Re: The energy crisis
 

Still waiting for the list of massive profits that the UK domestic energy SUPPLIERS are making.
New supplies of gas? There's a worldwide shortage. That is the reason for high prices.:rolleyes: Although I do wonder that if there are shortages, who is going without?

How exactly do city bonuses fuel inflation? They are taxed anyway. At least they are generating the income to pay those bonuses.

Germany is looking at a 20% reduction in gas usage, AND a 20% reduction in gas going through their pipelines to other countries, and even then, they are having to look at the priority of which industries might have to shut down.

Re: The energy crisis
 

You’ve been told this is a pointless, arbitrary distinction (as opposed to considering the market as a whole) that has no value to the discussion.

---------- Post added at 08:25 ---------- Previous post was at 08:24 ----------

Socialism for fat cats. Nationalise the losses, privatise the profits. The banking crisis all over again.

How about we privatise the losses and nationalise the profits?

Re: The energy crisis
 

Yeh, unlike those useless teachers, doctors, nurses, train staff - all they do is educate future generations, save lives, get people to work; where’s the income generation in that?

Re: The energy crisis
 

The claim is that the bonuses fuel inflation, they don't, so somebody is telling fibs. The bonuses are already funded, all the other large pay demands are not.
It is large pay rises for larger groups, that would fuel large pay demands from others, and therefore fuel inflation. Where is all the money expected to come from? Higher taxes?
What was the "solution" for double digit inflation under a previous Labour government? Below inflation pay rises(agreed with the Unions:confused:) and what would now be called austerity.

Re: The energy crisis
 

I think you have quoted the wrong post, did you mean to quote jfman's?

---------- Post added at 10:35 ---------- Previous post was at 10:13 ----------

I think we'll see many shops and hospitality outlets having to reduce their hours and some handing back the keys. And still the Conservative Party leader challengers are against onshore wind turbines.

https://www.bbc.co.uk/news/business-61743920

Re: The energy crisis
 

Interesting read on what other countries are doing.

https://www.bbc.co.uk/news/61522123

Re: The energy crisis
 

During the build-up to this massive price increase, and all the way up to now, the one thing I still haven't heard mentioned is O.P.E.C.

It's all being blamed on individual companies and governments.

Re: The energy crisis
 

Another interesting read - this site has been collecting data on energy prices in Europe since 2009.

https://www.energypriceindex.com/

In it's latest press release, it has a graph of consumer electricity prices throughout Europe.

https://publuu.com/flip-book/6678/108615/page/1

https://www.cableforum.uk/board/atta...8&d=1660213717

https://www.cableforum.uk/board/atta...9&d=1660213999

Re: The energy crisis
 

The clue might be in the name - Organization of the Petroleum Exporting Countries ;)

They are Oil/Petroleum, not Gas...

Re: The energy crisis
 

I think that there is one point that demonstrates that the whole privatised energy sector is a scam and that is whilst the UK produces nearly 50% of renewable electricity, where the production costs are not impacted by oil/gas prices, the price of electricity presented to the consumer is rising in line with gas.

Re: The energy crisis
 

Link


---------- Post added at 12:50 ---------- Previous post was at 12:48 ----------

They also produce Gas, which can nowadays be shipped around the world in LNG tankers.

---------- Post added at 13:00 ---------- Previous post was at 12:50 ----------

How can they offer "lower bills" using non-existent profits? How many energy suppliers have UK based parent companies in the first place?

If you were to do a survey asking which supplier people had, and asked if that supplier making "massive profits", what do you think they would say?
So who apart from me, and perhaps a few others, ISN'T saying that the suppliers are making "massive profits"?

Re: The energy crisis
 

Gordon Brown has suggested nationalising them if they can't.

Re: The energy crisis
 

So how many could?:rolleyes: He is still promoting the LIE, that the SUPPLIERS are making "massive profits".

Re: The energy crisis
 

He's coming up with a solution to the problem which you're not. If they cannot afford it, he's offering to nationalise them. That would settle your argument conclusively.

Re: The energy crisis
 

The Labour answer to everything. ;)

So how precisely would it help ? and how would it be paid for ?