Reply To: Climate, the science, politics, economics and anything else


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#78762
michael norton

O.K. some are saying that most problems are caused by Brexit, others say it is because of pandemic or both.
The price of Brent Crude is the same for all, it is the traded price. However, individual governments can add tax to the cost of fuel.
However, the cost of Natural Gas has increased by twenty five time in eighteen months. That is not because of Brexit. If one thing has made it skyrocket, it is more likely to be the once in one hundred years pandemic. But underlying everything is the global increase in human population. Richer people want to use more power. Other people aspire to becoming richer and using power. If I could try to put my finger on it, I would say it is the people of Asia becoming richer and wanting more power. If we look at China, the individual people have become richer, so that means they come to desire more stuff, more stuff needs more energy. Same with India. Are we to guess that there is a finite amount of fuel?

Maybe the cost of Natural Gas, will come down a little, in the medium term, if the U.S.A. resume fracking and Nord Stream Two flows reliably. However, the problem will resume.
Ever more people, wanting ever more stuff and ever more power.