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Author Topic: Energy Prices.  (Read 1730 times)

UncleUB

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Energy Prices.
« on: January 12, 2009, 11:27:51 AM »
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scottiesmum

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Re: Energy Prices.
« Reply #1 on: January 12, 2009, 11:40:17 AM »
There is government 'capping' on all utility companies here Unc - hence the huge difference  ..............  pity the same doesn't apply in the UK  :-\   
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kitz

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Re: Energy Prices.
« Reply #2 on: January 12, 2009, 12:12:13 PM »
Quote
The price of crude oil has slumped by more than 70 per cent since its all-time high of $147 last summer.

I was watching something on TV the other day about this..  and it was said that the energy companies had stocked up their reserves for winter.. but had unfortunately purchased most of it when it was at this higher price.
All energy suppliers will start building up their supplies during the summer.

I suppose purchasing commodities like this can be a minefield for the suppliers.. if you see the prices going up and up then you buy when you can.
If prices continue to rise then youve made a profit.. but if the price suddenly and unexpectedly slump by 70% then youre in a bit of a mess unless you charge to consumers what they paid for it  :'(
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UncleUB

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Re: Energy Prices.
« Reply #3 on: January 12, 2009, 12:30:00 PM »
One big difference here to Europe is we don't have the storage facilities so we can buy it when its cheap and then stockpile it..........Why
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scottiesmum

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Re: Energy Prices.
« Reply #4 on: January 12, 2009, 01:05:04 PM »
None of the powers that be were  in the Boy Scouts  .... "Be prepared"  !  :'(
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kitz

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Re: Energy Prices.
« Reply #5 on: January 12, 2009, 02:17:32 PM »
Quote from: scottiesmum on January 12, 2009, 01:05:04 PM
None of the powers that be were  in the Boy Scouts  .... "Be prepared"  !  :'(

lol - it seems that they were prepared - they just bought at sky high prices. :no:
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UncleUB

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Re: Energy Prices.
« Reply #6 on: January 12, 2009, 02:55:06 PM »
Quote from: scottiesmum on January 12, 2009, 01:05:04 PM
None of the powers that be were  in the Boy Scouts  .... "Be prepared"  !  :'(

They were  prepared to sell our energy commodities off to foreign companies.  :(

To have our energy supplies ( the one thing that keeps us alive) controlled by overseas companies is beyond belief.   >:(  >:(  >:(
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oldfogy

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Re: Energy Prices.
« Reply #7 on: January 12, 2009, 04:52:10 PM »
If any one is wondering why we sell our crude oil abroad, it is because it's the best in the world and a far better quality than we actually need, so it's more economical to sell it abroad and import their low-grade oil.
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