Richard Murphy says:
September 3 2022 at 6:50 am
When the means to settle bills is it available money is what in short supplyWe have ample energy in contrast, but is is overpriced by market manipulation
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We’ve plenty of energy around sez ‘ee. News to everyone else of course.
Richard Murphy says:
September 3 2022 at 8:38 am
Is there a real shortage of gas?Where?
it’s the perspicacity that’s so impressive, isn’t it?
He has a point about market manipulation – the idiotic government (and previous) has fucked up the energy market with price caps, Net Zero lunacy and sanctions.
We have ample energy in contrast, but is is overpriced by market manipulation
The global energy market has been manipulated by stupidity. We have ample energy in the form of coal. Unfortunately global leaders have jumped on the climate change band wagon rushing to out do each other and declare that they will stop burning coal now. This obviously increases demand for gas. As a masterstroke they then go on to damage gas supply by declaring an end to burning gas by 2035 or sooner. This makes investment in gas infrastructure imprudent and constrains supply. In 2021 alone plans for about a dozen LNG terminals were canceled. They had a combined capacity of over 250 million tons of gas per year.
Is he really going to gloss over the fact that, under Sustainable Cost Accounting every single gas supplier would be insolvent?
https://euracoal.eu/info/country-profiles/united-kingdom/
How much energy do you want?
Hard coal
Coal stocks and cooling towers at Uniper Ratcliffe power station, Nottingham, UK © Charles Gibson | Dreamstime.com
The UK has identified hard coal resources of 3 910 million tonnes, although total resources could be as large as 187 billion tonnes. There are 33 million tonnes of economically recoverable reserves available at operational and permitted mines, plus a further 344 million tonnes at mines in planning. There are also about 1 000 million tonnes of lignite resources, mainly in Northern Ireland, although no lignite is mined. This significant coal resource base is, however, rendered largely irrelevant by policies designed to drive coal out of the energy mix and a hostile planning environment for surface mines.
Is he really going to gloss over the fact that, under Sustainable Cost Accounting every single gas supplier would be insolvent?
Yes, I believe he is.
When the means to settle bills is it available money is what in short supply
Channeling his inner Joe Biden.
Aaa
Candidly he is – SCA was last week. This week he alone is showing us the key to ‘surviving 2023’.
It involves the state employing him and taking care of his (lack of)pension provision as a first step then we go from there (naturally)
Does he not understand that there are only ever two reason why prices are ‘high’?
1. Demand is outstripping supply – so there isn’t plenty of energy available
2. Someone with a gun is constraining competition.
Spud clearly has a secret but well paid consulting gig for the German government.