Interesting Comparison

[Hamloc]

Natural gas prices in Europe certainly have spiked this winter. Putin appears to have cooled them a bit yesterday with a promise of more exports to Europe.

To figure out a price comparison between the U.K. and North America I looked at the futures market. In U.K. the price is in pence per therm. A therm is 100000 BTU’s. The price today is 250 pence per therm or $3.27 USD. The Henry hub price is $5.52 per million btu’s. So you have to times the U.K. price by 10, so $32.70 in the U.K!!! Roughly 6 times what it is in North America. I thought according to Chuck2 the U.K. was producing all this renewable wind and solar energy? Europe is in the same situation with energy costs through the roof! Asian countries outbidding Europe for LNG. Not much LNG exports from Canada, government incompetence in getting projects approved. Environmentalists standing in the way.

[bucket]

Natural gas prices in Europe certainly have spiked this winter. Putin appears to have cooled them a bit yesterday with a promise of more exports to Europe.

To figure out a price comparison between the U.K. and North America I looked at the futures market. In U.K. the price is in pence per therm. A therm is 100000 BTU’s. The price today is 250 pence per therm or $3.27 USD. The Henry hub price is $5.52 per million btu’s. So you have to times the U.K. price by 10, so $32.70 in the U.K!!! Roughly 6 times what it is in North America. I thought according to Chuck2 the U.K. was producing all this renewable wind and solar energy? Europe is in the same situation with energy costs through the roof! Asian countries outbidding Europe for LNG. Not much LNG exports from Canada, government incompetence in getting projects approved. Environmentalists standing in the way.

The environmentalists sold them a bill of goods on wind and solar by blaming oil and gas for the problem..

Guess what , if they have to , the coal power plants will be running again so people dont freeze.

[AlbertaFarmer5]

Natural gas prices in Europe certainly have spiked this winter. Putin appears to have cooled them a bit yesterday with a promise of more exports to Europe.

To figure out a price comparison between the U.K. and North America I looked at the futures market. In U.K. the price is in pence per therm. A therm is 100000 BTU’s. The price today is 250 pence per therm or $3.27 USD. The Henry hub price is $5.52 per million btu’s. So you have to times the U.K. price by 10, so $32.70 in the U.K!!! Roughly 6 times what it is in North America. I thought according to Chuck2 the U.K. was producing all this renewable wind and solar energy? Europe is in the same situation with energy costs through the roof! Asian countries outbidding Europe for LNG. Not much LNG exports from Canada, government incompetence in getting projects approved. Environmentalists standing in the way.

Sounds like Build Back Better is succeeding.

[fjlip]

Build BACK? Like back to what year/time? STONEAGE?.

[Hamloc]

Sounds like Build Back Better is succeeding.

Yes if your a proponent of creating energy poverty for those at the low end of the income scale.

[Oliver88]

Build BACK? Like back to what year/time? STONEAGE?.

That’s what many environmentalists want…… of course they are the exceptions and Climate Barbie, Gore, Suzuki and friends will stick with private jets though. Check out McKennas farewell tour jet setting across Canada on the public purse.

[Hamloc]

A good article on this topic in the National Post today: Jesse Kline:The perfect storm threatens an energy crisis, and Canada isn’t positioned to take advantage of it.

[Guest]

What in the f u c k goes through some of these climatards heads when they watch this video ????????????
can it not be fathomed ????????