John Hemming's Web Log John's Reference Website
Tuesday, July 01, 2008
  Possible gas price increase of 10% in France
For people used to the massive increases in the UK the fact that France faces only a 10% increase gives pause for thought.

The problem is that our system essentially prices all gas at the marginal price rather than the marginal consumption.

I don't think this is a sustainable mechanism in an era of increasing constraints on supply.
 
Comments:
The wheels are fast coming off the Govt's energy policy - or rather lack of policy - because the UK basically doesn't have anything remotely like a credible energy policy or strategy.

This lack of a plan is very bad news for Britain. High oil prices are causing real damage to the economy and many vulnerable people will die this winter as a direct result of fuel poverty.
 
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better brent chart

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Published, promoted, and printed (well not really printed I suppose, more like typed) by John Hemming, 1772 Coventry Road, Birmingham B26 1PB. Hosted by blogspot.com part of Google.com 1600 Amphitheatre Parkway Mountain View, CA 94043, United States of America. This blog is posted by John Hemming in his personal capacity as an individual.

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