gas giant Gazprom said late on Friday that the Nord Stream 1 gas pipeline to Germany would not reopen following maintenance as planned, despite market data earlier suggesting flows would restart on Saturday.

Gazprom blamed an oil leak for the delay but gave no timeline for reopening. Russia has been accused of weaponising gas supplies in retaliation over sanctions, pushing Europe into a cost-of-living crisis and raising rationing fears. 

News that flows would not restart came hours after the G7 confirmed plans for a price cap on Russian oil in an effort to cripple the Kremlin over its war on Ukraine.

The club of industrial powers, which includes the US and the UK, said they would “stand with Ukraine as long as it takes” as they unveiled the measure after talks in Washington.

Nadhim Zahawi, the UK’s Chancellor of the Exchequer, said the G7 was “united against [Russia’s] barbaric aggression”, adding he will “do all we can to support Ukraine”.

Moscow hit back, saying it would halt oil sales to countries imposing the cap, which it argued would destabilise global oil markets. 

“We simply will not cooperate with them on non-market principles,” Kremlin spokesman Dmitry Peskov said. 

Under the oil price cap measures, Western-dominated services such as insurance and finance for shipping will only be allowed if the Russian oil cargoes are purchased at or below a certain price level. 

The level of the cap has not yet been set and will be determined later based on “technical inputs” decided by the countries involved. 

Christian Lindner, the German finance minister and current G7 chair, said the move would curb Russia’s revenues while also reducing inflation. 

Russia is the world’s second largest exporter of crude oil behind Saudi Arabia and, as of February just before its war, was the world’s largest exporter of oil to global markets. 

Brent crude surged following the invasion, peaking at more than $127 per barrel in March. It has fallen back to around $94 per barrel, higher than pre-crisis levels.

 

 

The International Energy Agency (IEA) said last month that sanctions imposed so far had only had a “limited impact” on Russian production, with rising demand from countries such as India, China and Turkey offsetting falls elsewhere. 

A UK ban on Russian oil imports does not come into force until the end of the year amid fears over disruption to diesel supplies in particular. 

Among other G7 countries, the US has banned Russian oil imports, while the EU is planning to ban seaborne Russian oil imports by the end of the year.

Ministers are aiming to have the price cap in place in time for the EU import ban, with details still being finalised.  

The price of Brent crude rose slightly on Friday as traders anticipated potential production cuts as recession fears loom. 

It came as the deputy chairman of Russia’s central bank admitted Russian banks had lost a combined 1.5 trillion roubles ($25bn) in the first half of the year as western sanctions shut the country out of large parts of the global financial system.

It marks the first time Moscow has disclosed figures for its banking sector since the invasion of Ukraine.

Russia’s financial system has been a key target of sanctions as the West tries to stymie the Kremlin’s war chest.

Dmitry Tulin, first deputy chairman, said around two-thirds of the losses came from foreign currency operations as lenders were blocked from trading in dollars, euros and other currencies.

He told business newspaper RBC that the losses were concentrated among Russia’s “systemically important” banks, which are the largest and have higher capital adequacy requirements.

Mr Tulin insisted the central bank did not expect a repeat of the 2014-17 banking crisis, when the regulator had to bail out several lenders.

In June, Russia defaulted on its foreign debt for the first time since the Bolshevik Revolution in 1918 after the US blocked access to $600m of funds in Wall Street banks, leaving it unable to make repayments.

The central bank’s assets have been frozen, blocking access to more foreign reserves, while many Russian lenders have been excluded from the Swift international payments system.

The UK has also frozen Russia out of its financial system, alongside its move to phase out all energy imports from the country.

Mr Tulin said it had become “more and more problematic” for Russian lenders to make payments in “toxic” currencies even when they were not directly targeted by sanctions.

 

https://www.telegraph.co.uk/business/2022/09/02/boss-ben-van-beurden-step-next-year-live-updates-ftse-100/

[Rico1304]

Another consequence of not paying and energy retailers going under would be all those who have managed to fix on a decent rate would lose that fix. 

[Strontium]

Much of what our governments do is shocking to me, but I'll never get my head around the idea of putting your energy security at the mercy of a hostile foreign power. Genuine insanity. 

[RJ Fan club]

[Paulie Dangerously]

The French fully nationalise EDF to help their people. Those bloody frogs, holding up Calais, can't trust them!