why are energy prices rising in the UK, when their main sources is its own North Sea gas?
In: 428
Because ya’ll sold your resources to rich people so that they could rip of your population when they sell it back. Don’t worry, everyone does it.
[Last Week Tonight](https://youtu.be/MBo4GViDxzc) had a segment about inflation and it’s on their YouTube channel. Basically it’s a supply and demand issues. Either too too much money or too little product.
So, as for energy prices, because all other sources have gone up then so have **all** the prices. The only real reason the supplies from North Sea Gas have not stayed the same is greed. Pure and simple.
Since departing from the European Union our gov have been free to set a higher limit on what can be charged for gas for energy production.
Because thanks to the privatization of the energy industry, corporations can charge you whatever they feel like.
“What are the competitors charging? That much?! Match it, but shave off a minuit amount so we can still say we are the cheapest.”
Gas prices everywhere are rising, and it’s the market that determines the price of wholesale gas prices not the Government. So when Russia is politicising its gas supplies, which most of the Continent as well as Western policy to wean themselves off Russian gas it means the supply of gas will decrease while the demand remains the same.
Can the price of gas go down like oil has recently and if so why is there no mention of it anywhere.
Shortest answer? Global economy. Wherever they can get the best price, they’ll sell it there, so everyone has to basically mind the price parity to continue to be able to purchase.
And for those who are angrily calling it greed, consider that if you had 3 job offers, nobody will fault you for taking the highest paying one over the other two, either.
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