Energy prices

[Max B Gold]

The pals in the City are ok though, right?

Quids in - but they are willing to share the loot by donating to the Conservative Party.

[Long slender neck]

https://sg.news.yahoo.com/china-facing- ... 46131.html

China- tldr
The price of coal has gone up and they're heavily dependent on it.

[tuffers#1]

[RedDwarf 1881]

Game, set and match to Putin.

[tuffers#1]

Game, set and match to Putin.

[Dunners]

Things are escalating in Eurppe, especially the Balkans.

Kosovo’s largest gas supplier has shutdown all production, Albania has declared a state of emergency, and Serbia is considering a ban on all energy exports to try and protect domestic markets. This will get the attention of the Germans.

China is having to implement factory closures to ration energy usage. This is going to add to the existing supply chain shocks.

Make sure you're all well stocked for winter folks.

[Long slender neck]

Stocked with what? I bought a bag of wood.

[Dunners]

Warm clothing and any products you may need that are dependent upon long distance supply chains. Which is pretty much everything.

[Smendrick Feaselberg]

Two more suppliers go bust - Pure Planet and Colorado Energy.

https://www.bbc.co.uk/news/business-58903122

[Dunners]

One of the main gas shipping companies to the UK is
ceasing all further imports. This is expected to see another 10 to 15 billing ompanies go under within the next couple of weeks.

[Long slender neck]

EU to thank for not approving Putin's pipeline.

[Dunners]

We should never be reliant on Russia. Many European countries, especially Germany (and including the UK) have failed to invest in shale, nuclear and viable renewables.

[Dunners]

One of the main gas shipping companies to the UK is
ceasing all further imports. This is expected to see another 10 to 15 billing ompanies go under within the next couple of weeks.

https://www.bloomberg.com/news/articles ... f=HkIFZ0t4

[Max B Gold]

Even 60% of Tories now agree with Jeremy!! Why is this man not PM?

[Currywurst and Chips]

I thought this was because of Brexit?

Who should I blame now!?

[Currywurst and Chips]

Even 60% of Tories now agree with Jeremy!! Why is this man not PM?

Because he led his party to their worst result for 85 years

HTH

[Max B Gold]

Even 60% of Tories now agree with Jeremy!! Why is this man not PM?

Because he led his party to their worst result for 85 years

HTH

Fair enough. I bet the voters are kicking themselves now given the oven ready shitcake they're now having to eat.

[Currywurst and Chips]

Even 60% of Tories now agree with Jeremy!! Why is this man not PM?

Because he led his party to their worst result for 85 years

HTH

Fair enough. I bet the voters are kicking themselves now given the oven ready shitcake they're now having to eat.

The voting intention polls disagree

[Max B Gold]

Because he led his party to their worst result for 85 years

HTH

Fair enough. I bet the voters are kicking themselves now given the oven ready shitcake they're now having to eat.

The voting intention polls disagree

They must like eating shitcake then. They will tire of it eventually.

[Currywurst and Chips]

Fair enough. I bet the voters are kicking themselves now given the oven ready shitcake they're now having to eat.

The voting intention polls disagree

They must like eating shitcake then. They will tire of it eventually.

Differences aside

Please explain how nationalising energy could have avoided this crisis? Genuinely all ears

I'm all for rail nationalisation for example

[Max B Gold]

The current world crisis was obviously caused by market price hikes following increased demand.

In the UK lack of gas storage facilities exacerbated the situation. The Govt were, as ever too market focused, and left the private sector to reduce storage capacity in a strategic sector instead of ensuring there was adequate storage.

There have been a number of nuclear outages, problems with the UK- France interconnector and less wind leading to a depletion of gas reserves and the need for umpteen companies to go to the market scrambling to buy gas which the market reacted to by increasing prices.

Nationalisation would take a strategic review of energy production and could reduce the reliance on gas and nuclear by investing in green renewable energy (solar, wind, water) and hydrogen. This requires a major initiative the myriad of under capitalised companies cannot do. Their response so far is not big enough or soon enough. They're too busy ripping off consumers and paying out dividends to shareholders instead of investing. Their outlook is too short term and this can't change for them. Govt can take decisions for the long term and have no shareholders to please.

Other advantages:

Eradication of fuel poverty
Elimination of layers of duplication and resource spent on creating a fake market.
Proper regulation. The current one is a total failure.
One buyer with more clout on the international market buying gas.
Worker representation at all levels of the industry
Stabilisation of costs to consumers

60% of Tories agree so it's not controversial.

[Dunners]

Yeah, I’d add to that. The UK also has a particular approach to free-market capitalism that can leave us vulnerable in ways other market economies are better insulated to. I can’t be bothered to explain, but I recently read a book which I thought explained it reasonably well (Two Hundred Years of Muddling Through by Duncan Weldon).

This problem is baked into the DNA of our institutions, so do not expect it to change any time soon. We’re witnessing it right now with our government’s inability to deal properly with the current building safety crisis. An instinctive aversion to state intervention, and for private enterprise to find the solutions almost all the time, means that we’re worse affected by this issue than other countries.

[Ronnie Hotdogs]

Even 60% of Tories now agree with Jeremy!! Why is this man not PM?

Blimey, maybe that Corbyn fella had a point after all.

Its a shame he was such a scruffy dangerous commie terrorist anti-Semitic threat to national security, cos looking back some of his ideas make sense when you think about them with the benefit of hindsight.

[Ronnie Hotdogs]

60% of Tories agree so it's not controversial.

Dunnem has already admitted he approves - who else does, Dohnut or Thorge?

[Currywurst and Chips]

The current world crisis was obviously caused by market price hikes following increased demand.

In the UK lack of gas storage facilities exacerbated the situation. The Govt were, as ever too market focused, and left the private sector to reduce storage capacity in a strategic sector instead of ensuring there was adequate storage.

There have been a number of nuclear outages, problems with the UK- France interconnector and less wind leading to a depletion of gas reserves and the need for umpteen companies to go to the market scrambling to buy gas which the market reacted to by increasing prices.

Nationalisation would take a strategic review of energy production and could reduce the reliance on gas and nuclear by investing in green renewable energy (solar, wind, water) and hydrogen. This requires a major initiative the myriad of under capitalised companies cannot do. Their response so far is not big enough or soon enough. They're too busy ripping off consumers and paying out dividends to shareholders instead of investing. Their outlook is too short term and this can't change for them. Govt can take decisions for the long term and have no shareholders to please.

Other advantages:

Eradication of fuel poverty
Elimination of layers of duplication and resource spent on creating a fake market.
Proper regulation. The current one is a total failure.
One buyer with more clout on the international market buying gas.
Worker representation at all levels of the industry
Stabilisation of costs to consumers

60% of Tories agree so it's not controversial.

Interesting read, thanks