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"Gas Armageddon": Energy/electricity prices in EU/UK (and how to deal with them)
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wraper:

--- Quote from: Marco on September 13, 2022, 01:16:10 pm ---The problem isn't people like us, the problem is for people with minimal income in the low income EU countries.

People on welfare here have more income than average workers in Latvia, normally cost of living compensates but energy is dominating and equalizing between richer and poorer countries. They have more wood, but that doesn't help a pensioner without a fireplace.

--- End quote ---
Not to say our winter is much colder than in Netherlands or UK and heating season is longer too.
Marco:

--- Quote from: SilverSolder on September 13, 2022, 12:26:13 pm ---Cooler heads need to prevail, and it's worth thinking about as you go about your daily business...

--- End quote ---

Cool heads will be judged by history, appeasement has its own risk. Donbass could be the Sudetenland of WW3.
BravoV:

--- Quote from: langwadt on September 13, 2022, 12:08:13 pm ---is the current situation really much worse than the oil crisis and recession of the early 70's and 80's ?

--- End quote ---

Don't think you can compare that, this time is different animal.

According to Financial Times (an UK based news outlet that anti Russia btw) ...

-> https://www.ft.com/content/6e86c7ff-4a01-433b-84d9-a6115adca0c1

In this news shows this picture below of each EU countries gas consumption, while the mission is cutting Russia dependency (pink colored), say down to zero, the problem is for how long EU countries are "willingly" to endure the pain and damages during that transition period ? The bigger and richer the country, like German, the bigger the damages.

According to Brussels, this may take 5 to 10 years.  :o

Click image to enlarge

Siwastaja:

--- Quote from: wraper on September 13, 2022, 10:33:22 am ---I would not call it extra EUR 100.

--- End quote ---

Yet, it might end up being not much more than that. We are getting scaremongered and seeing scaring signs, yet:

* If food price increase is really just about inflation, as it is called by media, and not stagflation, wages will follow. Even though it is more expensive in EUR, it's not more expensive in real price. Of course, there is a delay, which is also why hyperinflation is an actual problem, but no one knows if we are gonna see that.

* Huge energy price peak will likely remain a short peak, a panic reaction of the market, plus then the "new normal" where the era of ridiculously under priced fossil energy is over, good riddance. For example, electric energy price to the consumers went here from 0.05EUR/kWh to 0.40EUR/kWh or so, but the companies secured futures for ~0.30EUR/kWh for the winter, and get this: back to ~0.15EUR/kWh for the spring. So consumer prices will more or less follow.

And now that we have more motivation than ever to solve the energy problem, solutions will be seen. There are so many obvious low-hanging fruits to pick, just limited by the fact no one wanted to invest even 1000EUR to any energy upgrade because of ridiculously cheap gas.

I kinda like role playing this survivalist game, but to be frank: I believe tszaboo will be much closer to what will actually happen, than the... collapsists. Boring, I know.
SilverSolder:

--- Quote from: Marco on September 13, 2022, 01:56:56 pm ---
--- Quote from: SilverSolder on September 13, 2022, 12:26:13 pm ---Cooler heads need to prevail, and it's worth thinking about as you go about your daily business...

--- End quote ---

Cool heads will be judged by history, appeasement has its own risk. Donbass could be the Sudetenland of WW3.

--- End quote ---

Appeasement is wrong, and resorting to violence as the first response is also wrong.  Life (and relations) isn't black and white...  which is what cool heads know, and the extremes never get, being so excitable.
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