RE: Climate, Carbon, Sulphur, Methane, Renewables4 Nov 2021 11:56
Jan - the problem here in Europe is the rather short-signted approach that the EU/UK have taken - hey, lets get all these carbon mandates in place and lets move quickly/er to a lower carbon world - and oh BTW, we think there's enough supply and there shouldn't be price shocks whilst we're doing this - I wonder where the problem with that theory is.
You've started to choke off investments into the Hydrocarbon sector and slapped on various regulations on local O&G companies - develop transition plans by 2023 as our resident eco-warrior Chilting confirms. With all these headwinds choking off supply, they still expect energy to be cheap???????? Whatever happened to Economics 101?
Would the average man that's not on these boards discussing their share investments, give 2 hoots about green transition when their spare income is being eaten up by this energy inflation? That's what the Yanks responded to in Virginia (and NJ nearly too) on Tuesday this week.
The only thing that can put a pause on this large scale energy price inflation in 2022 is a recession and oil may need to be above $125 before that's even a thought. Chilting's myopic climate vision (no offence Chilting) is certainly befitting of the liberal elites - clueless about ground realities that impact peoples' pockets and grandiose about where they think their country should move to, without taking into account global realities like why wt this is where we'll get to, and no thanks to green warriors. I may drive an electric car, but I'm no eco warrior. ;-)