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We'll see what happens. The timing is terrible with Europe going into an enormous energy crunch as winter nears too. The fact that multiple countries (Germany
by qbasic_forever 4y ago
We'll see what happens. The timing is terrible with Europe going into an enormous energy crunch as winter nears too. The fact that multiple countries (Germany, UK) are warning citizens and preparing them for loss of power and heating, steps to reduce power usage, etc. this winter is concerning.
- benj111 4y agoThat's an issue of gas, not oil. Oil tends to be transported by tanker so it can be moved where needed. Europe's gas tends to come in via pipeline. Although it is now transported as LNG. Here in the UK petrol prices are dropping while gas prices are still predicted to increase. Also the govt here hasn't been warning about loss of power and heating. We were already importing gas via LNG. And are currently exporting that to the mainland via pipeline aswell as exporting electricity. Short term contracts for gas are (were?) Incredibly cheap because we're receiving more LNG than we can actually pump to the rest of Europe. Unfortunately retail rates depend on longer term contracts.
- qbasic_forever 4y agoYour government is warning you of a power crunch this winter: https://www.bloomberg.com/news/articles/2022-08-09/uk-braces-for-blackouts-gas-cuts-in-january-in-emergency-plan https://www.bloomberg.com/news/articles/2022-08-09/uk-braces...