In light of the EU's latest attempt at a gas price cap that aims to make gas cheaper, how realistic would it be to expect a decline in consumption without demand repression?
Irina, a great writer once said "Sanctions Don't Work". (I think that was you) Price caps are even dumber! Russia already has a way around the price caps.
With about 30 or so LNG tankers trying to off load in Europe there are bottlenecks and the price for U.S. nat gas is going down. Where we are about to get hit is with a looming deseil and home heating fuel. The east coast of the U.S. is goiong to be facing some tough times.
Interesting fact, LNG tankers boil off liquified natural gas at 0.1 to 0.25% per day. I imagine it is used to power the ship or vented to release pressure.
Interesting fact, the GHG emissions of burning LNG for electricity are higher than that of domestically produced supercritical Coal, as well as the cost of electricity. So it makes more sense to burn coal for electricity than to import LNG. Using for other applications i.e. heat & chemical industry is another matter.
I live in Kassel, Germany. I get gas from E.ON. The promised gas price increase for November was canceled. Actually it will be 12% cheaper. VAT reduction to 7% from 19%. Waiting for the other shoe to drop but right now I am going to pay LESS going forward. Not much incentive to save, but will do so anyway. On top of the reduction the government is giving us €600 in December AND the city €150 to help pay for the ‘increase’.....
Great news! But yes, it does not motivate people to save. They have to rely on their conscience or, as you say, the prospect of the other shoe dropping.
Well, few EU countries have pockets deeper than Germany's, so it shouldn't be hard. Or maybe things are changing what with all those companies going bust because of their energy bills.
If you have money and don't like being cold, it doesn't really matter. Business 101 describes it as a "Poor" tax. I have had baseboard electric heat the last 30 years, but switched to gas earlier this year. My electric bill would run over $500 dollars a month from October through March. It will be interesting to see what my electric and gas bills will be over that span this winter. I live in Portland, Oregon where it rains 9 months out of the year, usually only a couple weeks of snow.
Is Clueless Joe that bad of a president that he can take down America that fast? But if you are only talking rationing, money has its privileges. For instance, I have two fire places inside my house, 2 propane fire pits that are movable, two propane heaters, etc. We generally lose power once a year due to ice storms, short term power outages are just a hassle. If that starts happening without notice, and it causes a panic, refer to me as Comrade Will.
I doubt this could happen in the U.S. but that's what they're talking about in the EU. When they cut the electricity off, they cut it off for the whole neighbourhood. You're right money matters, yes. We could afford a lot more firewood for this winter than our retired neighbours, for example. But if we were in the city, it's all electricity, no fireplace in the apartment. And the funny though tragic thing: Sofia municipality paid people to remove their wood stoves and install ACs because of emissions...
It seems that extraordinarily high prices already are putting a cap on consumption. First fix the supply issue. Then address cost.
Yes, but the purpose is to not have extraordinarily high prices.
Agreed. But the EU went down the wrong road with LNG. I haven't read that they intend to correct that in the long term.
They did but, to be fair, they weren't exactly flush with options. You take an action, you live with the consequences.
Irina, a great writer once said "Sanctions Don't Work". (I think that was you) Price caps are even dumber! Russia already has a way around the price caps.
With about 30 or so LNG tankers trying to off load in Europe there are bottlenecks and the price for U.S. nat gas is going down. Where we are about to get hit is with a looming deseil and home heating fuel. The east coast of the U.S. is goiong to be facing some tough times.
Interesting fact, LNG tankers boil off liquified natural gas at 0.1 to 0.25% per day. I imagine it is used to power the ship or vented to release pressure.
Or use more diesel to liquify the boil off on ship
Interesting fact, the GHG emissions of burning LNG for electricity are higher than that of domestically produced supercritical Coal, as well as the cost of electricity. So it makes more sense to burn coal for electricity than to import LNG. Using for other applications i.e. heat & chemical industry is another matter.
I live in Kassel, Germany. I get gas from E.ON. The promised gas price increase for November was canceled. Actually it will be 12% cheaper. VAT reduction to 7% from 19%. Waiting for the other shoe to drop but right now I am going to pay LESS going forward. Not much incentive to save, but will do so anyway. On top of the reduction the government is giving us €600 in December AND the city €150 to help pay for the ‘increase’.....
Great news! But yes, it does not motivate people to save. They have to rely on their conscience or, as you say, the prospect of the other shoe dropping.
I can only assume that the price cap is just to prevent any EU country from outbidding Germany.
Well, few EU countries have pockets deeper than Germany's, so it shouldn't be hard. Or maybe things are changing what with all those companies going bust because of their energy bills.
If you have money and don't like being cold, it doesn't really matter. Business 101 describes it as a "Poor" tax. I have had baseboard electric heat the last 30 years, but switched to gas earlier this year. My electric bill would run over $500 dollars a month from October through March. It will be interesting to see what my electric and gas bills will be over that span this winter. I live in Portland, Oregon where it rains 9 months out of the year, usually only a couple weeks of snow.
Oh, but it does, because mandatory consumption cuts will be for everyone, rich and poor alike. If they're not... Well, that's how bad things start.
Is Clueless Joe that bad of a president that he can take down America that fast? But if you are only talking rationing, money has its privileges. For instance, I have two fire places inside my house, 2 propane fire pits that are movable, two propane heaters, etc. We generally lose power once a year due to ice storms, short term power outages are just a hassle. If that starts happening without notice, and it causes a panic, refer to me as Comrade Will.
I doubt this could happen in the U.S. but that's what they're talking about in the EU. When they cut the electricity off, they cut it off for the whole neighbourhood. You're right money matters, yes. We could afford a lot more firewood for this winter than our retired neighbours, for example. But if we were in the city, it's all electricity, no fireplace in the apartment. And the funny though tragic thing: Sofia municipality paid people to remove their wood stoves and install ACs because of emissions...
Well, Macron did say that "The age of adundance is over".
These globalists are preparing the masses for life in an 18th-century energy environment.
To the Bastille!