The UK's energy policy over decades (and its reliance on the market) has now bitten us in the backside;
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The UK's energy policy over decades (and its reliance on the market) has now bitten us in the backside;
rather than have a strategic view of energy security, our political class have been convinced that markets would offer us energy at all times because it was in the sellers' interest.
The problem with such economic approaches is they assume that our markets relations are somehow inoculated from any wider disruption... it now turns out that this is very much not the case!
@ChrisMayLA6 It's only the same as what happened with Ukraine.
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The UK's energy policy over decades (and its reliance on the market) has now bitten us in the backside;
rather than have a strategic view of energy security, our political class have been convinced that markets would offer us energy at all times because it was in the sellers' interest.
The problem with such economic approaches is they assume that our markets relations are somehow inoculated from any wider disruption... it now turns out that this is very much not the case!
@ChrisMayLA6 get more North Sea oil and gas. Other countries will pay higher prices so export it. Unlike Norway N Sea oil belongs to World markets not UK
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@ChrisMayLA6 It's only the same as what happened with Ukraine.
@JustinMac84 @ChrisMayLA6 If China were ever to move in on Taiwan, we'd be in the same position with digital technology rather than oil. The effects would be less immediate, but just as far reaching.
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The UK's energy policy over decades (and its reliance on the market) has now bitten us in the backside;
rather than have a strategic view of energy security, our political class have been convinced that markets would offer us energy at all times because it was in the sellers' interest.
The problem with such economic approaches is they assume that our markets relations are somehow inoculated from any wider disruption... it now turns out that this is very much not the case!
The seller’s interest is to extract as much money as they can
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@ChrisMayLA6 get more North Sea oil and gas. Other countries will pay higher prices so export it. Unlike Norway N Sea oil belongs to World markets not UK
@John_Loader @ChrisMayLA6 How is generating greater profits for Oil companies relevant to UK energy security?
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The seller’s interest is to extract as much money as they can
RE: https://masto.ai/@rbreich/116296802515390419
More than a few people have remarked on the rather interesting timing of a bunch of futures trading. This kind of remarkable timing as seemingly become quite common for some reason in the last year or two
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@John_Loader @ChrisMayLA6 How is generating greater profits for Oil companies relevant to UK energy security?
It was, if I can interpret John's post, more about the market logic of maximising profits (for investors) rather than energy security (for all of us)
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RE: https://masto.ai/@rbreich/116296802515390419
More than a few people have remarked on the rather interesting timing of a bunch of futures trading. This kind of remarkable timing as seemingly become quite common for some reason in the last year or two
@GhostOnTheHalfShell @ChrisMayLA6
so what? it's a great way to make quick cash. Just copy whatever Republicans in congress are doing and get free money.
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@JustinMac84 @ChrisMayLA6 If China were ever to move in on Taiwan, we'd be in the same position with digital technology rather than oil. The effects would be less immediate, but just as far reaching.
@kbm0
On a side note: As the same effects on digital technology would hit China as well and would massively shrink the economic value of Taiwan, I bet that China wont launch a military attack to annex Taiwan anytime in the next 5-10 years.(I rather expext them to ramp up disinformation and hybrid war to influence people & elections in their favour)
@JustinMac84 @ChrisMayLA6 -
@kbm0
On a side note: As the same effects on digital technology would hit China as well and would massively shrink the economic value of Taiwan, I bet that China wont launch a military attack to annex Taiwan anytime in the next 5-10 years.(I rather expext them to ramp up disinformation and hybrid war to influence people & elections in their favour)
@JustinMac84 @ChrisMayLA6@musevg @kbm0 @JustinMac84 @ChrisMayLA6 China also can't afford the people that might be lost in a serious invasion attempt on Taiwan. They have a slight demographic problem on their hands already.
I would expect they'll try and restore Manchuria first. If Russia falls apart I'm sure they'll be "asked in" given the foundations they have laid for it so far.
Instead of Putin's little green men, they've been quietly building up a lot of business, influence and connections in former Manchuria.
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The UK's energy policy over decades (and its reliance on the market) has now bitten us in the backside;
rather than have a strategic view of energy security, our political class have been convinced that markets would offer us energy at all times because it was in the sellers' interest.
The problem with such economic approaches is they assume that our markets relations are somehow inoculated from any wider disruption... it now turns out that this is very much not the case!
@ChrisMayLA6 Blair et al just carried on Thatcher's neoliberalism. Starmer is no different.
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I agree (and boosted)
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@RobertoArchimboldi @ChrisMayLA6 When a political opponent describes your economic policies as dangerous or irresponsible, without ever explaining why, you know that:
a) They're scared
b) They're projecting
c) If you don't nip this shit in the bud, too many voters will be gulled into believing it -
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@John_Loader @ChrisMayLA6 How is generating greater profits for Oil companies relevant to UK energy security?
@duckwhistle @ChrisMayLA6 it prevents it. North Sea oil belongs to the companies not the UK so if the UK won’t pay their price they’ll sell it to other countries. Also we have to import different oils to blend with ours
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