According to Shell Chief Executive Ben van Beurden Europe's energy crisis is going to last for "several winters".
https://www.reuters.com/business/energy ... 022-08-29/
According to the National Grid, it's going to last for three years.
https://www.proactiveinvestors.com/comp ... 90903.html
Oh, bl**dy tremendous.
How have we got here?
We have got here because the like of Greenpeace, Extinction Rebellion, Just Stop Oil and similar have successively demonised coal, nuclear and gas. And our politicians have caved into them, every time. So now we have no coal, the last nuclear station was built in the nineties (and all the others are slated to close inside 10 years), fracking has been banned and we haven't exploited known gas fields in the North Sea. So now Putin turns off the gas taps and the price of gas goes through the roof. We can't fall back on coal, we don't have any. We can't fall back on nuclear, it takes 10 years to build a nuclear power station.
So what are the effects of three years of sky high energy prices going to be?
The extinction of small businesses.
The decimation of a private individuals savings.
Record profits for the oil and gas giants.
A massive increase in the national debt, with the government chucking bailout money in all directions.
This is all going to get blamed on Putin.
But in my mind Net Zero has way more to do with it. Coal and gas have to go, because of net zero targets. But renewables, we don't have enough of them to make up for the loss of coal and the planned loss of gas; and we don't have enough nuclear to make up the difference either.
So here we are - stuffed.
The media will try and keep net zero going.
But today in the Telegraph Boris Johnson is pleading with people not to "give up" on green energy. Because he knows that when those gas bills start landing on the mat then questions are going to be asked, and you can't go on blaming Putin forever.
Eventual the penny might drop - Net Zero is going to give people a worse life, and most certainly make them poorer.
It's going to need a massive media effort to keep the net zero scam going, but I'm fully expecting it.