Rising Energy Prices

rintelen

I've been researching these price rises. This is just my opinion, take it or leave it. But I've been in the energy industry for 13 years.

It seems to be quite simple: oil is becoming scarcer due to growing yearly demand abroad. As oil gets scarcer its price tends to rise over time. The general rule being doubling roughly ever 10 years. Since oil is used to extract gas and coal, and for producing food, all other aspects of economic growth are affected. In other words there will be NO REAL ECONOMIC GROWTH FROM NOW ON. Whatever we believe or want, this is a consequence of the points raised above. This will mean that investors will create financial bubbles such as the one in American with Tight Oil and Tight Gas (sometimes called Shale oil and Shale gas) where investors are told that they'll get 100-200 years worth of fuel when in fact ALL the old wells are already declining after just a few years of operation; this means that by 2035 they'll need over 65,000 of them to keep to their promises. It's never going to happen! In fact I've worked out that in about 5-6 years it's all over for shale oil. That's it. Yet a huge financial bubble has been created over this. (See the likes of Richard Heinberg on this subject for example). This financial bubble will be the start of the second great depression/inflation where the rich get richer and the poor get poorer, but everyone starts paying more for energy! I expect to hit by 2018 or 2020. That's not long away since this problem like the last one will start on Wall St and migrate into Europe, India and China.

We can however prepare. There's lots of Green Deal Providers. There's loads of ways we can insulate our homes now externally and pay it back on our electricity bills out of the savings it makes. There's renewable energy like solar PV or solar hot water heating. Businessness can get involved as well.

If we all just sit around on our hands and do nothing remember this: the more you waste the quicker the oil and gas run out. Even if Climate Change isn't true (which I believe it is true) humanity is going to fall off a huge oil cliff (when oil becomes too expensive to harvest and investors are wise to the claims of the Snake Oil marketers) around 2050.

Let's face it, we have to enact energy efficiency in our homes now if we want to survive the price hikes that are surely to hit like a storm in just a few years in my opinion.

Richie-from-the-Boro

rintelen wrote: »

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- so first time poster rintelen thinks Armageddon is due week on Friday, lets see what his suggestion is !
- oh yes, another 1st time poster thinks there are lots of 'Green Deal Providers' we should give our money to
- and s/he's been in the energy industry for 13 years and wants us to 'prepare' by enacting energy efficiency in our homes now
- now now now now - get on the phone - pay lotsa money now now, get into debt for years, go on you know you want to !
- go on put your home in hock to the banks, you'll never sell it - I wouldn't pay someone else's debt would you ?
- don't just sit around on our hands and do nothing, get yer wallets out folks, loads a people wanna sell you Green stuff

As you say .. .. "just my opinion"