Does anyone have confidence in energy prices?
Politicians blame climate change, war, Covid19, COP 26, gas and oil prices, etc.
The fact is that a “all time high” do not mean that all energy prices must rise! What happens when a “all price low” occurs? Nothing, is the answer!
I have lived in Spain for over 30 years now and have some facts to show.
Gasoline in 2001 had an average price of 0,70 €/l and crude oil 38,0 $/barrel. In 2022 gasoline cost 1.80 €/l and crude oil 103,0 $/barrel.
In 2013 the price of crude oil was 108,0 $/barrel and gasoline 1.45 €/l.
The conversion figures just do not work!
All time high Natural gas price happened in 2005, 15.78 $/MM.BTU, but did not have the negative effect as today, in 2022, with the price, much lower, at 6.5 $/MM.BTU.
All time high of crude oil was in 2008, with the price of 147,0 $/barrel, today 103,0 $
Carbon prices in the EU in was in April 2021, 45,5 € and in February 2022, 98.5 € ! This has all to do with demand, mostly depending the Chinese market…..!?
Wind and solar power have failed to lower the cost of electric consumer prices. EU, depends more on carbon and natural gas to produce electricity and to power to battery storage. The demand of electric cars, are not the solution to lower power consumtion.
The weather situation with large changes in wind and sunny days effects wind and sun power plants.
The political scare of nuclear power plants has stopped almost all expansion of a clean and reliable power. What we really need urgent is a new power like fusion energy.
I know that I probably should not try to explain all this to some of my readers, many of you have far more knowledge in this field, but I also think that I represent a large public opinion regarding who like to know more about what happen with energy prices.
Energy is big business; I wrote in one of my article’s:. https://windmush.com/2021/12/23/energy-is-big-business/
The politics should care more about the private economy, not only taking advantage of periods of international crisis, like what has happened lately.
Please give me some feedback.
Thanks for reading,
Windmush/Curt, 30-03-2022
