Natural gas will run out in the UK on Wednesday – meaning the UK will need to pay premium prices to turn gas shipments currently on the way to the Far east back to the UK
UK to build more windmills!!! - IMMEDIATELY! Pray that no European capital cities are targeted with Iranian missiles!
From here;
Britain’s gas reserves fall to just 1.5 days of supply as energy market turmoil drives prices higher
“Britain’s natural gas reserves have fallen to critically low levels, with storage facilities holding just 6,700 GWh — enough to meet just one-and-a-half days of national demand.
Figures from National Gas show a sharp decline from the 18,000 GWh recorded during the same period last year, leaving the UK increasingly exposed as tensions involving Iran continue to disrupt global energy markets.”
You can check out a discussion of the problem here:
Energy Security Replaces Net Zero
“The Iran Conflict is having a massive global ripple that is turning into Energy Chaos.
With Qatar cutting production, it will be weeks, if not months, before 20% comes back online, and the EU is in a meltdown over Russian gas, what to do next, and what the world leaders’ next move is as far as energy is concerned?
You will not want to miss this episode of the Energy Realities Podcast with Tammy Nemeth, Irina Slav, and Stu Turley. 1. Energy Security vs. Net-Zero Targets
The transcript emphasizes a significant shift in priorities, where energy security concerns are now outweighing net-zero emissions targets.
This reflects consumer demand for reliable energy supplies and highlights how the EU’s energy management has created increased dependence on external sources, particularly following disruptions to Russian energy supplies.
2. Infrastructure Development Challenges There’s substantial discussion about the difficulties countries like Canada face in developing new natural gas export infrastructure.
Political and environmental obstacles are creating barriers to expanding energy capacity, and the transcript underscores the need for international cooperation through organizations like the International Energy Agency (IEA) to address supply disruptions.
3. Geopolitical Tensions and Energy Markets The transcript covers how Middle East conflicts—particularly tensions between Iran, the US, and Israel—directly impact global oil and gas supplies and pricing.
It also discusses the role of Lloyd’s of London in insuring tanker traffic through critical chokepoints like the Strait of Hormuz, which is essential to energy security.
4. Renewable Energy Transition Feasibility There’s a debate about whether renewable energy sources like wind and solar can(NOT – Ed) realistically replace fossil fuels, especially during the current energy crisis. The discussion includes concerns about increased costs and supply chain disruptions that could slow the renewable transition.
5. Political Responses and Policy Dynamics The transcript explores how the energy crisis is shaping policy decisions across the UK, EU, and Canada, including potential government interventions like strategic oil reserve releases to stabilize prices.”
The show details how the supply of natural gas is at levels of just 9 per cent in the Netherlands!
03:00 Energy Security vs Net Zero
05:00 LNG and Europe
08:00 Canada’s reluctance to build out more LNG
12:00 Strategic Oil Reserves and Oil Prices
19:00 Geopolitical Tensions and Tanker Traffic
24:00 Heavy traffic through the Strait of Hormuz,
32:00 The role of Green Energy
39:00 The role of green energy party and Germany
On the las t point, the latest electoral success for the Greens in Germany is discussed here:
Luckily, thee have been no take downs of he ‘mercy flights’ returning the hundreds of thousands of nationals home. Whew!
I still maintain hat here will need to be ‘boots on he ground’ ensuring that no missiles etc are launched from the Iranian side of the Arabian gulf/Straits of Hormuz.
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All Wars are resource wars and many of them are proxy wars. So it's not just about power, oil & gas it is also a war between the USA and the City of London; their bankers and Lloyds insurances all ship and trading otherwise. That is why Sir Keir did / can not support this Iran war. Further the emperor of this world does not like the wind mills; so soon energy price will normalise; as he promised,
Hi Peter,
you may want to watch this recent Aussie prof. Ian Plimer interview by Triggernometry, their 1hr discussion “the Climate Crisis is a scam” needs a lot more views!!
https://youtu.be/8kNvSu93P9Q?si=V9dNn-8YzANuKDAH