Unfortunately, there is no "cutting back", the North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn. en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline It isn't a political choice that we now import much of our oil and gas, but an economic one. It is simply less and less economical to extract the last dregs. That's why the path to renewed energy independence will necessarily involve harnessing our abundant wind potential. There's little else resource-wise the UK can do to become less dependent on others.
5minutes of beating around the bush, avoiding saying that American oil corporations are deindustrializing Europe and arms manufacturing corporations use Ukranian bodies to increase stock profits.
That's idiotic. Putin invaded Ukraine without provocation, to expand the russian empire and gain control of the Black Sea. There was no mention of American oil companies. They have nothing to do with Germany's industrial slow down
What the media never tells us, is that clean energy (now 40% of Britain's energy) prices are STILL linked to fossil fuel prices. Until Clean Energy is de-linked from GAS, we will continue to pay through the nose!
We are paying for this green electric twice. As majority of it is subsididesd by the Government. Who pays them us. Then we pay again for using it, while Miliband and his mates are raking it in. Not to mention the amount of duty we pay on fuel. This Government is ripping us off left right and centre. Wait till the next budget comes. Council tax rates are more than likely to skyrocket.
Exactly! All this wind is a complete scam! People just think wind is 9x cheaper than gas like the BBC and co tell us, but the actual price of energy is still being set by gas and therefore will stay expensive. Not to mention the tens of billions needed to reform the grid to cope with all the wind.
Correct. Wind and solar should receive a fixed price availability based contract, and no payment for energy. This would simplify and reduce the cost of financing of wind farms and solar arrays because the income would be guaranteed, and not weather dependent. In today's market where every electricity generator receives the wholesale marginal price as determined by the most expensive generator in operation at the time, owners of large wind farm are becoming billionaires, even though they incur no additional cost whatsoever when gas for a peaking power plant increases in price
@@FrankLloydTeh If EU wana remain competitive on the wolrd market "need" cheap energy and raw materiarls!Without these gona banckrupt !In thys moment at thys price on gas they(EU) going ahead full speed in recesion and destroyed theyr economies !
Putin destroyed it. Like a jealous lover he decided "If I can't use it nobody can". Not that it matters. It was closed down and was NEVER going to be used again. It was sea trash.
In germany energy prices are brutal. Not only that but price of health insurance and food has doubled. EU put sanctions on russia but im reality european middle and working class are the ones being sanctioned
But ur leaders and many of their supporters think RUSSIA will just collapse in 2 years and Its not a russia-ukraine war ITS RUSSIA-US war while Ukraine is the scapegoat,Europe is suffering and US is benifitting from this war,
That is wrong, energy prices have fallen and are at the same level as in 2019. Health insurance has increased by 0.8 percentage points, food prices have increased by 30% from 2020 to today. However, real wages have also increased by 30%
the Democrats at the US thought to make sure EU will never threaten their hegemony, they decided to destroy Russia - EU relationship with playing around at Ukraine........
Indian Dalits pay for Russian gas in Rupees and those Rupees are like the Ruble basically worthless on the international currency exchanges. Russian gas exports to Europe are at a all time low and decreasing very single day.
People weren't angry that India was getting oil, they were mad that India drastically increased their oil imports from Russia when the invasion started. Making them their primary oil supplier. While other countries slowly lowered their imports of gas and oil from Russia.
@@cerulyse what he meant was, Russia will sell their oil more to INDIA and China and these two countris are fastest growing oil markets, with already 2nd and 3rd biggest oil markets.
I work in the energy industry and saw this coming, recently signed-up to a fixed-price gas and electricity contract. In the long term it's not expensive gas that will drive-up energy prices, Ed Miliband's net-zero energy policies will douple electricity prices, and create energy shortages. Mark my words!
@ElliottSpencer-hn9qg Unfortunately, there is no "lifetime supply". The North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn. en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline It isn't a political choice that we now import much of our oil and gas, but a economic one. It is simply less and less economical to extract the last dregs. That's why the path to renewed energy independence will necessarily involve harnessing our abundant wind potential. There's little else resource-wise the UK can do to become less dependent on others.
I cannot understand why so many news people seem to be rejoicing when their main energy supply lines are destroyed or stopped. Now the complain. Like madness
Russian total govt debt in 2024 = $293 billion. U.S. Debt Interest payments for it's $35.3 Trillion govt debt, is over $1 Trillion per annum. U.S. total govt debt in 1924 was $394 billion.
@Soul_of_a_Robot It means Russia's debt to Gdp is the lowest in the world by far(3 years into a huge war) and the US and NATO are crippled by a debt snowball not seen since the Roman empires 4th century AD.
We need to start extracting our own again and not selling it to anyone else. The market prices are being used against us. Its obvious why we pay so much now.
@tims9434 russian gas was cheaper to bring in then the cost to extract our own gas US is charging us triple compared to what we were paying to russia absolutely ridiculous
Nothing saying the Americans won't buy Russian LNG and then resell it as American supplied LNG to Europe, at American pricing levels to Europe. Not mates rates.
Except that’s not what America is doing. What a dumb example! This isn’t even happening, the US is selling American LNG it’s against their interests to have Russian LNG sold
Unfortunately, there isn't much left, even with the best will in the world. The North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn. en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline It isn't a political choice that we now import much of our oil and gas, but an economic one. It is simply less and less economical to extract the last dregs. That's why the path to renewed energy independence will necessarily involve harnessing our abundant wind potential. There's little else resource-wise the UK can do to become less dependent on others.
So they dig LNG out of the Earth, freeze to liquid, transport half-way the Earth, store in big facility, convert back to gas form. How is all this supposed to save mother Earth? 🥱
@@oceanwave4502 We use it in the transition to fully renewable power. It takes time to change infrastructure. Gas produces less CO2 than any other fossil fuel so it is a reasonable transition power source. Better than oil or coal.
I believe everyone can see the pattern behind Nord stream pipeline destruction, sanctions led by USA, and vested interest of USA in LNG export. It’s the UK/Europe who is suffering but they are happy sleeping with their enemy without any resistance or an exit plan.
Germany is not as dependent on gas and oil as the UK. Meanwhile, the share of renewable energy in Germany has risen to 62% (in the UK it is still only 40%) Oil and gas are more commonly used for heating. While in Germany only 50% of households depend on oil and gas, in the UK it is 90%.
They are not. Industrial energy is mostly heat from gas. ....... Green energy only makes electricity much more expensive but electricity is just a smaller part of industrial. H2 green just forget it very expensive h2 is a bad energy carrier due to density. Eff loss producing and transporting only ideologist still believe in it
@@random_nick_for_comments Car industry. It was doomed to happen. After pandemic it become clear people could work remotely and avoid the rat race, long commute, (and the ostentatious showing own cars as social status). I wonder how many youngsters are still looking to get a driving license. There are now electric bikes, electric trotinettes, lots of options.
We in the Global South observe that: we have to beg IMF/WB for just a few billion dollars as LOANS! But this process is extremely lengthy. In contrast, we see the West just gives Ukraine +200 billions for free... Just like that!
Net Zero is Cap and Trade by another name. The Russian oil and gas is just being sold to places like India far cheaper than we can buy it so manufacturing moves to India.
UK needs to keep building wind farms - we have 10× the potential renewable energy our entire economy needs in offshore wind - and synthesise e-NG (renewable natural gas) domestically into our gas main with 'excess' wind energy. It won't make bills cheaper, but more and more money will circulate domestically, employing people, and powering startup industry, and making us feel better off. No other plan will work for UK. Our renewables 'good fortune' (gigantic but unpredictable wind) is different from other countries' renewables (such as easily controllable hydro) good fortune.
The EU was made to make us competitive against the other major blocks. There are no words to describe how EU leaders failed! Time to be held accountable. Sack Von der Leyen!
why does the term "cutting off your nose to spite your face" keep coming into my mind? I believe US LNG is 4 times more expensive than Russian pipeline gas
@@richardmarsden5610: Российская Федерация (РФ) на самом деле империя, ориентированная на Москву. Россия в заложниках у Москвы - Москва является центром управления преступным режимом.
If everyone does their bit, energy prices will reduce. I moved to a sunny climate and invested in photovoltaics. I pay no electricity. My next step is an electric car which will run on free electricity. I've doney bit.
Gas price in Europe during exchange trading on January 7 fell below $500 per 1,000 cubic meters for the first time since December 27, according to data from London's ICE exchange. The total price decline since the beginning of the day reached about 2%. The price of February futures at the TTF hub in the Netherlands fell to $495.6 per 1,000 cubic meters or 46 euro per MWh (based on the current euro-dollar exchange rate, ICE prices are presented in euro per MWh). The price of gas in Europe gradually increased in late December in anticipation of the end of Russian gas transit through Ukraine.
@@marviwilson1853 Ukraine signed a treaty to remain a neutral country after the dissolution of the USSR, but instead decided to accept invitation to join NATO. Whatever happens to it is just the consequences of its decisions
@@Soul_of_a_Robot NATO invitation of Georgia and Ukraine came before the so called "interference" and from that, things changed. Neutral counties not neutral anymore. Georgians have returned to neutrality, I see. The west won't accept it though.
The North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn. en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline
EU went from about 50% to around 5% of imports from Russia in about just 1 year after Russia invasion of Ukraine. India is increasing buy natural gas and oil After Russia invaded Ukraine. India is too friendly to Russia/Putin. About the 5% or so, some EU countries are very friendly (too much friendly) to Russia/Putin, heck Putin managed to put his pawns politicians on head of those countries. Ukraine recently shutdown the pipeline going from Russia to some eastern european countries, some of those countries better turn to EU as they’re landlocked.
Net zero is actually good gives us control of our own energy. Energy is power these days. That's why Russia thought they'd get away with invading Ukraine because their energy means they have so much power. If we can stop using their gas they have no power over us. The government need to hurry up and install more solar panels and wind turbine and wave turbines
Russia become the second largest gas supplier to the EU after Norway by the end of 2024, overtaking the United States, as follows from statistics released by the European think tank Bruegel. Supplies of Russian liquefied natural gas (LNG) to the EU increased by 21% to a record 21.5 billion cubic meters. EU import of Russian LNG in 2024 amounted to almost 21.5 billion cubic meters against 17.8 billion cubic meters a year earlier and 19 billion cubic meters in 2022. In particular, in December 2024, Russian LNG was delivered to Europe in an amount of 2.16 billion cubic meters - an all-time record since 2019. Total Russian gas deliveries to the EU last year amounted to about 54.45 billion cubic meters, according to Bruegel. This is more than the US supplied (51.3 billion cubic meters), but less than Norway (93.3 billion cubic meters). Russia has become the second largest gas supplier to the EU in 2024.
Prices will go up because Norway and Qatar are blackmailing Europe. The USA using the situation rises prices of LNG. Cutting off from the Russian gas supply will have a catastrophic effect.
Really? And how is Norway blackmailing Europe? Production has been ramped up and supply is higher than ever (even though graph says others are not producing). Norway does not set the price - the world does. Edit: lol - the account posting is a russian troll. Nice try comrade.
EU doesn't have much options available. Thus, it is at the mercy of Norway/Qatar. By the way, Qatar doesn't like many aspects of working with EU: they know EU moves to Green soon in the future, thus, won't buy much fossile fuel from Qatar. Qatar hesitates in investing a lot in projects with EU. EU also demands other irrelevant things such as environment protection. In short, Qatar has no incentive in massively offering EU the LNG needed, in replacement of Russia's.
95% of the gas Norway delivers to Europe is piped gas that only can be sold one place, at the end of the pipeline. LNG on the other hand can be shipped around the world and sold to the highest bidder.
The government should change policies to encourage oil and gas exploration in the North Sea. Promoting domestic oil and gas production will help both economic growth and national energy security.
Europe really needs to up the game on residental solar and batteries. No way out of this, its the only "fast-ish" way of both energy independence (+cheap energy) as well of rebuilding our european economy.
It isn't gas 'rationing' as a fancy word. The industries closed down due to a lack of cheap pipeline gas rather than increasing their use of any of the other expensive gas sources.
Energy from green sources wind, solar, tidal is actually by far the cheapest. Sadly 70% of UK energy is gas and that is what is expensive and reason bills are going up. Problem is we have not yet got enough green infrastructure to produce the cheap green energy.
@meglobob9217 I am all for Tidal power. As it provides a good steady and efficient energy production. Wind and solar is too vulnerable to undesirable weather conditions.
Well explained, a professional approach to journalism - pure facts. As economy suffers from more expensive gas, defense sector wins from selling shells to Ukraine, however, doubtfully that economy is better off, as gas is in every household.
The Russian state can make peace whenever it wants, by withdrawing its troops from Ukraine's territory and returning to internationally recognised 1991 borders.
Russia is more on the brink than the UK is. It's just that the Russians are very good at hiding it. They are bleeding massive foreign reserves to prop up the Ruble.
No it bankrupts the United Federation of Fascists because 95% of all UK gas comes from our domestic production and that pays our companies give payouts to our shareholders. Like my Granny who brought shares in British gas and gets a nice payment each year.
so if gas prices are more or less what they were pre invasion and electricity prices are tied to gas prices why the hell has the unit price for electricity gone up 330%?!
Hmmm, can LPG (autogas) cars have a good future in the UK post 2035? LPG can be converted into alkylate which is a premium gasoline blending stock because it has exceptional anti-knock properties and gives clean burning.
Because the right wing sold out hydrocarbons to private companies unlike Norway who own their oil and keeps the profits. allow Labour have only been in power for 6 months and these things take time to change.
What’s even more insane is Ukraine was still getting a lot of its gas from Russia until very recently. Two countries literally firing missiles at each other still trading.
What this guy is talking about??!? Back when sanctions to Russia natural gas and oil was being discussed, UK was saying that it wasn’t buying any from Russia!!!! And now this guy is justifying UK’s gas prices going up with this whole “storytelling”??!?
So the UK cuts back on local production, but pays more for the same LNG by other sources. Genius
Unfortunately, there is no "cutting back", the North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn.
en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline
It isn't a political choice that we now import much of our oil and gas, but an economic one. It is simply less and less economical to extract the last dregs. That's why the path to renewed energy independence will necessarily involve harnessing our abundant wind potential. There's little else resource-wise the UK can do to become less dependent on others.
But it's better. Net Zero but with Gas shipped from USA as opposed to pipes from Russia 😂
@@PK-xu7guthe UK wasn't supplied from Russia. It has had so much surplus wind energy that suppliers have been paid to stop supplying
5minutes of beating around the bush, avoiding saying that American oil corporations are deindustrializing Europe and arms manufacturing corporations use Ukranian bodies to increase stock profits.
Exactly.
So I guess US shouldn't even send that LNG to Europe... so as not to interfere.
👏🏻🙌🏻
Yes, masterstroke from Putin! putin clearly wanted to help the USA.
That's idiotic. Putin invaded Ukraine without provocation, to expand the russian empire and gain control of the Black Sea.
There was no mention of American oil companies. They have nothing to do with Germany's industrial slow down
What the media never tells us, is that clean energy (now 40% of Britain's energy) prices are STILL linked to fossil fuel prices. Until Clean Energy is de-linked from GAS, we will continue to pay through the nose!
Then there would be zero investment in renewable as they're only viable this way.
We are paying for this green electric twice. As majority of it is subsididesd by the Government. Who pays them us. Then we pay again for using it, while Miliband and his mates are raking it in.
Not to mention the amount of duty we pay on fuel.
This Government is ripping us off left right and centre. Wait till the next budget comes. Council tax rates are more than likely to skyrocket.
Exactly! All this wind is a complete scam! People just think wind is 9x cheaper than gas like the BBC and co tell us, but the actual price of energy is still being set by gas and therefore will stay expensive. Not to mention the tens of billions needed to reform the grid to cope with all the wind.
It’s an alternative energy, there is nothing clean about it
Correct. Wind and solar should receive a fixed price availability based contract, and no payment for energy. This would simplify and reduce the cost of financing of wind farms and solar arrays because the income would be guaranteed, and not weather dependent. In today's market where every electricity generator receives the wholesale marginal price as determined by the most expensive generator in operation at the time, owners of large wind farm are becoming billionaires, even though they incur no additional cost whatsoever when gas for a peaking power plant increases in price
a strong European economy based on cheap Russian raw materials is not the interest of the USA.
It's not in the interest of Europe either.
@@Joshpox a lot of people in the comments section seem to want to remain dependent on Russian gas.
@@FrankLloydTeh If EU wana remain competitive on the wolrd market "need" cheap energy and raw materiarls!Without these gona banckrupt !In thys moment at thys price on gas they(EU) going ahead full speed in recesion and destroyed theyr economies !
or Europe
@@FrankLloydTeh most are not even from europe XD
Nord Stream was destroyed he tells us. Didn't mention by whom though.
Putin destroyed it. Like a jealous lover he decided "If I can't use it nobody can". Not that it matters. It was closed down and was NEVER going to be used again. It was sea trash.
It's not in the UK's strategic interest to mention that 😂
Ukraine destroyed it - proven to be very tactically wise given that we said we'd stop buying from Russia and funding their war and then didn't.
(The US for anyone who didn’t know)
America did destroy that
In germany energy prices are brutal. Not only that but price of health insurance and food has doubled. EU put sanctions on russia but im reality european middle and working class are the ones being sanctioned
But ur leaders and many of their supporters think RUSSIA will just collapse in 2 years and Its not a russia-ukraine war ITS RUSSIA-US war while Ukraine is the scapegoat,Europe is suffering and US is benifitting from this war,
That is wrong, energy prices have fallen and are at the same level as in 2019. Health insurance has increased by 0.8 percentage points, food prices have increased by 30% from 2020 to today. However, real wages have also increased by 30%
@@nettcologne9186 THEN WHY GERMANY Is almost ina recession? with growth rate of 0.1,-0.3 and so on, and can u not see the deindustrialisation?
Thank mr Zelenskyy
@@nettcologne9186cool story bro lol
Do the maths on how many LNG tankers are needed to replace the pipelines
Also transportation costs
😊
the Democrats at the US thought to make sure EU will never threaten their hegemony, they decided to destroy Russia - EU relationship with playing around at Ukraine........
So Europe is still getting gas from Russia, but then gets mad at India for buying Russian oil? 😂😂
Not just Europe even Ukraine was getting gas from Russia until 31.12.2024. 😂😂
Indian Dalits pay for Russian gas in Rupees and those Rupees are like the Ruble basically worthless on the international currency exchanges. Russian gas exports to Europe are at a all time low and decreasing very single day.
People weren't angry that India was getting oil, they were mad that India drastically increased their oil imports from Russia when the invasion started. Making them their primary oil supplier. While other countries slowly lowered their imports of gas and oil from Russia.
Being former colonizers, they have the privilege to buy Russian oil and gas
@richardsanders.4624 wow, racist much?
as a European ..watching European media is like watching the circus ..
🤡🤡🤡
Not lol Europeans are intelligent and educated 😅
😂😂😂😂
Cheap Russian Gas is bad
marked up priced gas from Russia via 3rd party is good ^_^
but colder
Great, china and india will buy at cheaper rates
There's nothing like the EU pipeline going to India or Russia
China completed the longest gas pipeline in the world and has recently started receiving Russian gas.
@@cerulyse what he meant was, Russia will sell their oil more to INDIA and China and these two countris are fastest growing oil markets, with already 2nd and 3rd biggest oil markets.
Cheap Russian Gas is bad
marked up priced gas from Russia via 3rd party is good ^_^
If Asian continent play it right their economies will shoot up like never before
I work in the energy industry and saw this coming, recently signed-up to a fixed-price gas and electricity contract. In the long term it's not expensive gas that will drive-up energy prices, Ed Miliband's net-zero energy policies will douple electricity prices, and create energy shortages. Mark my words!
When we are sitting on a lifetime supply of North Sea gas. Your bills could be £10 a month
I remember when north sea oil was discovered, oil and gas at next to nothing prices. Then the British politicians got involved.
@ElliottSpencer-hn9qg Unfortunately, there is no "lifetime supply". The North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn.
en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline
It isn't a political choice that we now import much of our oil and gas, but a economic one. It is simply less and less economical to extract the last dregs. That's why the path to renewed energy independence will necessarily involve harnessing our abundant wind potential. There's little else resource-wise the UK can do to become less dependent on others.
And the winners are , the US ...
Mission accomplished.
Same Russian molecules just with a middleman at 4X price! Brilliant EU, brilliant!
I live in Lithuania and I am freezing looking at those charts... No idea how I will survive this winter...
By stopping the war in Ukraine.
I cannot understand why so many news people seem to be rejoicing when their main energy supply lines are destroyed or stopped. Now the complain. Like madness
News is clickbait "entertainment" they exaggerate everything except the threat of the Russians and the IRGC.
Russian total govt debt in 2024 = $293 billion. U.S. Debt Interest payments for it's $35.3 Trillion govt debt, is over $1 Trillion per annum. U.S. total govt debt in 1924 was $394 billion.
That means nothing though. Sure, anyone can quote a figure... what does it mean in reality though?
@Soul_of_a_Robot It means Russia's debt to Gdp is the lowest in the world by far(3 years into a huge war) and the US and NATO are crippled by a debt snowball not seen since the Roman empires 4th century AD.
We need to start extracting our own again and not selling it to anyone else. The market prices are being used against us. Its obvious why we pay so much now.
@tims9434 russian gas was cheaper to bring in then the cost to extract our own gas US is charging us triple compared to what we were paying to russia absolutely ridiculous
The big picture - everybody's colder and poorer.
This man reminds me of faulty towers.
Don’t mention the war!
Nothing saying the Americans won't buy Russian LNG and then resell it as American supplied LNG to Europe, at American pricing levels to Europe. Not mates rates.
It's crazy how America can do whatever it wants and whatever benefits them without anyone judging them
Cheap Russian Gas is bad
marked up priced gas from Russia via 3rd party is good ^_^
Except that’s not what America is doing. What a dumb example! This isn’t even happening, the US is selling American LNG it’s against their interests to have Russian LNG sold
There was information that America wants to buy the Nord Stream pipeline, repair it and supply Russian gas to Europe.
I thought the UK had there own north sea gas,….
Oops,its dont belong to the UK and 80% is exported
Unfortunately, there isn't much left, even with the best will in the world. The North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn.
en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline
It isn't a political choice that we now import much of our oil and gas, but an economic one. It is simply less and less economical to extract the last dregs. That's why the path to renewed energy independence will necessarily involve harnessing our abundant wind potential. There's little else resource-wise the UK can do to become less dependent on others.
Basically, they're getting Gas through LNG instead of pipeline through Russia 😂😂😂
Putting it how it is without the waffle
So they dig LNG out of the Earth, freeze to liquid, transport half-way the Earth, store in big facility, convert back to gas form. How is all this supposed to save mother Earth? 🥱
@@oceanwave4502 We use it in the transition to fully renewable power. It takes time to change infrastructure. Gas produces less CO2 than any other fossil fuel so it is a reasonable transition power source. Better than oil or coal.
Math never was your strongest point, was it? 😏
😂😂
I believe everyone can see the pattern behind Nord stream pipeline destruction, sanctions led by USA, and vested interest of USA in LNG export. It’s the UK/Europe who is suffering but they are happy sleeping with their enemy without any resistance or an exit plan.
how is german manufacturing surviving?
It isn't surviving, it fires people and close factories
Germany is not as dependent on gas and oil as the UK. Meanwhile, the share of renewable energy in Germany has risen to 62% (in the UK it is still only 40%)
Oil and gas are more commonly used for heating. While in Germany only 50% of households depend on oil and gas, in the UK it is 90%.
They are not. Industrial energy is mostly heat from gas. ....... Green energy only makes electricity much more expensive but electricity is just a smaller part of industrial. H2 green just forget it very expensive h2 is a bad energy carrier due to density. Eff loss producing and transporting only ideologist still believe in it
@@random_nick_for_comments
Car industry.
It was doomed to happen. After pandemic it become clear people could work remotely and avoid the rat race, long commute, (and the ostentatious showing own cars as social status).
I wonder how many youngsters are still looking to get a driving license.
There are now electric bikes, electric trotinettes, lots of options.
It isnt
And yet we have our own gas, but our government don’t want us to have it and would rather us pay more for another country to supply it. Maddness!
Who stopped ✋️ the gas from Russia? Please remind me...
The old people have no heating this winter... diabolical / shocking
Yes they do. Stop pushing fake news.
Putler stopped the gas from ruzzia
ivan stop crying
I am sure British people will endure anything for Ukraine..😂😂
They should also accept refugees of Ukraine as well 😉
@@BarunKumar-v6t we have
@@BarunKumar-v6t They do 😉
We in the Global South observe that: we have to beg IMF/WB for just a few billion dollars as LOANS! But this process is extremely lengthy. In contrast, we see the West just gives Ukraine +200 billions for free... Just like that!
We have but now we have had enough
Net Zero is Cap and Trade by another name. The Russian oil and gas is just being sold to places like India far cheaper than we can buy it so manufacturing moves to India.
UK needs to keep building wind farms - we have 10× the potential renewable energy our entire economy needs in offshore wind - and synthesise e-NG (renewable natural gas) domestically into our gas main with 'excess' wind energy. It won't make bills cheaper, but more and more money will circulate domestically, employing people, and powering startup industry, and making us feel better off. No other plan will work for UK. Our renewables 'good fortune' (gigantic but unpredictable wind) is different from other countries' renewables (such as easily controllable hydro) good fortune.
America is winning who's supplying expensive LNG to Europe 😂
...and who is making a fool out of themselves? 😂
Price of freedom. I rather pay more that Russian blood-gas.
So European storage is precisely where we'd expect it to be ? Huh ?
Indeed fearmongering for nothing
Wait until the power of Serbia 2 pipeline finishes. Europe will not be able to compete with Asia.
Pipelines are now an endangered species.
It will never be finished, China wants big discounts.
Lift all sanctions on Russia, let everyone have a good and cheap life. Things are just too expensive
To fund Russia military rearmament?
@@Cav-z1y Why shouldn't Russia have an army?
@@dalecrocker3213 Because giving them funding to rearm puts them back in position to reinvade Ukraine or worse invade nato or any other nation
@@Cav-z1y the sanctions clearly didnt work, the EU just made a fool of itself
@@kappa882 The special military operation clearly didn't work, Russia just made a fool of itself
The EU was made to make us competitive against the other major blocks. There are no words to describe how EU leaders failed! Time to be held accountable. Sack Von der Leyen!
Firstly your facts are wrong, Europe is competitive enough against other similar economies. Secondly we should sack lying propagandists.
why does the term "cutting off your nose to spite your face" keep coming into my mind? I believe US LNG is 4 times more expensive than Russian pipeline gas
We were idiots to stop Russian gas coming to the UK US is charging us double to bring it in tankers
With ruzzian gas comes rusky mir and no one wants that
@@FlipmoDownUnder Most westerners would be more than happy to exchange Western woke liberalism for Russian traditional-values conservatism, I'd wager.
😂😂😂
Поэтому скажите, а почему карлика без рубашки действовавший из московского кремля отдал приказ напасть на Украину это в первую очередь?
@@richardmarsden5610: Российская Федерация (РФ) на самом деле империя, ориентированная на Москву.
Россия в заложниках у Москвы - Москва является центром управления преступным режимом.
Where’s all that abundant and cheap renewable energy that we were told about?
See my comment above...
So the renewable companies are ripping everyone off. PS. Renewables do not supply 40% of the UK’s energy.
Why are they charging such orices? Is it a con?
So much for affordable energy security for the UK!
If everyone does their bit, energy prices will reduce. I moved to a sunny climate and invested in photovoltaics. I pay no electricity. My next step is an electric car which will run on free electricity. I've doney bit.
Excellent piece. I wish more TV news brought this level of quality. Well explained too.
Britain only relied on 3% of Russia's oil and gas before they invaded Ukraine, it was 0% shortly after
US are charging us triple what we were paying Russia its absolutely crazy mate
Of course they’re not upping production in Europe, it means they can make more money on the gas they have in supply.
Gas price in Europe during exchange trading on January 7 fell below $500 per 1,000 cubic meters for the first time since December 27, according to data from London's ICE exchange. The total price decline since the beginning of the day reached about 2%.
The price of February futures at the TTF hub in the Netherlands fell to $495.6 per 1,000 cubic meters or 46 euro per MWh (based on the current euro-dollar exchange rate, ICE prices are presented in euro per MWh).
The price of gas in Europe gradually increased in late December in anticipation of the end of Russian gas transit through Ukraine.
russia won this game long time ago wake up people
About time we stopped them then.
sure they won, now they supply gas to china for food
Germany should not have stopped their nuclear power plants
Yet another reason for making peace with Russia, instead of backing US warmongers.
Make peace with Russia and risk not expanding NATO to Russian borders, just to embarrass Putin? No way. That's not how Europeans do things.
Was it possible to make peace with Hitler? Not really. Putin is no different. Same man. same ideas, different time.
@@marviwilson1853 Ukraine signed a treaty to remain a neutral country after the dissolution of the USSR, but instead decided to accept invitation to join NATO. Whatever happens to it is just the consequences of its decisions
@@fabianabongo6284they didn't sign up for Russian interference though.
This is what happens when people get tired of dictatorships and power plays
@@Soul_of_a_Robot NATO invitation of Georgia and Ukraine came before the so called "interference" and from that, things changed. Neutral counties not neutral anymore. Georgians have returned to neutrality, I see. The west won't accept it though.
And if course...the Tories sold off our storage
Uk Gas production has decreased? 🤨 madness
The North Sea is simply depleted. Peak production was back in 1999, long before any transition or mandates. We've extracted nearly 50bn barrels of oil and gas equivalent from the North Sea, and our proven remaining reserves are now about 3bn.
en.wikipedia.org/wiki/North_Sea_oil#Peaking_and_decline
What! EU is still buying from Russia while they complain about India buying from Russia.😄
EU went from about 50% to around 5% of imports from Russia in about just 1 year after Russia invasion of Ukraine.
India is increasing buy natural gas and oil After Russia invaded Ukraine. India is too friendly to Russia/Putin.
About the 5% or so, some EU countries are very friendly (too much friendly) to Russia/Putin, heck Putin managed to put his pawns politicians on head of those countries. Ukraine recently shutdown the pipeline going from Russia to some eastern european countries, some of those countries better turn to EU as they’re landlocked.
UK and US could live without Russian gas.. Guess not😂😂😂
Net zero will send us back to the stone age.
In the stone age we still had fire, so it should be prestone age or just start of it
😂
Net zero is actually good gives us control of our own energy. Energy is power these days. That's why Russia thought they'd get away with invading Ukraine because their energy means they have so much power. If we can stop using their gas they have no power over us. The government need to hurry up and install more solar panels and wind turbine and wave turbines
Cheap Russian Gas is bad
marked up priced gas from Russia via 3rd party is good ^_^
@@masakitonguba8919 expensive, unreliable renewable energy is worst of all.
Euro does not have a bright future as a currency.
Agreed, better start buying the rubble right comrade ?
Europe is the centre of innovation. Euro is as robust as ever.
@@marviwilson1853 Nice sarcasm though, What has europe invented post ww2? It was all US or Russia or China.
Right now Rubel is 0.0094 to the dollar
@@leet1850 it sounds like trash
With such massive demand, I want to ask why UK gas production is down?
Priced away with windfall taxes and net zero agenda. We virtue signal whilst exporting our co2 and impoverishing ourselves. 😔
Heating your grandma's house is an "energy intensive activity".
"It will be tough, but we're willing to do it" - politicians said
Russia become the second largest gas supplier to the EU after Norway by the end of 2024, overtaking the United States, as follows from statistics released by the European think tank Bruegel. Supplies of Russian liquefied natural gas (LNG) to the EU increased by 21% to a record 21.5 billion cubic meters.
EU import of Russian LNG in 2024 amounted to almost 21.5 billion cubic meters against 17.8 billion cubic meters a year earlier and 19 billion cubic meters in 2022. In particular, in December 2024, Russian LNG was delivered to Europe in an amount of 2.16 billion cubic meters - an all-time record since 2019.
Total Russian gas deliveries to the EU last year amounted to about 54.45 billion cubic meters, according to Bruegel. This is more than the US supplied (51.3 billion cubic meters), but less than Norway (93.3 billion cubic meters). Russia has become the second largest gas supplier to the EU in 2024.
Without taking into consideration resellers
Part of Norwegian gas is actually from Russia 😂
Cheap Russian Gas is bad
marked up priced gas from Russia via 3rd party is good ^_^
@@random_nick_for_commentsno connection between the Norwegian gas fields/pipelines and Russia
We are buying Russian gas at higher prices through third and fourth parties all out of fear of the US .
I need russian gas and Russian petrol to make sure my family can grow economically.
I guess this sensible thinking isn't on European leaders list 👹
your family is important to who exactly? Besides yourself
Tell that to Ursula von der Leyen 😂
@@julianjdogg as if his is the only family that would require those things
@@10babiscar Maybe his family would care to find jobs? Instead of some loose idea about funding (and depending) on our enemy?
I thought we had left the EU.
There already are he highest in the world, leaders aren’t leading
Prices will go up because Norway and Qatar are blackmailing Europe. The USA using the situation rises prices of LNG. Cutting off from the Russian gas supply will have a catastrophic effect.
yes yes yes 100%
When Europe does it it Asia and Africa then it's called business. Now when it's happening to Europe then it's called blackmail 😂
Really? And how is Norway blackmailing Europe? Production has been ramped up and supply is higher than ever (even though graph says others are not producing). Norway does not set the price - the world does. Edit: lol - the account posting is a russian troll. Nice try comrade.
EU doesn't have much options available. Thus, it is at the mercy of Norway/Qatar. By the way, Qatar doesn't like many aspects of working with EU: they know EU moves to Green soon in the future, thus, won't buy much fossile fuel from Qatar. Qatar hesitates in investing a lot in projects with EU. EU also demands other irrelevant things such as environment protection. In short, Qatar has no incentive in massively offering EU the LNG needed, in replacement of Russia's.
95% of the gas Norway delivers to Europe is piped gas that only can be sold one place, at the end of the pipeline.
LNG on the other hand can be shipped around the world and sold to the highest bidder.
The government should change policies to encourage oil and gas exploration in the North Sea. Promoting domestic oil and gas production will help both economic growth and national energy security.
Europe really needs to up the game on residental solar and batteries. No way out of this, its the only "fast-ish" way of both energy independence (+cheap energy) as well of rebuilding our european economy.
Solar on a continent without sun for 8 months of the year, not a smart idea
Well l live in the north of ltaly,and we have 8 months of sun🤷
its definietly nothing to do with the war!
It isn't gas 'rationing' as a fancy word. The industries closed down due to a lack of cheap pipeline gas rather than increasing their use of any of the other expensive gas sources.
Those wind turbines are a bit more pricey than expected.
A con -and very, very, very ugly!
WHAT? Were talking about GAS not ELECTRICITY.
@richardsanders.4624 just remind me how much of our energy bills go towards paying for wind turbines.....
Energy from green sources wind, solar, tidal is actually by far the cheapest. Sadly 70% of UK energy is gas and that is what is expensive and reason bills are going up. Problem is we have not yet got enough green infrastructure to produce the cheap green energy.
@meglobob9217 I am all for Tidal power. As it provides a good steady and efficient energy production. Wind and solar is too vulnerable to undesirable weather conditions.
I would say most hot air comes from SKY 😂
Not only the green fields are under water with the clueless, double-down upon failure Starmer economic policy, it is the UK economy too!
Media is always good at creating drama.
British default setting - blame the Americans...for everything...always.
Loose -Loose situation for Russia and Europe. No more sales for Russia, and expensive LNG for Europe.
Freedom costs. Sorry Germany.
Well explained, a professional approach to journalism - pure facts. As economy suffers from more expensive gas, defense sector wins from selling shells to Ukraine, however, doubtfully that economy is better off, as gas is in every household.
Europe basically punched itself in the face and is blaming the Russians they got bruised... 😂
ruzzia started the punching and will soon be bankrupt
Why aren’t we making peace? Peace when all of us are bankrupt?
The Russian state can make peace whenever it wants, by withdrawing its troops from Ukraine's territory and returning to internationally recognised 1991 borders.
Because USA doesn't want peace.
😆😆😆
Russia is more on the brink than the UK is. It's just that the Russians are very good at hiding it. They are bleeding massive foreign reserves to prop up the Ruble.
No it bankrupts the United Federation of Fascists because 95% of all UK gas comes from our domestic production and that pays our companies give payouts to our shareholders. Like my Granny who brought shares in British gas and gets a nice payment each year.
Now US will sell the gas to UK at higher price. Trump will be very happy 😅
All EU allies bullying and backstabbing EU cause they cut themselves off Russian gas.
Nope its just Serbia and Hungary backstabing
Small price to pay for keeping us safe.
No one is threatening us , stop listening to propaganda.
Lol
Wow, honesty
WE ALREADY PAY HIGHER ENERGY..... THEY NEVER CAME BACK DOWN WITH WHOLESALE PIRCES
Why should anyone be surprised
Coz European leaders lied to their people
This was very informative and useful. Well conveyed.
Not only UK the whole of europe can't afford to stop russian gas because its affordable 😂😂
so if gas prices are more or less what they were pre invasion and electricity prices are tied to gas prices why the hell has the unit price for electricity gone up 330%?!
Hmmm, can LPG (autogas) cars have a good future in the UK post 2035?
LPG can be converted into alkylate which is a premium gasoline blending stock because it has exceptional anti-knock properties and gives clean burning.
I love Russian gas. If someone have problem with that is his personal😎
so why are we still paying more than Europe on energy bills or are we waiting for Labours GB energy to fix everything
Labour!
Because the right wing sold out hydrocarbons to private companies unlike Norway who own their oil and keeps the profits. allow Labour have only been in power for 6 months and these things take time to change.
Clean energy to gas/oil price link needs to be broken
Why is EU and UK production down?
What’s even more insane is Ukraine was still getting a lot of its gas from Russia until very recently. Two countries literally firing missiles at each other still trading.
So why does Electric go up, when it’s Gas we are short off?
What a load of bollocks
What this guy is talking about??!?
Back when sanctions to Russia natural gas and oil was being discussed, UK was saying that it wasn’t buying any from Russia!!!!
And now this guy is justifying UK’s gas prices going up with this whole “storytelling”??!?
Most important details is this report is missing, that the the price of different suppliers
Good Analysis
sounds like a long term plan to move from cheaper gas using pipeline delivery to processed lng using ships, warehouse and all type of energy.
If there was ever a time Britain needed to use it offshore oil resources it’s now.
So have have energy companies made record billions in profits again?
Price at the discretion of the owners
Cheer up...its not like electricity is pegged to gas prices..oh wait😂