| General > General Technical Chat |
| "Gas Armageddon": Energy/electricity prices in EU/UK (and how to deal with them) |
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| BravoV:
--- Quote from: tom66 on September 05, 2022, 10:14:36 am ---So Nord Stream 1 is now off for good, "oh no, an oil leak was discovered Vlad! We'll have to switch it all off!" And the price begins to climb again: https://tradingeconomics.com/commodity/eu-natural-gas Can the EU survive with NS1 off for the rest of the year? There's enough gas storage in Germany to survive the winter but what about next spring, summer, etc? There will be still demand from heavy industry, if any is still economically viable. --- End quote --- Steel furnace plants in German already stopped operation and being closed down just few days ago, feel sorry for the workers. :-\ -> https://www.wsj.com/articles/arcelormittal-closes-two-steel-plants-amid-european-energy-crisis-11662136823 -> https://www.reuters.com/business/energy/arcelormittal-shut-blast-furnace-german-plant-gas-prices-soar-2022-09-02/ While in UK according to Bloomberg ... -> https://www.bloomberg.com/news/articles/2022-09-02/six-in-10-british-factories-at-risk-of-going-under-as-bills-soar |
| tom66:
Huge concerns if fertiliser production falls, I hope that there is some intervention soon. Also in regards to Groningen gas field, I thought it was (a) quite close to depletion and (b) causing subsidence/earthquakes, and therefore extracting more gas is going to be a challenge (both politically and economically) |
| themadhippy:
--- Quote ---I hope that there is some intervention soon. --- End quote --- That all depends on how much the company's involved have "donated" to the tory party |
| Nusa:
Totally predictable result of weaponizing the economy, aka sanctions, when you know beforehand that the other side has some aces up their sleeve. |
| Faringdon:
--- Quote ---Wind power contributed 24.8% of UK electricity supplied in 2020, having surpassed coal in 2016 and nuclear in 2018. It is the largest source of renewable electricity in the UK. --- End quote --- So 25%....so why not build another 3 x what we already have?...then isnt that close to 100% of elec supplied by wind?.........ditto other countries...like Denmark where 47% elec is by wind. Denmark owns Greenland, which has an arctic coast, with loads of fossil fuels, which they could start flogging to us all if they wanted. Or is it a NIMBY question... And what about fracking? I dont care if they frack under my bed, get the frackers back! And solar isnt being used enough either, in all countries. Why not more tidal lagoons like Swansea Bay... https://en.wikipedia.org/wiki/Tidal_Lagoon_Swansea_Bay |
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