 |
By (user no longer on site) OP
over a year ago
|
What if... As a collective, we decided not to pay our gas and electricity bills for 2 months starting April 2022 (keep the money you would have paid in a pot). Would the system break? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I am not an expert in the oil market specifically. If there are others who can correct me on the following, please do so.
Price of oil has surged in recent months and projected to rise higher. The key word being "projected".
Some reasons cited by analysts are:
* Rising Russia-Ukraine tension
* Less impact on demand than had been feared from Omicron
* Poor production from Brazil and Norway
* OPEC lagging in their ramping up of supplies to meet demand
* OPEC spare capacity (their ability to increase production) being at the lowest since 2000
This is why utilities companies have been on a panic attack by projecting costs will rise to 3x what they are now. The energy companies buy their energy supplies from the market in 'blocks' and try to formulate a price contract for customers based the market projected prices.
It means they must price the customer's contract price in advance. This is why the smaller utilities suppliers fail when market energy prices start rising beyond their ability to supply to customers at the contract price they have signed up to.
Hence the reason energy suppliers are escalating their unit costs in their contract prices by the astronomical amounts that have been announced in the news recently.
I said the key word in my opening is "projected". This is based on what analysts in the oil industry think will happen given the data they have for demand, supply and geo-political tension.
The are other factors that may help bring crude prices down. Smaller oil producers may be able to come online again as the price of oil reaches a sustainable level for them to stay profitable. Hopefully, more than 'projected' will do this to boost supply.
Fracturing technology may improve to make this method more palatable to the public, which would massively increase supply.
It's heartbreaking to see people worry so about their energy prices skyrocketing and how it will affect the ability to even stay warm properly. I only hope Russia and Ukraine sort themselves out as this will alleviate some price concerns in the oil market, supplies can stop being disrupted by Covid and the spare capacity and stockpile can be restored. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *arrapsMan
over a year ago
port talbot |
Successive governments from 1990 onwards failed to plan for our energy supplies. Many perfectly good coal power stations were destroyed, nuclear plants shut down, and oil and gas fields in the North Sea left untouched.
All the greens and climate lobby are saying “ great let’s have more renewable energy “ …. What a load of Tosh !!!
Let them explain to the ones who cannot afford to heat their houses why we are in this situation
Action is needed now, Restart fracking, don’t close any more power stations, restart drilling in the North Sea, start building SMR’s, unless we act now, in the words of private Fraiser “ We’re doomed “ |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Britain has plenty of gas we just sell it elsewhere for a better price. I am stocking up on candles, wolly jumpers, logs and a grumpy expression. Fuck their fuel. (Till about Novemeber when I do like the heating on) |
Reply privately, Reply in forum +quote
or View forums list | |
"All the greens and climate lobby are saying “ great let’s have more renewable energy “ …. What a load of Tosh !!!
Let them explain to the ones who cannot afford to heat their houses why we are in this situation
Action is needed now, Restart fracking, don’t close any more power stations, restart drilling in the North Sea, start building SMR’s, unless we act now, in the words of private Fraiser “ We’re doomed “"
Your more than welcome to have fracking done under your feet but dont expect others to have it under theres.
https://www.youtube.com/watch?v=VK6_YPA96XA
loose your house to fracking and insurance wont pay out as its classified as act of god
disused mine shaft
https://www.youtube.com/watch?v=wtg3Glir254
as goes for energy greens they may speak the speak but they dont do the speak.
It would be interesting to see them walk and goto bed at dark times instead of there cars and transport to get around. |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
