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Energy Bills
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Right, but most of the G7 weren’t buying Russian oil anyway and those that were (Germany & Italy predominantly I think) have weaned themselves off. Hence the timing of this announcement - it’s predominantly symbolic.ShootersHillGuru said:
Any country that signs up to the G7 cap will only be able to get Russian oil exported by sea. You are correct though. I used EU when I should have used G7. I stand correctedse9addick said:
That’s not true - Hungary for sure aren’t going to be importing Russian oil only by sea, doubt they’ll even adhere to the price cap if Russia refuse to sell below market rate.ShootersHillGuru said:
It’s not symbolic. EU countries will now only be able to by Russian oil if it is transported by sea and is sold at or below the price cap. There is still need for EU countries to import Russian oil. That dependence is reducing but won’t be completely negated by this winter. If Russia continues to block gas exports via Nord Stream during the winter months then the economies of Germany and Italy in particular will be hit. Unlikely that energy rationing will not be required. Similarly in the U.K. where a large proportion of our energy in imported from Norway who are struggling to produce the hydro generated electricity due to the drought. Very different reasons but quite possibly a similar outcome.se9addick said:
It strikes me as only symbolic as the cap has been timed to take effect from the point when none of the G7 are buying Russian oil anymore anyway.bobmunro said:
I'm really not sure how this will work. Russia has oil, the G7 have put a cap on its price (which presumably means they won't pay more for Russian oil) and then Russia sells the oil to India and China for the global market rate. In the meantime the G7 have to buy oil on the global market.ShootersHillGuru said:
What does the first part of the above actually mean ? By that I mean for the consumer ?MrWalker said:Members of the G7 have agreed to impose a price cap on Russian oil in a bid to hit Moscow's ability to finance the war in Ukraine.
Finance ministers said the cap on crude oil and petroleum products would also help reduce global energy prices. The cap will be set at a level based on a range of technical inputs.
"We will continue to stand with Ukraine for as long as it takes," the G7 said.
At their virtual meeting, the finance ministers said the oil price cap plan was "specifically designed" to reduce Russian revenues and its ability to "fund its war of aggression". They also said they wanted to minimise the damaging economic fallout of the conflict, "especially on low and middle-income countries".
In the aftermath of Russia's invasion of Ukraine the price of oil soared and has remained at high levels, meaning Russia has increase its revenues from the fossil fuel despite its export volumes falling.
The EU plans to impose an embargo on Russian crude oil from 5 December. It will apply to crude shipped by tanker and most piped supplies.
China and India - major trading partners for Russia - may not follow G7 policy on Russian oil, analysts say. They have not joined the Western sanctions targeting Russia.
UK Chancellor Nadhim Zahawi said the G7 were "united against this barbaric aggression", adding the price cap would "curtail Putin's capacity to fund his war".
US Treasury Secretary Janet Yellen said a cap would also help fight inflation, which is on the rise in many of the world's economies.
The price cap helps achieve "our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine", she said.
What could possibly go wrong?1 -
Germanys gas stores are currently 90% full.
On reaching 95% they can get through winter without needing any extra input. [not that they wouldn't add more of course]
Article from last week
https://www.reuters.com/business/energy/germanys-gas-storage-facilities-filling-up-faster-than-planned-econ-minister-2022-08-28/
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democrats in the main tacked to the centre with Biden and won, Labour has tacked a long way back to centre, and could well win in 2024Cafc43v3r said:
Because we have ended up in the same place as the Americans have.MrWalker said:Just the same disbelief that 350 million Americans end up with their leaders and the UK ends up with Truss.
How is it possible we end up with such desperately poor options?
Is this how democracy looks for the future?
The two options are decided by the extreams of the (main stream) political spectrum. British politics became more extreme once both parties changed the rules on choosing their leaders.0 -
This thread is an absolute cracker.
Still no sign of the HoC reopening to save the majority of us from this shite?10 -
Dont want that either; some have not bothered posting anywhere since. Much more civil too.Off_it said:This thread is an absolute cracker.
Still no sign of the HoC reopening to save the majority of us from this shite?0 -
Exactly my point, the last election wasn't like that.Rothko said:
democrats in the main tacked to the centre with Biden and won, Labour has tacked a long way back to centre, and could well win in 2024Cafc43v3r said:
Because we have ended up in the same place as the Americans have.MrWalker said:Just the same disbelief that 350 million Americans end up with their leaders and the UK ends up with Truss.
How is it possible we end up with such desperately poor options?
Is this how democracy looks for the future?
The two options are decided by the extreams of the (main stream) political spectrum. British politics became more extreme once both parties changed the rules on choosing their leaders.0 -
Starmer has got a real chance at next election whereas Corbyn was never ever gonna win an election0
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In the next election for me it will be the least bad.
I know my local MP, who is Labour, but I will probably end up telling her she gets my vote because of her personal qualities, not because of her party, this has been cemented in for me by Kier Starmer coming out with the frankly ridiculous slogan 'make brexit work'.
He won't be able to make leave work anyway, nobody can do it, but there may be underlying messages and principles from Labour that I might agree with.
I will check out all of the local candidates at local hustings, and see how they do when I get the chance to interrogate them in person, it is what I always do. Maybe I will be bowled over by the Green Party candidate.0 -
There is an overriding consideration you might consider. Vote for the person or party that is most likely to beat the Tory. I think that’s more important than anything else at the next GE.seth plum said:In the next election for me it will be the least bad.
I know my local MP, who is Labour, but I will probably end up telling her she gets my vote because of her personal qualities, not because of her party, this has been cemented in for me by Kier Starmer coming out with the frankly ridiculous slogan 'make brexit work'.
He won't be able to make leave work anyway, nobody can do it, but there may be underlying messages and principles from Labour that I might agree with.
I will check out all of the local candidates at local hustings, and see how they do when I get the chance to interrogate them in person, it is what I always do. Maybe I will be bowled over by the Green Party candidate.7 -
You are absolutely right. However if a Tory wins in my constituency it will be amazing. I live in the People's Republic of Lewisham and keeping them out isn't an issue here.ShootersHillGuru said:
There is an overriding consideration you might consider. Vote for the person or party that is most likely to beat the Tory. I think that’s more important than anything else at the next GE.seth plum said:In the next election for me it will be the least bad.
I know my local MP, who is Labour, but I will probably end up telling her she gets my vote because of her personal qualities, not because of her party, this has been cemented in for me by Kier Starmer coming out with the frankly ridiculous slogan 'make brexit work'.
He won't be able to make leave work anyway, nobody can do it, but there may be underlying messages and principles from Labour that I might agree with.
I will check out all of the local candidates at local hustings, and see how they do when I get the chance to interrogate them in person, it is what I always do. Maybe I will be bowled over by the Green Party candidate.
However your advice is certainly applicable elsewhere.0 - Sponsored links:
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Liz Truss on Kuenessberg seems to be laying the ground for the re-entry of the magic money tree into British politics.0
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So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?2 -
When asked what she would do if Putin turns off the gas supplies this winter , she wouldn't answer and blustered as usual. Her long term ambition seems to increase our use of fossil fuels, by fracking and opening up more oil/gas fields in the North Sea, she did mention renewables but they appear to be less of a priority to her.se9addick said:Liz Truss on Kuenessberg seems to be laying the ground for the re-entry of the magic money tree into British politics.
The chart showing how much high earners would benefit from a NI reduction, in comparison with those on those lowest salaries, shows just who she wants to help.1 -
I've always liked him as a comedian, but he has gone down in my estimation if what he said about being far right wing is true.seth plum said:So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?4 -
Maybe she realises that she needs to focus on getting us through the short term. Whilst I agree that we need a long term plan for renewables, we need to exploit what we can now to get us through the next few years, because this is how long this crisis is going to last. I read last week that Germany had pushed a bill through to get coal production going again.ME14addick said:
When asked what she would do if Putin turns off the gas supplies this winter , she wouldn't answer and blustered as usual. Her long term ambition seems to increase our use of fossil fuels, by fracking and opening up more oil/gas fields in the North Sea, she did mention renewables but they appear to be less of a priority to her.se9addick said:Liz Truss on Kuenessberg seems to be laying the ground for the re-entry of the magic money tree into British politics.
The chart showing how much high earners would benefit from a NI reduction, in comparison with those on those lowest salaries, shows just who she wants to help.0 -
He was joking, he took it a bit far though because I wasn’t 100% either.ME14addick said:
I've always liked him as a comedian, but he has gone down in my estimation if what he said about being far right wing is true.seth plum said:So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?0 -
Two things. Firstly I actually thought she performed better than I expected. She has no dynamism so she falls back on being measured and saying nothing. I doubt any of us thought she would set out her energy crisis plans on tv on a Sunday morning. This is planned as a keynote speech once elected. I can understand that. It’s unsatisfactory for us to be told that we need to wait another week but to be expected. I also don’t think she actually fully knows what she’s going to do yet. She perhaps has the bones but no flesh. That will become clearer once the treasury show her the books. Her announced tax plans are meaningless in terms of the crisis. Anyone knows that they are insignificant. It’s always been a dog whistle “Tory cutting tax” soundbite. She’s going to be our next Prime Minister. I’m not hopeful she’s up to the job. Is anybody ? Will she last until the next GE ? She’s in the unenviable position of being a new Tory PM that doesn’t have the support of even half her parliamentary party. Boris returned in 2023/24. It’s being suggested in some quarters. Personally I don’t think so but with the economic cards stacked against her I can’t see her winning a GE as things stands. Will the Tories have that or will they want “winner Boris” ?
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Who is it?ME14addick said:
I've always liked him as a comedian, but he has gone down in my estimation if what he said about being far right wing is true.seth plum said:So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?0 -
ShootersHillGuru said:Two things. Firstly I actually thought she performed better than I expected. She has no dynamism so she falls back on being measured and saying nothing. I doubt any of us thought she would set out her energy crisis plans on tv on a Sunday morning. This is planned as a keynote speech once elected. I can understand that. It’s unsatisfactory for us to be told that we need to wait another week but to be expected. I also don’t think she actually fully knows what she’s going to do yet. She perhaps has the bones but no flesh. That will become clearer once the treasury show her the books. Her announced tax plans are meaningless in terms of the crisis. Anyone knows that they are insignificant. It’s always been a dog whistle “Tory cutting tax” soundbite. She’s going to be our next Prime Minister. I’m not hopeful she’s up to the job. Is anybody ? Will she last until the next GE ? She’s in the unenviable position of being a new Tory PM that doesn’t have the support of even half her parliamentary party. Boris returned in 2023/24. It’s being suggested in some quarters. Personally I don’t think so but with the economic cards stacked against her I can’t see her winning a GE as things stands. Will the Tories have that or will they want “winner Boris” ?
I strongly suspect that anyone who is up to the job is far too sensible to want to do it. This just leaves us with narcissists or the utterly bland.
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Here is your answer:Gribbo said:
Who is it?ME14addick said:
I've always liked him as a comedian, but he has gone down in my estimation if what he said about being far right wing is true.seth plum said:So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?9 - Sponsored links:
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She wasn't talking about the short term - she completely avoided the question. Fracking and opening up new oil/gas fields will take many years and won't help this winter, they are also not going to help the Climate Emergency which is happening right now.stop_shouting said:
Maybe she realises that she needs to focus on getting us through the short term. Whilst I agree that we need a long term plan for renewables, we need to exploit what we can now to get us through the next few years, because this is how long this crisis is going to last. I read last week that Germany had pushed a bill through to get coal production going again.ME14addick said:
When asked what she would do if Putin turns off the gas supplies this winter , she wouldn't answer and blustered as usual. Her long term ambition seems to increase our use of fossil fuels, by fracking and opening up more oil/gas fields in the North Sea, she did mention renewables but they appear to be less of a priority to her.se9addick said:Liz Truss on Kuenessberg seems to be laying the ground for the re-entry of the magic money tree into British politics.
The chart showing how much high earners would benefit from a NI reduction, in comparison with those on those lowest salaries, shows just who she wants to help.5 -
Superb from Joe there tbf. Laura K is a complete div5
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Joe LycettGribbo said:
Who is it?ME14addick said:
I've always liked him as a comedian, but he has gone down in my estimation if what he said about being far right wing is true.seth plum said:So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?
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I suspect his chances of being booked again have gone down the pan but it was wonderful viewing! I follow "Laura Kuenssberg Translator" on Twitter, which is hilarious but sadly, going by today's performance, the parody account will have trouble topping that.Croydon said:Superb from Joe there tbf. Laura K is a complete div
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I believe since June all new builds have to have a car charge point. Although that's good to an extent, as you point out, unless you also have to have solar (probably with battery) it's not massively going to help.Showmetheway2gohome said:My lad moved into his new keepmoat house this weekend I was surprised to see he had a electric car plug.Is this policy all new homes to have electric car plugs. I thought it would be better to have solar panels than an electric car plug.Says to me we are committed to killing of the petrol and diesel car but the price of electric to run and the price to buy an electric car in the current climate I can’t see how it’s going to take off. Also if we’re going to have blackouts this winter because of electric shortage how we going to produce enough for all the electric cars on the road in the future.
Solar and battery makes much more sense if you have an electric car as you can in effect charge it pretty much for free, or take one of the Octopus energy tariff's where overnight it is a 5th of the cost.
The cost benefit analysis's I've seen for Solar and Battery really come into their own if you drive electric.1 -
BBC reporting that “Energy industry sources are optimistic the government will back a plan to freeze the energy cap.” Additionally, looks like the Lib Dems, backed by Labour, will bring a bill proposing a price cap freeze to Parliament this week.2
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Looking on a phone so anyone able to tell me who the lady in the red jumper is?Glovepup said:
Here is your answer:Gribbo said:
Who is it?ME14addick said:
I've always liked him as a comedian, but he has gone down in my estimation if what he said about being far right wing is true.seth plum said:So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?0 -
We already had our own laws and control of our borders but I’m shocked to hear that Sir Keir Starmer is saying things to win him votes. Can you give me an example please ?Showmetheway2gohome said:The reason Boris got in is because the majority wanted out of the EU and we wanted to have our own laws and control our borders.Which hasn’t happened.The next election is wide open it’s which party cons us the most.Stamer is saying anything that he thinks will win him votes.We need a clean sweep and get rid of all these public school nonces2 -
A former staffer to Boris Johnson!LargeAddick said:
Looking on a phone so anyone able to tell me who the lady in the red jumper is?Glovepup said:
Here is your answer:Gribbo said:
Who is it?ME14addick said:
I've always liked him as a comedian, but he has gone down in my estimation if what he said about being far right wing is true.seth plum said:So far the Sunday Morning programme has in my view been crap, leaving aside Truss herself.
Is that comedian bloke being ironic and sarcastic or is he the right wing extremist he says he is?2
