Energy news has dominated the headlines in Great Britain over the last week, with householders facing a rise in bills or the prospect that suppliers face going out of business. A massive jump in the price that suppliers are paying for gas has been blamed for the market turmoil. Although it is not affecting customers in Northern Ireland, consumers here will nonetheless end up paying more. The Northern Ireland gas market is very different from that in the rest of the UK. Gas is the dominant household heating source in Britain with around 85% of homes connected to the grid. So it is a large market and one in which competition rather than regulation is primarily intended to deliver the best prices for consumers. https://www.bbc.com/news/uk-northern-ireland-58680307 Predictions coming to fruition, as energy prices continue to rise. Oil has already risen $74.66 this evening. Up $.68 from Fridays close. Natural Gas continues to break records at a current price of $5.32. High energy prices coming across the board. We'll also start seeing some rises in precious metal. The next few months looks to be a more challenging period for the Biden Administration and the American public.
Every time gas prices go up, religious leftists call for investigations into price fixing, and the investigation repeatedly that gas prices are a result of supply and demand. https://www.aei.org/carpe-diem/ftc-market-forces-led-to-rising-gas-prices/comment-page-1/
Natural Gas now up .15 to $5.35 (3%) Oil up .74 to $74.72 (1%) https://www.investing.com/commodities/crude-oil
A result of the wind dying and the failure of their reliance on renewables. They are scrounging for energy and their consumers are paying and will continue to pay out the ying-yang and Russia has just increased it's leverage over them.
And France is essentially left out in the cold. Germany is killing these guys. It's all about those ports. It's an Old article, but the US is still threatening sanctions on German ports over Nordstream. https://www.dw.com/en/nord-stream-2...erman-port-with-crushing-sanctions/a-54473119 We need two ports on the East Coast with natural gas pipelines and railroad. Either Wilmington or Virginia cause they're close to the Tennessee Valley Upper Mid-West. We all saw this coming a mile away. The technology for natural gas was advancing. There are already making huge natural gas freighters that will be capable of refueling at the ports.
