Puzzled by Profits

[Deleted User]

Top North Sea producers - Harbour (formally Chryasor), Total, BP, Shell, Spirit, Ithaca, Apache, CNOOC, ExxonMobil, Repsol.

Which of these are even part of the same group as a major UK energy retailer? 

jj_43

sienew said:

jj_43 said:

sienew said:

jj_43 said:

And your solutions are?

We are only 40% self sufficient in our energy. We need to increase output in the North Sea, or Shale if your a fan. We need to reduce demand. Once we become self sufficient, decouple from international markets, turn off the interconnections, direct any profits into a wealth fund.

 

"we" don't produce any of our energy, private companies do. We don't own them or have any control over them.

"we" meaning the UK. Self sufficiency and decoupling from international markets will reduce energy prices. However to control that you probably do need nationalisation.

"the UK" don't produce any energy. Companies do. The UK doesn't own any energy. It's produced by private companies on private land. Unless you are suggesting we ban exports and make laws to control the price which would completely crash investment and potentially even stop production altogether.

The UK has energy resources, extracted under license.

The energy industry is full of contractions, it wants free markets and enterprise, yet wants guarantees, subsidies and incentives.

There are already price controls, subsidies, cfds, yet the investment continues, tens of billions of investment...paid for by the customer. 

With price controls if they are too low, you get supply shortages, set them too high you get excess profit/too much investment. This is best dealt with by competition. But there are no longer any competitive pressures.

It does take a commercial mind to see how it all fits together.

sienew

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

And your solutions are?

We are only 40% self sufficient in our energy. We need to increase output in the North Sea, or Shale if your a fan. We need to reduce demand. Once we become self sufficient, decouple from international markets, turn off the interconnections, direct any profits into a wealth fund.

 

"we" don't produce any of our energy, private companies do. We don't own them or have any control over them.

"we" meaning the UK. Self sufficiency and decoupling from international markets will reduce energy prices. However to control that you probably do need nationalisation.

"the UK" don't produce any energy. Companies do. The UK doesn't own any energy. It's produced by private companies on private land. Unless you are suggesting we ban exports and make laws to control the price which would completely crash investment and potentially even stop production altogether.

The UK has energy resources, extracted under license.

The energy industry is full of contractions, it wants free markets and enterprise, yet wants guarantees, subsidies and incentives.

There are already price controls, subsidies, cfds, yet the investment continues, tens of billions of investment...paid for by the customer. 

With price controls if they are too low, you get supply shortages, set them too high you get excess profit/too much investment. This is best dealt with by competition. But there are no longer any competitive pressures.

It does take a commercial mind to see how it all fits together.

There is more reason to invest in the UK than ever. The higher the cost of energy, the more it's worth investing as there are no longer "cheap" imports that we have often relied on. If companies were able to make massive profits (like most here seem to claim) producing and selling energy in the UK we would be self sufficient long ago.

jj_43

[Deleted User] said:

Top North Sea producers - Harbour (formally Chryasor), Total, BP, Shell, Spirit, Ithaca, Apache, CNOOC, ExxonMobil, Repsol.

Which of these are even part of the same group as a major UK energy retailer? 

Spirit/Centrica/British Gas
Shell/Shell energy

jj_43

sienew said:

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

And your solutions are?

We are only 40% self sufficient in our energy. We need to increase output in the North Sea, or Shale if your a fan. We need to reduce demand. Once we become self sufficient, decouple from international markets, turn off the interconnections, direct any profits into a wealth fund.

 

"we" don't produce any of our energy, private companies do. We don't own them or have any control over them.

"we" meaning the UK. Self sufficiency and decoupling from international markets will reduce energy prices. However to control that you probably do need nationalisation.

"the UK" don't produce any energy. Companies do. The UK doesn't own any energy. It's produced by private companies on private land. Unless you are suggesting we ban exports and make laws to control the price which would completely crash investment and potentially even stop production altogether.

The UK has energy resources, extracted under license.

The energy industry is full of contractions, it wants free markets and enterprise, yet wants guarantees, subsidies and incentives.

There are already price controls, subsidies, cfds, yet the investment continues, tens of billions of investment...paid for by the customer. 

With price controls if they are too low, you get supply shortages, set them too high you get excess profit/too much investment. This is best dealt with by competition. But there are no longer any competitive pressures.

It does take a commercial mind to see how it all fits together.

There is more reason to invest in the UK than ever. The higher the cost of energy, the more it's worth investing as there are no longer "cheap" imports that we have often relied on. If companies were able to make massive profits (like most here seem to claim) producing and selling energy in the UK we would be self sufficient long ago.

what cheap imports are these? norway gas? it not cheap its plentiful and priced for the international markets.
we never had cheap imports. 

sienew

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

And your solutions are?

We are only 40% self sufficient in our energy. We need to increase output in the North Sea, or Shale if your a fan. We need to reduce demand. Once we become self sufficient, decouple from international markets, turn off the interconnections, direct any profits into a wealth fund.

 

"we" don't produce any of our energy, private companies do. We don't own them or have any control over them.

"we" meaning the UK. Self sufficiency and decoupling from international markets will reduce energy prices. However to control that you probably do need nationalisation.

"the UK" don't produce any energy. Companies do. The UK doesn't own any energy. It's produced by private companies on private land. Unless you are suggesting we ban exports and make laws to control the price which would completely crash investment and potentially even stop production altogether.

The UK has energy resources, extracted under license.

The energy industry is full of contractions, it wants free markets and enterprise, yet wants guarantees, subsidies and incentives.

There are already price controls, subsidies, cfds, yet the investment continues, tens of billions of investment...paid for by the customer. 

With price controls if they are too low, you get supply shortages, set them too high you get excess profit/too much investment. This is best dealt with by competition. But there are no longer any competitive pressures.

It does take a commercial mind to see how it all fits together.

There is more reason to invest in the UK than ever. The higher the cost of energy, the more it's worth investing as there are no longer "cheap" imports that we have often relied on. If companies were able to make massive profits (like most here seem to claim) producing and selling energy in the UK we would be self sufficient long ago.

what cheap imports are these? norway gas? it not cheap its plentiful and priced for the international markets.
we never had cheap imports. 

Cheaper than we could produce it for domestically. 

jj_43

sienew said:

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

And your solutions are?

We are only 40% self sufficient in our energy. We need to increase output in the North Sea, or Shale if your a fan. We need to reduce demand. Once we become self sufficient, decouple from international markets, turn off the interconnections, direct any profits into a wealth fund.

 

"we" don't produce any of our energy, private companies do. We don't own them or have any control over them.

"we" meaning the UK. Self sufficiency and decoupling from international markets will reduce energy prices. However to control that you probably do need nationalisation.

"the UK" don't produce any energy. Companies do. The UK doesn't own any energy. It's produced by private companies on private land. Unless you are suggesting we ban exports and make laws to control the price which would completely crash investment and potentially even stop production altogether.

The UK has energy resources, extracted under license.

The energy industry is full of contractions, it wants free markets and enterprise, yet wants guarantees, subsidies and incentives.

There are already price controls, subsidies, cfds, yet the investment continues, tens of billions of investment...paid for by the customer. 

With price controls if they are too low, you get supply shortages, set them too high you get excess profit/too much investment. This is best dealt with by competition. But there are no longer any competitive pressures.

It does take a commercial mind to see how it all fits together.

There is more reason to invest in the UK than ever. The higher the cost of energy, the more it's worth investing as there are no longer "cheap" imports that we have often relied on. If companies were able to make massive profits (like most here seem to claim) producing and selling energy in the UK we would be self sufficient long ago.

what cheap imports are these? norway gas? it not cheap its plentiful and priced for the international markets.
we never had cheap imports. 

Cheaper than we could produce it for domestically. 

and then sold here at the high international price. we don't have a glut. its not the US.

sienew

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

sienew said:

jj_43 said:

And your solutions are?

We are only 40% self sufficient in our energy. We need to increase output in the North Sea, or Shale if your a fan. We need to reduce demand. Once we become self sufficient, decouple from international markets, turn off the interconnections, direct any profits into a wealth fund.

 

"we" don't produce any of our energy, private companies do. We don't own them or have any control over them.

"we" meaning the UK. Self sufficiency and decoupling from international markets will reduce energy prices. However to control that you probably do need nationalisation.

"the UK" don't produce any energy. Companies do. The UK doesn't own any energy. It's produced by private companies on private land. Unless you are suggesting we ban exports and make laws to control the price which would completely crash investment and potentially even stop production altogether.

The UK has energy resources, extracted under license.

The energy industry is full of contractions, it wants free markets and enterprise, yet wants guarantees, subsidies and incentives.

There are already price controls, subsidies, cfds, yet the investment continues, tens of billions of investment...paid for by the customer. 

With price controls if they are too low, you get supply shortages, set them too high you get excess profit/too much investment. This is best dealt with by competition. But there are no longer any competitive pressures.

It does take a commercial mind to see how it all fits together.

There is more reason to invest in the UK than ever. The higher the cost of energy, the more it's worth investing as there are no longer "cheap" imports that we have often relied on. If companies were able to make massive profits (like most here seem to claim) producing and selling energy in the UK we would be self sufficient long ago.

what cheap imports are these? norway gas? it not cheap its plentiful and priced for the international markets.
we never had cheap imports. 

Cheaper than we could produce it for domestically. 

and then sold here at the high international price. we don't have a glut. its not the US.

Sure. So you want companies to pay more to produce it in the UK while also selling it for less? Yeah, that seems likely.