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Post by Red Rackham on Jul 7, 2023 14:36:05 GMT
Sir Jim Ratcliffe has described UK energy policy as “crap” in his latest criticism of the country’s business environment. The billionaire owner of the Ineos chemicals group accused the British government of ignoring scientists by banning fracking, and of deterring investment in North Sea oil and gas through windfall taxes. “Whether we like it or not, we cannot survive without hydrocarbons as that is 85 per cent of our energy base in the UK,” he said. Government data puts this figure at 75 per cent. “Energy policy is complex, but it’s not rocket science, you are not going to be able to power the whole of the UK on wind.” By contrast, he said, the US had “got most of it right” in terms of energy policy, having kept prices low by exploiting its own resources. www.ft.com/content/a2034753-d9f5-44cd-8bd2-ddb5d76b88c8I doubt anyone other than disruptive pampered lefties would disagree. |
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Post by sheepy on Jul 7, 2023 14:41:03 GMT
I didn't hear global commodity brokers complaining, well I guess I wouldn't, they made an absolute killing yet again.
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Post by Red Rackham on Jul 7, 2023 17:14:16 GMT
I didn't hear global commodity brokers complaining, well I guess I wouldn't, they made an absolute killing yet again. So tell me sheepy, what have commodity brokers got to do with anything in the OP? |
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Post by sheepy on Jul 7, 2023 17:21:20 GMT
I didn't hear global commodity brokers complaining, well I guess I wouldn't, they made an absolute killing yet again. So tell me sheepy, what have commodity brokers got to do with anything in the OP? I will tell you as you asked, they pushed prices without a care in the world while taking full advantage of the situation in Ukraine while Uncle Joe sent ships loads of gas and other needed commodities at the highest cost yet known in a winter when the other choices were non existent. Hows about that then? While you are shouting the odds on behalf of the yanks. |
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Post by Pacifico on Jul 7, 2023 17:32:22 GMT
So tell me sheepy, what have commodity brokers got to do with anything in the OP? I will tell you as you asked, they pushed prices without a care in the world while taking full advantage of the situation in Ukraine while Uncle Joe sent ships loads of gas and other needed commodities at the highest cost yet known in a winter when the other choices were non existent. Hows about that then? While you are shouting the odds on behalf of the yanks. That was the choice of the UK Government - we could have been energy self sufficient but the policy was to make us reliant on unreliable renewables and imported energy. You reap what you sow. |
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Post by Red Rackham on Jul 7, 2023 17:41:12 GMT
So tell me sheepy, what have commodity brokers got to do with anything in the OP? I will tell you as you asked, they pushed prices without a care in the world while taking full advantage of the situation in Ukraine while Uncle Joe sent ships loads of gas and other needed commodities at the highest cost yet known in a winter when the other choices were non existent. Hows about that then? While you are shouting the odds on behalf of the yanks. Wait a minute, you're going off on a tangent. I never mentioned commodities brokers and Sir Jim Ratcliffe is not a commodities broker. He is a very successful businessman who says the governments energy policy is 'crap'. And the only reason Sunak, just six months ago, signed a deal with Biden for the US to supply the UK with 10 billion cubic metres of shale gas is because he hasn't got the balls to extract any of the 'trillions' of cubic metres of shale gas we have in the ground in this country. This is the insanity of our energy policy, and it proves Sir Jim Ratcliffe's point. We have hundreds of years worth of shale gas in the ground in this country, but we import it from thousands of miles away to appease the green lobby. Are you going to tell me this is sensible? |
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Post by johnofgwent on Jul 8, 2023 7:17:17 GMT
I will tell you as you asked, they pushed prices without a care in the world while taking full advantage of the situation in Ukraine while Uncle Joe sent ships loads of gas and other needed commodities at the highest cost yet known in a winter when the other choices were non existent. Hows about that then? While you are shouting the odds on behalf of the yanks. Wait a minute, you're going off on a tangent. I never mentioned commodities brokers and Sir Jim Ratcliffe is not a commodities broker. He is a very successful businessman who says the governments energy policy is 'crap'. And the only reason Sunak, just six months ago, signed a deal with Biden for the US to supply the UK with 10 billion cubic metres of shale gas is because he hasn't got the balls to extract any of the 'trillions' of cubic metres of shale gas we have in the ground in this country. This is the insanity of our energy policy, and it proves Sir Jim Ratcliffe's point. We have hundreds of years worth of shale gas in the ground in this country, but we import it from thousands of miles away to appease the green lobby. Are you going to tell me this is sensible? it WAS when the red wall were so pissed at Labour they voted Tory. Now they won’t do that again for a century they might as well restart fracking as lets face it the north will fall down a pit into hell before it votes tory again so they might as well cause the earthquakes that let them have it their way. I’m just pissed there isn’t any shale gas in Penarth. If a hole opened up and swallowed the welsh first twat garden shed and all i’d be the first to celebrate. |
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Post by wapentake on Jul 8, 2023 8:08:37 GMT
I will tell you as you asked, they pushed prices without a care in the world while taking full advantage of the situation in Ukraine while Uncle Joe sent ships loads of gas and other needed commodities at the highest cost yet known in a winter when the other choices were non existent. Hows about that then? While you are shouting the odds on behalf of the yanks. That was the choice of the UK Government - we could have been energy self sufficient but the policy was to make us reliant on unreliable renewables and imported energy. You reap what you sow. Couldn’t agree more the failure to secure our energy goes back decades and over many administrations |
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Post by sheepy on Jul 9, 2023 6:21:03 GMT
I will tell you as you asked, they pushed prices without a care in the world while taking full advantage of the situation in Ukraine while Uncle Joe sent ships loads of gas and other needed commodities at the highest cost yet known in a winter when the other choices were non existent. Hows about that then? While you are shouting the odds on behalf of the yanks. That was the choice of the UK Government - we could have been energy self sufficient but the policy was to make us reliant on unreliable renewables and imported energy. You reap what you sow. wouldn't have made a blind bit of difference prices are set on a global marketplace so even if you produced shale gas it would be part of a global market price. As it wouldn't be under government control.Jim is talking out of his backside. |
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Post by Pacifico on Jul 9, 2023 6:35:58 GMT
That was the choice of the UK Government - we could have been energy self sufficient but the policy was to make us reliant on unreliable renewables and imported energy. You reap what you sow. wouldn't have made a blind bit of difference prices are set on a global marketplace so even if you produced shale gas it would be part of a global market price. As it wouldn't be under government control.Jim is talking out of his backside. Hmm, so British exceptionalism would mean that the UK would be the only country in the world that is self sufficient in energy that didnt have cheap fuel prices..  |
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Post by sheepy on Jul 9, 2023 6:41:17 GMT
I will tell you as you asked, they pushed prices without a care in the world while taking full advantage of the situation in Ukraine while Uncle Joe sent ships loads of gas and other needed commodities at the highest cost yet known in a winter when the other choices were non existent. Hows about that then? While you are shouting the odds on behalf of the yanks. Wait a minute, you're going off on a tangent. I never mentioned commodities brokers and Sir Jim Ratcliffe is not a commodities broker. He is a very successful businessman who says the governments energy policy is 'crap'. And the only reason Sunak, just six months ago, signed a deal with Biden for the US to supply the UK with 10 billion cubic metres of shale gas is because he hasn't got the balls to extract any of the 'trillions' of cubic metres of shale gas we have in the ground in this country. This is the insanity of our energy policy, and it proves Sir Jim Ratcliffe's point. We have hundreds of years worth of shale gas in the ground in this country, but we import it from thousands of miles away to appease the green lobby. Are you going to tell me this is sensible? No I am explaining how it works what Sir Jim is bothered about is profit as he is probably deeply invested in shale gas, not little old you,I cannot be bothered to explain how globally that creates a different market via sanctions or why China is building coal fired power stations.So it can be more self sufficient. |
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Post by sheepy on Jul 9, 2023 6:49:13 GMT
wouldn't have made a blind bit of difference prices are set on a global marketplace so even if you produced shale gas it would be part of a global market price. As it wouldn't be under government control.Jim is talking out of his backside. Hmm, so British exceptionalism would mean that the UK would be the only country in the world that is self sufficient in energy that didnt have cheap fuel prices.. Sure it would but wait,the UK exported gas last summer at cheap prices and had to buy it back at hugely inflated prices last winter because we don't have storage facilities for it. |
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Post by thomas on Jul 9, 2023 7:40:06 GMT
Hmm, so British exceptionalism would mean that the UK would be the only country in the world that is self sufficient in energy that didnt have cheap fuel prices.. Sure it would but wait,the UK exported gas last summer at cheap prices and had to buy it back at hugely inflated prices last winter because we don't have storage facilities for it. So the uk suffered due to long term poorly thought out energy policies rather than being at the mercy of international markets you say?
Once agin , the closing down of storage facilities started under new labour and another of blairs great ideas , and carried on with the tories. You know back in the day when blair and many other countires were courting putin to sell his gas into european markets ?
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Post by Pacifico on Jul 9, 2023 7:44:55 GMT
Hmm, so British exceptionalism would mean that the UK would be the only country in the world that is self sufficient in energy that didnt have cheap fuel prices.. Sure it would but wait,the UK exported gas last summer at cheap prices and had to buy it back at hugely inflated prices last winter because we don't have storage facilities for it. You dont need so much storage if you are cosntantly pumping it out of the ground domestically - large amounts of storage capacity are only needed when you are reliant on intermittent imported supplies. |
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Post by thomas on Jul 9, 2023 8:00:10 GMT
Sure it would but wait,the UK exported gas last summer at cheap prices and had to buy it back at hugely inflated prices last winter because we don't have storage facilities for it. You dont need so much storage if you are cosntantly pumping it out of the ground domestically - large amounts of storage capacity are only needed when you are reliant on intermittent imported supplies. What utter garbage. Gas storage is crucial to guarenteeing security of energy supplies. The uk has among the worst of europes gas storages facilities , and many experts have said repeatedly that this then leaves the uk further exposed to volatility i nthe markets and at increasing risk of shortage.
The tories have been trying to deny any link between lack of storage and price hikes for years. Couple this with the poorly thought out overall energy policy , where both labour and tory flip flop between the status quo , nuclear and renewable , with long term energy security sacrificed for short term gain , and we see why we have such a disaster regarding energy.
Labours latest brilliant idea under starmer is to trun scotland into a giant wind farm for englands benefit , yet again showing how your country is at the mercy of others with energy security.
www.theguardian.com/business/2021/sep/24/how-uk-energy-policies-have-left-britain-exposed-to-winter-gas-price-hikes
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