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Peakoil.com :: View topic - Energy bills to rise by more than 60% . TSHHTF
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Energy bills to rise by more than 60% . TSHHTF
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KevO
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PostPosted: Fri Jul 18, 2008 5:48 am    Post subject: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

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Energy bills could rise by more than 60% within the next few years, a report for the UK's biggest domestic energy supplier Centrica has said.

It said annual average gas bills could rise from £600 to more than £1,000 early in the next decade.

Continuing high oil prices could lead to rises in the cost of both gas and electricity, it added.

Centrica managing director Jake Ulrich warned that gas prices were likely to continue rising "for some time".

"I think it is going to hit people hard," he said.


BBC Main News
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KevO
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PostPosted: Fri Jul 18, 2008 6:08 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us?
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fluffy
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PostPosted: Fri Jul 18, 2008 6:31 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

KevO wrote:
As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us?


Invade Russia during the winter.. excellent plan. I'm sure our leaders will go for it.
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vision-master
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PostPosted: Fri Jul 18, 2008 6:36 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

fluffy wrote:
KevO wrote:
As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us?


Invade Russia during the winter.. excellent plan. I'm sure our leaders will go for it.


UK invades Russia,,,,,,,,,,,,,,,battle lasts two days. Razz
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energycity
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PostPosted: Fri Jul 18, 2008 6:48 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

UK invades Russia? There's no need; most of the Russians are in London.

KevO wrote:
Energy bills could rise by more than 60% within the next few years, a report for the UK's biggest domestic energy supplier Centrica has said.

At least it seems slightly more optimistic than the Financial Times:

LINK

Quote:
When the oil price rises, the gas price follows, typically with a lag of about nine months. A report this week from Cambridge Energy Research Associates, another consultancy, predicted that European gas prices would roughly double from the start of 2008 to April 2009, as a result of the rise in oil from about $70 a barrel a year ago to roughly $140 a barrel today.

Methinks I'll be wearing an extra layer or two this winter. Sad
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Olaf
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PostPosted: Fri Jul 18, 2008 7:26 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

Here in Upstate New york, the papers have taken to warning folks that they can expect to pay an extra $700 + for fuel oil this winter. The local suppliers have stopped taking pre-pay purchases at a locked in rate.

Olafr
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3aidlillahi
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PostPosted: Fri Jul 18, 2008 7:39 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

Olaf wrote:
Here in Upstate New york, the papers have taken to warning folks that they can expect to pay an extra $700 + for fuel oil this winter. The local suppliers have stopped taking pre-pay purchases at a locked in rate.

Olafr


I'd be putting my money into an extra tank and fill that baby up as well to hedge for next year's price increases. Or switch over the NG and do the same thing with an extra tank or two as well as a wood burning furnace and extra coats to make those tanks last several years.

But I'm in the warm South, so I'm fine as is. Smile
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burtonridr
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PostPosted: Fri Jul 18, 2008 8:43 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

KevO wrote:
As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.


lol good luck with catching up with that kind of inflation Laughing
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Twilight
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PostPosted: Fri Jul 18, 2008 10:35 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

KevO wrote:
All we have to do is invade Russia and grab the gas, what's stopping us?

An army that has been sitting in Germany so long that its wives own vineyards?
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WyoDutch
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PostPosted: Fri Jul 18, 2008 12:53 pm    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

Evidently, the energy companies are expecting a lot of consumers will be unwilling/unable to pay for heating costs this coming fall & winter.

Here in NW Wyoming, one of the largest suppliers of home heating propane has sent notification to all of their customers... advising that all future deliveries of propane will be CASH/CREDIT CARD ON DELIVERY... no more "on account" sales.

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the48thronin
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PostPosted: Fri Jul 18, 2008 1:27 pm    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

WyoDutch wrote:
Evidently, the energy companies are expecting a lot of consumers will be unwilling/unable to pay for heating costs this coming fall & winter.

Here in NW Wyoming, one of the largest suppliers of home heating propane has sent notification to all of their customers... advising that all future deliveries of propane will be CASH/CREDIT CARD ON DELIVERY... no more "on account" sales.


My supplier said the same in Alabama when I topped of the 1000 gallon tank that furnishes gas to my stove... I should nt have to use the wood cook stove for the next 5 years...LOL unless grandma uses the oven to add heat to the house. ( she gets tired of splitting wood for the heater....)
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sameu
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PostPosted: Fri Jul 18, 2008 2:36 pm    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

year after year it will get worse
people like to hope oil is gonna come down, that this is only temporarily
it will be hard
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misterno
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PostPosted: Sat Jul 19, 2008 11:12 am    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

people are complaining about price of heating oil

what are they going to do when the price hits $10/gal
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Pretorian
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PostPosted: Sat Jul 19, 2008 2:50 pm    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

fluffy wrote:
KevO wrote:
As this is a tad bove the current 3.8% UK inflation rate and a bit more above the target 2%, I guess we will see some pretty serious wage claims in the near future and inflation rate to match Zimbabwe.
All we have to do is invade Russia and grab the gas, what's stopping us?


Invade Russia during the winter.. excellent plan. I'm sure our leaders will go for it.


Last winter Mioscow didnt have snow till mid-January or so .
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Minvaren
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PostPosted: Sat Jul 19, 2008 3:38 pm    Post subject: Re: Energy bills to rise by more than 60% . TSHHTF Add User to Ignore List Reply with quote

There was a bit on NPR recently (Talk of the Nation?) that advised listeners that within 2-3 years, the cost to heat a home via electric versus gas/oil would be about the same, and that people needed to get ready for that now.

If that's the case, plug-in hybrids + increased electric heat is going to kill the grid as it stands right now. At least, my electric meter spins 50% faster when the heat's running versus the A/C.
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