Energy Prices (Strictly NO referrals!)

[the shadow]

Launderettes will start charging £1 for four minutes

 

[Jokester]

Seems insane, can any takeaway joints really operate if they're spending so much on utilities?

I can only see them having to charge a lot more for food, at a time when people are likely going to be spending less on takeaways due to having to find money to pay their own utility bills.

Small businesses will need a lot more support.

I would imagine these sorts of high volume, low cost takeaways will become unviable without big price increases as energy costs will already be a significant part of their costs.

 

[VincentHanna]

Saudi oil giant Aramco has broken its own record with a $48.4bn (£39.8bn) profit for the second quarter of 2022.

It is a 90% year-on-year increase and marks the biggest earnings for the world's largest energy exporter since its public listing three years ago.

Saudi Aramco: Oil giant tops own record with $48.4bn quarterly profit

The staggering profit comes amid soaring oil prices in the aftermath of Russia's invasion of Ukraine.

www.bbc.co.uk

 

[413x]

I would imagine these sorts of high volume, low cost takeaways will become unviable without big price increases as energy costs will already be a significant part of their costs.

And because of that they will fail.

Fewer people want to spend more on takeaway in normal times. Add people struggling and it's one of the easiest cut backs.

 

[Doobedoo]

Saudi Aramco: Oil giant tops own record with $48.4bn quarterly profit

The staggering profit comes amid soaring oil prices in the aftermath of Russia's invasion of Ukraine.

www.bbc.co.uk

Yet nothing to do with profiteering though

 

[200sols]

Yet nothing to do with profiteering though

Good luck controlling the Saudis.

 

[StriderX]

Good luck controlling the Saudis.

Pretty easy actually, just ignore Tehran.

 

[Doobedoo]

Good luck controlling the Saudis.

Puts to rest the nonsense about wholesale costs causing the rise of petrol prices though.

 

[muon]

Puts to rest the nonsense about wholesale costs causing the rise of petrol prices though.

It is wholesale prices. Did you even read the report?

Refineries are actually making more money compared to last year than the oil producers like Aramco. They've added 26p and 21p on to litre of diesel/petrol while crude oil prices has caused 20p. With crude oil prices going down the refining 'cost' will be an even larger cause.

Where do you think companies like shell, exxonmobil and BP are getting their record profits from?

 

[200sols]

Puts to rest the nonsense about wholesale costs causing the rise of petrol prices though.

In the UK anyway the main driver has been weak pound pushing oil to a new ATH in sterling terms aka high wholesale price and refining margins.

 

[ubersonic]

Some chippy called on LBC saying his gas unit rates are going up 15x!

He needs to switch to electric tools, gas fired nailguns are so 1800s

 

[Doobedoo]

It is wholesale prices. Did you even read the report?

Refineries are actually making more money compared to last year than the oil producers like Aramco. They've added 26p and 21p on to litre of diesel/petrol while crude oil prices has caused 20p. With crude oil prices going down the refining 'cost' will be an even larger cause.

Where do you think companies like shell, exxonmobil and BP are getting their record profits from?

90% increase on last year which is about in-line with price increase at the pump.

 

[LabR@t]

burn the whole lot of them to ground, money grabbing ******************

 

[200sols]

burn the whole lot of them to ground, money grabbing ******************

Yeah that'll solve it. Back to the dark ages

 

[LabR@t]

Yeah that'll solve it. Back to the dark ages

There needs to be a reckoning, hoarding that much wealth is not good

 

[LabR@t]

https://www.independent.co.uk/news/business/news/uk-blackouts-energy-crisis-b2144109.html?amp

How does turning power stations OFF help lower demand?

 

[theone8181]

Mains gas or Bottled?

If mains gas (and assuming you also have a gas boiler) you could switch to a boiler-fed shower instead to reduce your spike load and also swap some electrical energy to gas energy which is cheaper?

I could go to combi but then I'd sacrifice the power shower. I'm ensuring whether the cost of panels would be a better investment than batteries though.

 

[Puzzled]

https://www.independent.co.uk/news/business/news/uk-blackouts-energy-crisis-b2144109.html?amp

How does turning power stations OFF help lower demand?

You could read your own article

This includes asking gas-fired power generators to “load-shed” – a process that involves power plants turning off or curbing their operations in a bid to ease the pressure on energy networks by cutting gas consumption.

 

[200sols]

There needs to be a reckoning, hoarding that much wealth is not good

It won't happen, a reckoning or revolution. No. What is your alternative to capitalism BTW?

 

[Dis86]

Just locked in our energy costs at work. £2.9M next year.