Happier diner Posted February 8, 2022 Share Posted February 8, 2022 9 hours ago, Max Power said: It's not just the price, it's the security of supply! That's so wrong. Its a commercial operation that is proposed. If its not financially viable then it won't, and shouldn't, happen. Not unless the good old Manx Tax payer is going to pay the cost of the operation. There is no issue with security of supply. Its the price that is the whole problem isn't it? Quote Link to comment Share on other sites More sharing options...
joebean Posted February 8, 2022 Share Posted February 8, 2022 (edited) 14 minutes ago, Happier diner said: That's so wrong. Its a commercial operation that is proposed. If its not financially viable then it won't, and shouldn't, happen. Not unless the good old Manx Tax payer is going to pay the cost of the operation. There is no issue with security of supply. Its the price that is the whole problem isn't it? Of course there is an issue with the security of supply. This is also directly linked to the cost. If most of your gas, for example comes from a supply controlled by Mr Putin, you have security of supply as long as he wishes it. If he does not wish to supply as much gas, the price of gas goes up to match its relative scarcity. Don’t you think that having a domestic supply increases both security and cost, subject, of course, to the commercial contract you have with the producer? I would rather have a contract that is subject to just commercial pressures rather than commercial and political pressures outside of our control or influence. Gas from Russia is no more environmentally friendly than gas from the Irish Sea, if it’s there. Edited February 8, 2022 by joebean 1 2 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted February 8, 2022 Share Posted February 8, 2022 (edited) 31 minutes ago, joebean said: Of course there is an issue with the security of supply. This is also directly linked to the cost. If most of your gas, for example comes from a supply controlled by Mr Putin, you have security of supply as long as he wishes it. If he does not wish to supply as much gas, the price of gas goes up to match its relative scarcity. Don’t you think that having a domestic supply increases both security and cost, subject, of course, to the commercial contract you have with the producer? I would rather have a contract that is subject to just commercial pressures rather than commercial and political pressures outside of our control or influence. Gas from Russia is no more environmentally friendly than gas from the Irish Sea, if it’s there. I think you need to do more research here. Less 5% of the UKs gas comes from Russia. Most comes from the Irish Sea (UK owned) and a good proportion from Norway. There is plenty of gas. Only trouble is that UK gas is more expensive. Europe uses a lot of Russian gas (or should we say Germany). All that has happened is that the price has gone up. THERE IS NO SUPPLY ISSUE AND NEVER HAS BEEN https://www.theguardian.com/business/2022/jan/24/how-vulnerable-is-uk-energy-system-as-tensions-rise-between-russia-and-ukraine Edited February 8, 2022 by Happier diner 1 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted February 8, 2022 Share Posted February 8, 2022 Aren’t natural gas & nuclear being proposed as green energy under EU climate transition policy, so not sure why daphne & a bunch of kids are whining? Quote Link to comment Share on other sites More sharing options...
0bserver Posted February 8, 2022 Share Posted February 8, 2022 52 minutes ago, Happier diner said: THERE IS NO SUPPLY ISSUE AND NEVER HAS BEEN Except there was last summer when the wind stopped blowing and there was a critical need for more gas to fire power stations just to keep the lights on. Or maybe blackouts aren't an issue? 2 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted February 8, 2022 Share Posted February 8, 2022 19 minutes ago, 0bserver said: Except there was last summer when the wind stopped blowing and there was a critical need for more gas to fire power stations just to keep the lights on. Or maybe blackouts aren't an issue? There is plenty of gas. It's just expensive. There is a shortage of gas fired power stations and not gas itself. 1 Quote Link to comment Share on other sites More sharing options...
The Phantom Posted February 8, 2022 Share Posted February 8, 2022 (edited) 12 hours ago, Max Power said: It's not just the price, it's the security of supply! These things always come down to money. You'd like to think that security would be a factor, but surely we can realise the actual reality of the situation. It's like when they stopped a lot of the Shale Fracking. It wasn't to do with protests, Fracking is expensive and when the oil price dropped, it wasn't viable to do it anymore. As the price comes back up, they'll probably start again. 41 minutes ago, 0bserver said: Or maybe blackouts aren't an issue? You should try going to South Africa sometime. Eskom (the national power co) now issues advance schedules so at least you know when there are going to be power cuts in advance. Edited February 8, 2022 by The Phantom Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 8, 2022 Share Posted February 8, 2022 BP now announce highest annual profits for eight years albeit following a huge loss posted last year. Quote Link to comment Share on other sites More sharing options...
Max Power Posted February 8, 2022 Share Posted February 8, 2022 2 hours ago, The Phantom said: These things always come down to money. You'd like to think that security would be a factor, but surely we can realise the actual reality of the situation. It's like when they stopped a lot of the Shale Fracking. It wasn't to do with protests, Fracking is expensive and when the oil price dropped, it wasn't viable to do it anymore. As the price comes back up, they'll probably start again. You should try going to South Africa sometime. Eskom (the national power co) now issues advance schedules so at least you know when there are going to be power cuts in advance. Recently a huge gas tanker heading from the USA to the far east was turned around halfway across the Pacific when the UK offered a higher price for the cargo than the original customer! Quote Link to comment Share on other sites More sharing options...
Boris Johnson Posted February 8, 2022 Share Posted February 8, 2022 5 hours ago, Max Power said: Recently a huge gas tanker heading from the USA to the far east was turned around halfway across the Pacific when the UK offered a higher price for the cargo than the original customer! Gasumping? 1 6 Quote Link to comment Share on other sites More sharing options...
A fool and his money..... Posted February 8, 2022 Share Posted February 8, 2022 The price of daylight, wind and the tides remain free and our supply is secure. A bit of foresight would have prevented the current problems, perhaps we should start now to avoid future problems. 2 Quote Link to comment Share on other sites More sharing options...
finlo Posted February 8, 2022 Share Posted February 8, 2022 3 minutes ago, A fool and his money..... said: The price of daylight, wind and the tides remain free and our supply is secure. A bit of foresight would have prevented the current problems, perhaps we should start now to avoid future problems. Too many vested interests to circumnavigate first! 1 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 8, 2022 Share Posted February 8, 2022 16 minutes ago, finlo said: Too many vested interests to circumnavigate first! And a big feck-off debt... 1 Quote Link to comment Share on other sites More sharing options...
A fool and his money..... Posted February 8, 2022 Share Posted February 8, 2022 (edited) 15 minutes ago, Non-Believer said: And a big feck-off debt... How much was it £120Million?, built in 2003 - so what's left on the debt? ETA the loan that is, not the power station? Edited February 8, 2022 by A fool and his money..... Quote Link to comment Share on other sites More sharing options...
finlo Posted February 8, 2022 Share Posted February 8, 2022 1 minute ago, A fool and his money..... said: How much was it £120Million?, built in 2003 - so what's left on the debt? I think it was nearer 500 million back in 2008! 1 Quote Link to comment Share on other sites More sharing options...
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