Phil71 wrote:Not just the quick switch to renewable energy that's causing the price hikes. What we also have is a gradual increase in the cost of extracting oil & gas. Every year that goes by increases the amount of energy needed to produce them. If it keeps increasing at this rate we will reach a point where it's not economically viable to extract oil & gas. If that happens before we have a complete replacement we are up shit creek.
We must invest in nuclear. The govt is reluctant to build nuclear power stations because of green pressure. In the meantime we're buying more and more electricity from France, where most of it is generated in nuclear power stations.
Do you know why its becoming more expensive to extract gas and oil? I mean it comes out of the ground so what's making it more expensive, genuine question.
I just think its suspect as hell that this is coming to the fore now, 8 years away from the biggest drop in oil demand in history.
Once the ban on petrol cars comes in force the demand for petrol will crash through the floor.
We're talking millions of car owners around the globe will be getting phased onto never needing petrol ever again ........... and all of a sudden on the dawn of that shut down, we're being told that there's an energy apocalypse.
Seems to me this is one big engineered cash out, any company who produces oil know's the clock is ticking, they already got a taste of the drop in demand during quarantine where they were over storing product because everyone was shut in doors using their cars about 80% less than they usually do.
I think that has shocked the industry into an early view of what 2030 will look like for them and they're milking the oil cow for all its worth.
Creating crisis is what they do for industry wide cash injections, its happened so many times in the last century its getting fkin boring.......... which is why I didn't panic during the fuel crisis or quarantine food crisis, give it a week or two and it'll all go back to normal.
However this time I think it's long hall, they have 8 years to bleed us dry before black gold becomes almost worthless to the general public.