Not what I’d call an amazing solution… Government is planning to loan energy companies £5-6bn.
Don’t get me wrong it helps the short term problem of a potential crippling 100% increase in April – but I’m sure we’ll instead be paying 20% more for the next 5 years & prices will never return to their previous level.
What a bullshit headline.
The government has said “We need a plan to deal with that”. They haven’t _presented_ a plan and nobody knows what that might relate to in terms of practical help (if anything).
The household dont need hand outs, they need the wealth they helped increase directly through work or purchase which increased share value, to share in the profits….
Number of billionaires in UK reached new record during Covid crisis
Despite year of economic turmoil, 24 people became billionaires in UK during pandemic, taking total to 171
>companies would recoup the money from households over three to five years **as wholesale costs fall**.
If we’re using natural gas as a global transition fuel, it’s going to get more vital, not less. But it’s a depleting resource that gets more difficult to produce the more you produce.
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Not what I’d call an amazing solution… Government is planning to loan energy companies £5-6bn.
Don’t get me wrong it helps the short term problem of a potential crippling 100% increase in April – but I’m sure we’ll instead be paying 20% more for the next 5 years & prices will never return to their previous level.
What a bullshit headline.
The government has said “We need a plan to deal with that”. They haven’t _presented_ a plan and nobody knows what that might relate to in terms of practical help (if anything).
The household dont need hand outs, they need the wealth they helped increase directly through work or purchase which increased share value, to share in the profits….
Number of billionaires in UK reached new record during Covid crisis
Despite year of economic turmoil, 24 people became billionaires in UK during pandemic, taking total to 171
>companies would recoup the money from households over three to five years **as wholesale costs fall**.
Making some assumptions here.
But what if [the oil and gas industries are consuming exponentially more and more energy just to keep extracting oil and gas. That’s why they’ve entered a downwards spiral of increasing costs of production, diminishing profits, rising debt and irreversible economic decline](https://bylinetimes.com/2021/10/20/oil-system-collapsing-so-fast-it-may-derail-renewables-warn-french-government-scientists/).
If we’re using natural gas as a global transition fuel, it’s going to get more vital, not less. But it’s a depleting resource that gets more difficult to produce the more you produce.
What a [predicament](https://www.youtube.com/watch?v=MNzLkdr7UIU).