Energy Twattery
#21
(12-23-2021, 12:16 PM)SophLad Wrote: Is "energy guy" Tory for coke dealer?

Don't think BoJo or Gove are Albion fans
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#22
(12-23-2021, 12:26 PM)Borin' Baggie Wrote:
(12-23-2021, 12:16 PM)SophLad Wrote: Is "energy guy" Tory for coke dealer?

Don't think BoJo or Gove are Albion fans

Twats like them normally support villa, there is a long line of them.
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#23
Protheroe Wrote:Just in from my Energy buyer:


[ul]
[li]Global gas demand still exceeds current supply capacity.[/li]
[li]China has a higher gas dependency than ever before due to is gradual switch from coal.  With rolling power outages across China their energy procurement authorities have allegedly been instructed to ensure reserves (primarily LNG from the Gulf) whatever the cost.  Their current plight has also been exacerbated by the early onset of significant levels of snow (averaging 20 inches) and a fall in temperatures of 14 degrees in the North East of the country.[/li]
[li]Russia has Nordstream2 (a second Baltic pipeline between Russian and Germany) completed and commissioned however little else has changed:
[ul]
[li]Russia is looking to divert gas supplies to Nordstream2 and reduce those supplied via Ukraine and Poland in future years to avoid their transit commissions.[/li]
[li]The EU is under pressure from the Ukraine, Poland and the US who claim that the future diversion of gas transit will weaken the economies (and security) of Ukraine and Poland and have stalled the approval of supplies via Nordstream2.[/li]
[li]Following the German elections the Green Party who hold vital coalition seats in the new Parliament have declared that the pipeline should not be opened due to environmental concerns[/li]
[li]Poland may also be raising objections with the EU as increased gas imports would significantly damage their substantial coal industry which is already under pressure from the green lobby.[/li]
[/ul]
[/li]
[li]As the UK has only 8 days of gas storage the excess receipts from Norway, LNG and remaining UK gas fields are being passed through to the EU gas network via the Belgian pipeline.  EU gas reserves remain at around 77% full.[/li]
[/ul]
 
Some of this made me laugh out loud. It's where all the crap from COP26 meets reality and realpolitik.


I asked my Energy guy what we should be doing, he replied "drilling all of the gas out off Shetland and fracking to fuck".

Did he make a suggestion as to who picks up the  externality costs of said fracking ? All the poison left behind in the ground and water table ?
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#24
[Image: 298108670_1399957320491767_6062033829990...e=631916A8]
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#25
(08-10-2022, 11:11 AM)Protheroe Wrote: [Image: 298108670_1399957320491767_6062033829990...e=631916A8]

I think Derek may need to reconsider his mantra of "simple politics".
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#26
We could really stir the pot by offering EDF more for their electricity than Macron wants to pay....
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#27
(08-10-2022, 12:08 PM)Fido Wrote:
(08-10-2022, 11:11 AM)Protheroe Wrote: [Image: 298108670_1399957320491767_6062033829990...e=631916A8]

I think Derek may need to reconsider his mantra of "simple politics".

There you go bringing me into the conversation again.

You never said what you do? Nothing? You think what we have done is enough?
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#28
(08-10-2022, 12:14 PM)Derek Hardballs Wrote:
(08-10-2022, 12:08 PM)Fido Wrote:
(08-10-2022, 11:11 AM)Protheroe Wrote: [Image: 298108670_1399957320491767_6062033829990...e=631916A8]

I think Derek may need to reconsider his mantra of "simple politics".

There you go bringing me into the conversation again.

You never said what you do? Nothing? You think what we have done is enough?

You brought it up, FFS sake, and Proth has replied with a very current example of why it wouldn't work! 

When you were happily spouting about how the French have got it all right I said I would be happy with targeted support and not to mess with markets. Of course, I didn't expect you read it.
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#29
(08-10-2022, 02:58 PM)Fido Wrote:
(08-10-2022, 12:14 PM)Derek Hardballs Wrote:
(08-10-2022, 12:08 PM)Fido Wrote:
(08-10-2022, 11:11 AM)Protheroe Wrote: [Image: 298108670_1399957320491767_6062033829990...e=631916A8]

I think Derek may need to reconsider his mantra of "simple politics".

There you go bringing me into the conversation again.

You never said what you do? Nothing? You think what we have done is enough?

You brought it up, FFS sake, and Proth has replied with a very current example of why it wouldn't work! 

When you were happily spouting about how the French have got it all right I said I would be happy with targeted support and not to mess with markets. Of course, I didn't expect you read it.

It would work, you would just need to compensate for downstream losses. EDF are making losses in France because their involvement in the downstream energy markets and the fix on rises due to antitrust and consumer cost of living protections enforced on them. As EDF aren't a public department they need to compensate for losses caused by French government losses even though that would end up going to cover EDF's shareholders (i.e. the French government).

That's why I keep referring to a windfall tax, redistribute the war profiteering from UK-based upstream gas supplies (BP, Shell, Centrica) to UK-based downstream suppliers (British Gas, EDF). With Centrica, they cannot even do it themselves to redistribute to British Gas due to UK competition law. But the Tories are useless populist wets incapable of doing anything and just say this is what Thatcher would do, even though Thatcher would actually do what I have suggested as she pretty much did exactly that in 1982 with a windfall tax on upstream North Sea oil markets - except that was due to a regulatory change and not war profiteering and I think we can all agree profiting from war profiteering is much worse than profiteering due to deregulation.
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#30
If Centrica (and shareholders) get penalised for an upstream profit of £1.3bn in the first six months of this year, do Centrica (and shareholders) get a bonus from the government for the £577 million full year loss last year or the £1.1 billion loss the year before? Context matters.
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