Tuesday, October 12, 2021

The Global Energy Crisis


 

The British media, in their desperation to stir the shit, would have us believe that the ongoing rises in energy prices are down to a combination of Brexit and Boris.

Yet, cast your eyes abroad and you can see that the problem is global.

For why?

A number of reasons, including:

- China buying large amounts of LNG

- China cutting back on its coal production (green policies and flooding) 

- Russia playing silly buggers with gas supplies because of its long running dispute with the EU over Nord Stream 2 and Europe not wanting long term contract with Gazprom

- Covid screwing with supply chains 

- The rush to go Green, without having the necessary capacity etc.

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