Posted on 01/08/2022 10:06:51 AM PST by george76
Skyrocketing gas prices are sparking major concerns in the UK, with households bracing for higher bills and food prices.
The energy crisis has already hit millions of Brits, but is set to hit more still.
The UK is highly dependent on consumer spending to generate output, indicating the economy could still be in the mire heading into the spring.
A wave of concern over the swelling cost of living is sweeping across Britain. While households are bracing for higher tax bills and are already being stung by food prices leaping, it is swelling energy costs that will hit hardest in 2022.
The UK’s benchmark gas prices have quintupled since January 2021, leaping from £54 per therm to £245 per therm in December 2021.
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Britain imports a large proportion of its gas supplies from the Continent who, in turn, rely on Russia for around 35 percent of their own natural gas flows.
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its primary source of renewable energy is wind power, which is volatile at best. During an unseasonal windless winter it has underperformed significantly
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The energy market is highly inefficient due to the intrusion of government policy.
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The energy crisis has already hit millions of Brits, but is set to hit more still.
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The burden of a higher cost of living will predominantly fall on lower income households as they tend to spend a greater proportion of their income on essentials.
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Household budgets for spending on non-essential goods will shrink as they divert more money toward paying higher energy tax bills.
The UK is highly dependent on consumer spending to generate output, indicating the economy could still be in the mire heading into the spring – just when the cost of living blizzard and energy price cap hike are set to materialise.
(Excerpt) Read more at oilprice.com ...
Good for “Limeyland.”
Climate change is a British creation and now “the chickens are coming home to roost.”
This organized stupidity didn’t come from Russia & China.
It costs about $5 MMbtu to turn gas into a liquid and ship it via a tanker. So there is a minimum price that must be met to make the transport costs worth it. With gas available here at $3.75 MMbtu and the UK willing to pay upwards of $24 MMbtu every LNG train on the Gulf and East coast’s are running flat out to sell in that market. To do otherwise is a failure of due diligence for your stock holders.
And the UK similarly sits on enormous coal deposits.
Oh, and what of nuke power?
Never mind.
Thousands of people in the UK are dying from the cold, and fuel poverty is to blame
https://www.theguardian.com/commentisfree/2020/feb/27/dying-cold-europe-fuel-poverty-energy-spending
My lake house is down wind from a former modern coal plant. You cannot eat the fish from the lake due to Mercury from the smoke stacks and those stacks had scrubbers. Mercury is not abated by scrubbers in any significant quantity you must use very expensive dedicated catalytic flyers units and even those added on only grab 90% the other 10% still ends up in the local community and comes raining back down in the watersheds. Coal is best left in the dust bin of history. The only technology that can burn coal at anywhere near the cleanliness of natural gas is integrated gasification plant those are no where near economically competitive with natural gas turbines.
One of dozens of emissions studies from real state of the art plants. Not even in the same league as clean burning natural gas. Society correctly decided coal is finished the sooner the better for our air and waters.
https://pubmed.ncbi.nlm.nih.gov/16289297/
I had pretty much the same thought, but generally do not respond to comments to my columns. Few people are willing to put it on the line. More agree with me than disagree.
While households are bracing for higher tax bills and are already being stung by food prices leaping, it is swelling energy costs that will hit hardest in 2022.
Boris the Foot-shooter to the rescue!
Just lock more people out of the economy. Problem solved. Blame it all on some dirty Jew or um unvaxed. See it’s simple to solve um blame.
I get more comments whenever I take on environmental subjects than anything else. Almost always, it's from someone who gets part of his or her income from a "green" source. I don't even try to counter them anymore. Most contradict themselves and destroy their own credibility.
Yeahni used to,run a blog where I tried to get the word out about the truth of climate change. The greenies became obnoxious and nasty about the posts, and it became clear that tye lie of ‘man-caused’ climage change was not going to be stopped because the left had succesfully gaslighted the world into,thinking that man is responsible for what is a natural cyclical process. So I dropped the blog.
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