- Jan 20, 2015
- Reaction score
Whoa. Looks like you've got one of our good old fashioned "high plains blizzards" goin' on there Ian. That's quite a blow. Bundle up.
Can't believe they can raise energy prices that much and expect anyone to "just adjust" to it. Especially not those on limited or fixed incomes. Is their any solution through governmental intervention or subsidies?
We're seeing some pretty significant cost increases here as far as gas and groceries, etc. but the real cause isn't what the media keeps harping on. It's all the damn COVID profiteering not a new inflation cycle.
It's much cooler here today with a bit more cloud cover. At just past 10:00 AM it's 50F now but we'll only hit a high of 54F all day then warm up back into the 60Fs tomorrow. Still very nice for late November.
Yes a lot of people on fixed incomes are going to struggle this Winter, It's been a perfect storm regards energy over here in the UK/ Europe. Quite a lot of factors came into play all at once, Historic low reserves over here as well as the the emissions problem. One of the biggest factors in the huge rise in wholesale gas prices is more & more countries are ditching coal fired power stations & converting them to gas fired especially in the Asean countries, South Korea has recently announced they'll shutter 30 coal power plants which will add to the problem even more.
It's a grey icy morning here with top temps of 1C with snow forecast for later today, At least that incessant wind has abated.
There are more & more countries buying on the wholesale market especially China who have said they'll buy every shipment of gas they can get their hands on so the price has sky rocketed.