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The Brexit Trade deal

Discussion in 'Current Affairs' started by johnnyT, Jan 9, 2020.

  1. PorkchopExpress

    PorkchopExpress The Blackfish

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    TLC likes this.
  2. Papa Francesco

    Papa Francesco Registered User

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    Don't forget the crowns on our bloody pint glasses. RULE BRITTANIA
     
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  3. Habbinalan

    Habbinalan Registered User

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  4. Habbinalan

    Habbinalan Registered User

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    Pants are on fire again......


     
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  5. RedDevilsShinja

    RedDevilsShinja In need of a new username

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    If you think the energy situation is bad now just wait until the wind companies end up going under...

    Nothing about the fact that our dumb **** politicians let our energy reserves dwindle to zero? :rolleyes



    EDIT:


    Thank **** for this, we desperately need a long period of high wind to allow the government to build up reserves again for the inevitable bought of winter high pressure we'll face.
     
  6. StretfordEnd

    StretfordEnd Fools can be kings
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    How will long periods of high wind enable reserves to be built up? :confused
     
  7. RedDevilsShinja

    RedDevilsShinja In need of a new username

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    If we have high wind production that means we use less gas = more of what we can buy gets put into storage instead of using it all like what has been happening for the past 2 months.
     
  8. Habbinalan

    Habbinalan Registered User

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    No need to burn gas to generate electricity, so our much depleted reserves in storage might build up a bit - provided supply is available and someone is willing/able to pay the prices.
     
  9. StretfordEnd

    StretfordEnd Fools can be kings
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    Wasn't it revealed about 5 years ago though that the UK (under the tories) had done away with most of it's gas storage capacity?

    A decision to close permanently the UK’s largest natural gas storage site will leave the country more dependent on imports and greater volatility in prices in winter months, an alliance of energy companies has warned.

    The Energy & Utilities Alliance (EUA), a trade body whose members include SSE, EDF Energy and ScottishPower, is pressing for a Parliamentary inquiry into the long-term consequences of the closure of Centrica’s Rough storage site off the Yorkshire coast.

    Rough had been partially closed for the past year but Centrica announced in June that it would shut the site altogether, warning that the 32-year-old facility was at the end of its design life and could no longer be operated safely. The British Gas-owner added that a refurbishment of Rough would “not be economic”.

    Rough accounts for more than 70 per cent of the UK’s gas storage capacity and could meet 10 per cent of daily peak winter demand for nearly three months.

    The government is so far untroubled about Centrica’s decision and says the UK has already coped without the facility during previous periods of closure. Last winter, 6 per cent of gas supplies came from storage, with 42 per cent coming from Norway and 38 per cent from the North Sea, according to National Grid, which operates the UK’s electricity network and gas networks. A further 10 per cent was sourced via pipelines from continental Europe and 4 per cent was met by liquefied natural gas, which is shipped to the UK from locations such as Qatar.

    National Grid believes there will be sufficient gas available from such diverse sources to meet demand in the forthcoming winter. But some organisations are concerned that there is a complacency in Whitehall about the longer-term ramifications of the loss of a strategically important asset that provided a crucial supply buffer during winter months.

    The EUA points out that recent winters have been mild and therefore the market has not so far come under particular strain when Rough was unavailable. It is concerned the UK could be left exposed if a pipeline went down unexpectedly or if LNG shipments were disrupted. This almost certainly means greater volatility for gas prices this winter Mike Foster, The Energy & Utilities Alliance:

    “The closure of Britain’s largest storage site for natural gas gets rid of a vital supply buffer which allowed us to reduce reliance on gas imports,” said Mike Foster, the alliance’s chief executive. “This almost certainly means greater volatility for gas prices this winter.”

    Subscribe to read | Financial Times
     
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  10. Habbinalan

    Habbinalan Registered User

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    Presumably those businesses with gas in storage may be tempted to use it (EDF and Scottish Power) or sell it at current prices rather than buy and store. Then re-stock when prices fall.

    Most of the big users will have bought ahead or hedged their prices. Very little volume will be changing hands at current high prices but those that need to have supply and haven't bought ahead will now need to reduce use or pay through the nose - hence the US owned fertiliser factories shutting down and the smaller energy sellers going bust.

    Massive energy transition challenge tops next German government’s in-tray

    GB Gas Storage Facilities 2021
     
  11. MrLeeLemon

    MrLeeLemon 50+1

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    So we are running low on: food, gas, fuel and CO2?
     
  12. Riverside

    Riverside Registered User

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    At least there’s music and moonlight and love and romance.
     
  13. MrLeeLemon

    MrLeeLemon 50+1

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    Is this moonlight stuff any good on crackers?
     
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  14. Andy

    Andy Formerly Manutdlegend

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    Watched Question time tonight and oddly HGV is not on the skilled list for immigration even though we have massive shortfall. Odd
     
  15. StretfordEnd

    StretfordEnd Fools can be kings
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  16. PorkchopExpress

    PorkchopExpress The Blackfish

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    We didn't want any of it. Not British enough. The bebefits of french blue passports far outweighs the need for essentials.

    Brexit means Brexit!
     
  17. JTC77

    JTC77 Ugistered Reser

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    You'd have hoped the government would have changed that when the rumblings over the lack of HGV drivers began.
     
  18. Dez

    Dez Likely to cause offence.

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    Yet another Tory blunder that they've seen coming over the horizon but chose to ignore?

    I guess it's business as usual, then.
     
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  19. JTC77

    JTC77 Ugistered Reser

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    The show goes on.
     
  20. Andy

    Andy Formerly Manutdlegend

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    They’ve got Ballerinas on it though. At least when we are starving we can watch a good ballet?
     
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