gas shortage could damage economy

Discussion in 'Current Affairs, News and Analysis' started by PartTimePongo, Dec 5, 2005.

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    What's the phone number for GazBleu? 8O
  2. Thought a deal had been signed with the Russians?
  3. On the 27th October the DTI published the following information, thanks to Nick Rouse for bringing it to my attention:

    For the three months June 2005 to August 2005 compared to the same period a year earlier:
    - production of petroleum fell by 16.2%;
    - production of natural gas fell by 17.0%;
    - production of coal and other solid fuels fell by 24.9%;
    - electricity produced from nuclear sources rose by 11.8%;
    - electricity produced from wind and natural flow hydro fell by 4.4%.
    Energy Trends Table 1.1

    "Bad News For UK Energy" 4 December 2005
  4. We get this in germany before the prices go up......before winter .............before holdays,and yet the Govt doesn´t even consider dropping the high taxes it rakes in.The same goes for GB,then they raise the prices untill we start screaming,that sets the pain threshhold,then the prices level out again,it´s just a warning order,get used to it!

    The money the oil company rakes in,on just a few weeks of high prices,billions.The next storm,tzunami,typhoon,allways comes along,any f***ing excuse to put the prices up.

    Just the dealing on the stock exchange,accounts for 20%,of the cost of gas and oil,think about it, so much money just to set the price,ever feel that somebody´s taking the p*ss?

    Midnight..................I feel another price rise coming............................!
  5. It's the fault of the Conservatives (Maggeis lot) if they had sorted things out when in power then this situation would not be happening now. Dear leader has only just got into power and has not had a chance to sort out all the cr ap left for him. His Chancellor has been far to busy to notice this as he has had his hands full getting rid of all that usless gold that had been left for him.
  6. Good news

    Russia has the biggest gas reserves in the World.
  7. "Russia has the biggest gas reserves in the World. "

    Good for Rooshia, now UK needs many new Nucular generators so we don' t use too much gas and become a too dependant nation.
  8. All it takes is money.
  9. We've got plenty of the stuff here,(Southern North Sea).But nobody wants to pay the price we sell at. Go on, buy some today only £1.56 a therm, you know it makes sense.

    I need a pay rise next year,plus bonuses ofcourse.
  10. Ach zo we still have a stratigic reserve ja.
  11. From Bloomberg via The Moscow Times:

    "The Central Bank has raised the share of the euro in the basket against which it targets the ruble and lowered the weight of the dollar.

    "The Central Bank increased the share of the euro to 0.4 euro from 0.35 euro and cut the share of the dollar to $0.60 from $0.65, it said in a statement Friday."

    5 December 2005

    Russia used to peg the ruble exclusively to the dollar. It it were to persist in stepwise increasing the weight accorded the euro in its currency "market basket" target, it would eventually reach a point at which the euro is weighted 1.0 and the US dollar is weighted 0.0.

    At that point, for all practical purposes, the Russian currency would be the euro except in the technical sense that it will have a picture of a dead Russian statesman on it.

    Russia is preparing to supply NG to an NG-starved Eurozone.

    Russia has previously discussed the possibility of quoting Russian oil on world markets in euros. (It has not actually done so.)

    Russia could, if it chose to do so, give the euro an enormous boost in international acceptability at a time when some are wondering just what future the US dollar might have as the world international reserve currency.

    I could imagine astute Russian diplomacy persuading the Euro-crats that Russian participation could make it possible to deal a strong rebuke to USA arrogance and high-handedness.

    I could envision the Russian government possibly taking the view that if Eurozone is to enjoy the benefits of a fairly high degree of economic integration with Russia, then Russia must be granted a larger voice in Eurozone economic, political, cultural, and military affairs.
  12. "Russia must be granted a larger voice in Eurozone economic, political, cultural, and military affairs"

    True, all politics at the highest level.
    Europe needs cheap fuel and Rooshia needs the money to finance it's growth.
    Be nice to think we can all be friend in the future, not simple but thens thats life.
  13. Noticed a nice pipeline going from Russia to Germany.
  14. A new pipeline from Norway has just been laid, and that is where Britain will buy 65% of its gas in the comming years. Thier higher paid then us, so prices will be reflected in what you pay.
  15. we can still sort out a pipeline deal with Russia, seems that Russia is finally coming in from the cold so to speak and become a significant economic force, America is right to be worried if gas and Oil is quoted in Euros, the Economic impact will be significant as traders will drop the Dollar for Euros, forcing USA to buy Euros to buy Gas and Oil.
    we may even be forced to join the Euro if the economic benefit outweighs nationlistic concerns for "Queens head on a banknote", only then if it is of benefit to UK i would agree to it.