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jim 99
Professor Tim Wilson
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Comments by "jim 99" (@jim-es8qk) on "will we pay more for gas after the closure of the Russian pipeline?" video.
Yes. Its basic supply and demand.
4
We are shutting our oil and gas fields, we have shut the Cumbrian coal mine, we are trying to rely on solar panels in a dark European country and now there is a shortage of imported gas from Europe due to the war. I think we should be awarded the worlds stupidest country because there is clearly an energy problem, and we are just making it worse.
4
Companies will forward buy the gas in advance. So when the spot price goes up they just make more profits.
3
They had a shale gas boom. Energy is cheap in the USA. It's why their standard of living and wages are better than ours. They have so much they are exporting it to the EU.
1
@malcaniscsm5184 What happens when the wind stops? They have to make up the shortfall from out of contract imported gas. It's very expensive to do this. And guess what? I hear they've just closed the Russian pipeline.
1