Trying to freeze utility prices - can a labour supporter please explain how?

grizzly1911

dryhat wrote: »

Hence the war in Syria - funded by America and Saudi Arabia with the aim of building a pipeline into Europe.

I had heard that too the tussle being between the West and Russia, played on the Syrian field, as to the direction, destination and control of pipelines.

Wasn't that one of the issues in Afghanistan and one of the reasons for the Taliban getting upset when frozen out (or something similar) by the US corporates?

I would like to think it was all local issues but I just don't know.

CLAPTON

Moby wrote: »

Until it all runs out of course.

and your point is?

OPEC resources will run out too

the sun become a red giant in 5000 million years too when you will be toast

CLAPTON

grizzly1911 wrote: »

As yet no ones what is actually capable of being extracted or the costs associated with it.

Not me - Many sources suggest it will not make much difference here as supply will be fed into the European interconnect network,where it can be sold to the highest bidder.Our suppliers will continue to purchase form that network at the going price.

Even put into tankers as LNG and shipped around the world.

One example.

http://www.independent.co.uk/news/business/news/fracking-unlikely-to-give-uk-cheap-gas-report-says-8582089.html

give me strength

the cost of oil and gas is not determined by UK resources


I made NO reference to UK fracking

grizzly1911

CLAPTON wrote: »

I made NO reference to UK fracking

True you didn't as we were talking about UK energy supply I thought you were on topic.

CLAPTON

grizzly1911 wrote: »

True you didn't as we were talking about UK energy supply I thought you were on topic.

The price of oil and gas is NOT determined by the UK : it is a GLOBAL Market.

OPEC does not set its prices with specific regard to the UK.

So if fracking takes of in USA, Canada, Poland, China, India, Africa, Ukraine, Finland etc is will reduce their demand for oil and gas and indeed provide some export volume

now if this is in sufficient volume this will REDUCE the GLOBAL demand of oil and gas from OPEC; this will reduce the price for all other countries unless OPEC reduce their supply in equal measure

so even if the UK does no fracking itself the price of oil/gas imported will fall.

did you not know this?

grizzly1911

CLAPTON wrote: »

The price of oil and gas is NOT determined by the UK : it is a GLOBAL Market.

OPEC does not set its prices with specific regard to the UK.

So if fracking takes of in USA, Canada, Poland, China, India, Africa, Ukraine, Finland etc is will reduce their demand for oil and gas and indeed provide some export volume

now if this is in sufficient volume this will REDUCE the GLOBAL demand of oil and gas from OPEC; this will reduce the price for all other countries unless OPEC reduce their supply in equal measure

so even if the UK does no fracking itself the price of oil/gas imported will fall.

did you not know this?

Truly amazing.

I won't hold my breath you can if you want.

As global demand is increasing I am sure supply will be carefully throttled as necessary should over capacity become apparent.

michaels

CLAPTON wrote: »

The price of oil and gas is NOT determined by the UK : it is a GLOBAL Market.

OPEC does not set its prices with specific regard to the UK.

So if fracking takes of in USA, Canada, Poland, China, India, Africa, Ukraine, Finland etc is will reduce their demand for oil and gas and indeed provide some export volume

now if this is in sufficient volume this will REDUCE the GLOBAL demand of oil and gas from OPEC; this will reduce the price for all other countries unless OPEC reduce their supply in equal measure

so even if the UK does no fracking itself the price of oil/gas imported will fall.

did you not know this?

Funnily enough gas prices in the US are much lower than Europe because there is no infrastructure in place to export the gas - some terminals were built to import the stuff when it looked like the US would be a net importer and there are some moves to set up the ability to use this for exporting but the economics of gas container shipping are not great. IN some parts of the US they are simply burning off the gas when fraking for oil because the current low prices do not support the cost of the infrastructure to bring it to market...There has even been a divergence between the oil prices in the US and Europe which used to be very similar as a result of the increased US supply and lack of infrastructure/shipping costs.

CLAPTON

grizzly1911 wrote: »

Truly amazing.

I won't hold my breath you can if you want.

As global demand is increasing I am sure supply will be carefully throttled as necessary should over capacity become apparent.

I do share some of your concern about government cartels.

kabayiri

Personally, I see fracking as one of the few viable methods of securing our short/mid-term energy needs, and perhaps achieving a measure of price stability.

If fracking also brought some industry back to these shores, as it has done in the US, we would also see wider economic benefits.

Renewables may have their place, but the recent consultation document between the renewable providers and government has secured a subsidy which in some cases is 6 times the spot price for electricity. That subsidy has to be picked up by someone, somewhere, and it's usually the consumer.

Political fiddling in prices; that's not a solution to anything.

JohnRo

They said the same about bio fuels. Look how well that environmental disaster has gone.

Fracking is massively over hyped by the industry and MSM

http://www.theguardian.com/environment/earth-insight/2013/jun/21/shale-gas-peak-oil-economic-crisis