Comments by "Greg Greg" (@SlowhandGreg) on "Fury at Starmer's £1.5m from Just Stop Oil donor Headliners" video.

We derive no benifit from them anyway the way government gets short term money in for leasing to then give huge tax breaks and other benefits to fossil companies means there is huge public subsidies to create a failed business model which we subsidise. Tax breaks = corporate welfare as in socialism for corporations and the rich.
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@Fadingfool You don't have access to the oil or gas has this crisis taught you nothing? It goes on the world commodity market where private companies buy it on the WORLD open market. I have solar and thermal solar and also made the effort to double insulate the house when we had upgrades done a few years back. Investing in insulation and an energy source that is completely disconnected from the wholesale energy price is the best investment I ever made on current prices my capital cost will have repaid itself in 8 years.
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What's wrong with wanting cleaner energy its cheaper and doesn't involve huge tax subsidies to global corporations When's the last time BP or Shell paid any uk taxes?
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@thedave7760 Since when renewables have been the cheapest source of electricity on the Grid since 2019 the only thing holding it back is lack of investment in the grid which needs upgrading anyway
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@g8ymw The green levy doesn't go to renewable energy companies shows how much you know about the grid and the OffGem market. 1st off forward contract price for wind energy dropped to 38p per kilowatt hour in 2019 during the past decade the cost of renewables has dropped by 95%. We only have 17% wind capacity even without mass storage we could run 40/50% 2nd on a bad wind day that TOTAL UK capacity drops to 10% from 17% peak On cost Nuclear is around 100p per kilowatt hour as is Coal and Gas is currently the most expensive. Currently the windfall tax that Sunak put in the renewable energy companies pay the most and there was a 6 billion tax break for fossil in the last budget Quote Chancellor Jeremy Hunt announced that renewable electricity generators will face a 45% windfall tax from January 2023 until March 2028. By comparison, the windfall tax for the oil and gas sector will be set at a lower rate of 25% to 35% Why are they facing a large windfall tax because the market is screwed and fixed for fossil providers
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@markcrouch9047 The industry provides no where near the number of parallel jobs you would gain from a domestic renewable and green energy system + we are then insulated from world commodity shock. It also has next to no effect on the world market and we are giving out huge subsidies and tax breaks to maintain it. There is zero economic argument for maintaining the status quo when we can produce energy more cheaply and not have it transported with all the environmental hazards that brings. I'd also add the next round of exploration and extraction will be more costly thane the last further increasing costs as renewable prices keep going down.
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@markcrouch9047 Its got nothing to do with being a good citizen and going green renewables are cheaper period. The grid is aging and due for refurbishment anyway as coal stations reach end of life the only thing holding it back is government inaction. A grid that is renewable based is a lot more decentralised you can already mesh network Domestic EV's for grid balancing the same smart technology makes better utilization of domestic solar. Domestic Batteries are starting to appear on solar installations as prices keep falling You can reduce UK gas usage by improving insulation standards and retrofit + the current network can support a 20/80 Hydrogen / NG mix So in 7/8 years that oil / Gas field we spent billions subsidising getting on line could well be redundant as prices fall. Current Brent crude costs 60$ a barrel to break even Saudi / Iran / Iraq 30$ most US production 50$ Ural 65$ Nigeria 50$ etc.
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@markcrouch9047 Why is Texas the King of US oil the King of Wind Farm deployment in the US with 20% Oil is a multi trillion dollar business there are too many vested interests involved in any sort of transition away from it if they can possibly help it. You keep repeating renewables are not cheaper but that is an outright lie these are from economics publications Quote 2023 Switching over to clean, renewable power — and away from fossil fuels — could save trillions of dollars by 2050, a new study finds Quote 2020 In most places in the world power from new renewables is now cheaper than power from new fossil fuels Quote 2021 Renewables are now significantly undercutting fossil fuels as the world's cheapest source of power, according to a new report.
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@poolplayerpoolplayer7430 which bit of we're giving billions in subsidies and it takes 7+ years to come to the international market + renewables are still falling in cost will affect prices in the next couple of years?
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@yousausage GBEnergy is a proposed to be a renewable energy company which will add competition to the market by providing pressure to lower prices. In the current outdated system, the most expensive type of energy (usually gas) sets the price for ALL types of energy, including renewables. It's bonkers
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Fossil development takes around 7-9 years from exploration to production. Over the past 5 years the North Sea Fossil companies have paid zero tax and renewable energy became the cheapest on the grid in 2019, renewable costs are expected to fall further by a considerable margin as it becomes a mainstream technology and its expected that battery prices per gigawatt hour will halve over the next 5 years. Labour will reintroduce insulation subsidies and new building regulations to improve home thermal efficiency If I where you I'd be more worried about the Tories getting in and this relentless push to keep us burning as much Fossil as possible prices are never going to go down to 2018 levels
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Hardly most outside the right wing echo chamber can see we get no economic benefit from subsidising multi national fossil companies to the tune of billions when it's cheaper to run renewables that we control
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@janicebirch7522 1st off the fossil lobby bung the Conservatives a butt ton of money second its been labour policy to stop oil development for the last 5/10 years and move to renewables.
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If its so useful why are we wasting it by burning it then?
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@ddoherty5956 You can make plastics from cellulose and other non oil based products
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@Thurgosh_OG we don't need oil for fuel the cost event horizon was back in 2019 since then the fossil industry have been fighting a rear guard action to slow down electrification and renewable deployment. With each 1/4 we see further developments and cost savings in both battery and renewable energy people seem to be under the illusion that companies like Tesla are new there not they started up 19 years ago the 1st wind farm deployment in the UK was 1991 where well along the S curve
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What's wrong with protesting you jumping on the fascist state bandwagon
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@FireTripperJeff China are going all electric on cars and there the biggest deployed of renewable energy on the planet. Yes there still building some coal stations but Chinese thinking is about being self sufficient in energy they have seen what happened to Europe and being blackmailed by Russia on energy
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@trulyexorcise2918 what child labour? The sector is already moving away from Cobalt Tesla doesn't use it anymore and the oil industry uses Cobalt in refining which is then waste and not recyclable. By next year you'll have a proliferation of sodium ion batteries as well as solid state there are already multiple heat storage technologies on the go + creating hydrogen from water using spare renewable energy.
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