☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish · 18 days agoBritain has just two days of gas as Middle East flow runs dry. Shrinking reserves could spark potential crisis with UK now paying highest wholesale price in Europe.www.telegraph.co.ukexternal-linkmessage-square19linkfedilinkarrow-up1120arrow-down10cross-posted to: worldnewsworldnews@lemmy.ml
arrow-up1120arrow-down1external-linkBritain has just two days of gas as Middle East flow runs dry. Shrinking reserves could spark potential crisis with UK now paying highest wholesale price in Europe.www.telegraph.co.uk☆ Yσɠƚԋσʂ ☆ to news@hexbear.netEnglish · 18 days agomessage-square19linkfedilinkcross-posted to: worldnewsworldnews@lemmy.ml
minus-squaregodisidog [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up23·18 days agoApparently these are normal storage levels for this time of year, and most British gas comes from its own natural supplies or Norway. The war might be disruptive but this situation is far from existential for Britain.
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkEnglisharrow-up3·17 days agoThing is that all gas is going to go up in price because demand is inelastic, and supply has shrink significantly. It might not be existential, but it’s certainly going to raise prices.
Apparently these are normal storage levels for this time of year, and most British gas comes from its own natural supplies or Norway.
The war might be disruptive but this situation is far from existential for Britain.
Thing is that all gas is going to go up in price because demand is inelastic, and supply has shrink significantly. It might not be existential, but it’s certainly going to raise prices.