Why are energy prices rising? Archive version.
Three historical Twitter threads from early 2022 explaining why energy prices were beginning to spiral out of control.
It is an often forgotten fact that the Chancellor of the Exchequer gained much of his experience at the fund operated by green billionaire, Christopher Hohn, whose reckless and aggressive activism caused the collapse of RBS.
That fund is called The Children's Investment (TCI).
Hohn was so concerned for the welfare of children that he bought shares in Raytheon, Lockheed-Martin, and Phillip Morris.
Such ethics.
I don't mean just a few quid here and there. I mean integer percentages of the companies, with $billions. To offset his guilt and to boost his portfolio, Hohn pumps a proportion of TCI's profits to its 'philanthropic' wing, the Children's Investment Fund Foundation.
CIFF is the biggest philanthropic donor, and thus one of the largest "charities" in the UK. And it spends more on lobbying for the green agenda than all of the UK's political parties receive in donations, and spend on all their campaigning, combined.
I don't mean just a few Β£million here and there. I mean more than half a $billion. That buys you a lot of influence in the world. It means you become good mates with people like Mike Bloomberg, discussed here...
It's worth noting, also, that Sunak's predecessor installed Mark Carney as governor of the BoE. Then, Carney was given a special job at COP26, where he declared that he had $130 trillion worth of 'investment' behind his cause...
But Carney's less well-known appointment was to the global intergovernmental agency, The Financial Stability Board.
While in office at the FSB, Carney set up the Task Force on Climate-related Financial Disclosures, and appointed multi-multi-multi eco-billionaire Mike Bloomberg as its chair.
This gave Bloomberg unprecedented access to the members of the FSB -- the finance ministries of G20 countries, central banks, the IMF, WB, and so on... Where he was free to lobby and pressure for policy changes and to put pressure on financial institutions and private finance.
In short, between them, Bloomberg & Hohn put the E in ESG, and through out the S & G. And they saw their profits skyrocket. And Rishi... lovely, lovely, lovely Rishi, with his nice friendly smile... helped them every step of the way. And that's why your bills are rising.
It all seems like such a long time ago, doesn't it, Boris...
But how times change...
Octopus Energy CEO Greg Jackson: "I think that this is a one-in-30-year event."
Article: "This price cap hike is caused by a global energy crisis that has seen gas prices around the world to skyrocket."
Article: "This crisis was caused by a sharp post-pandemic recovery sparking increased demand, an extremely cold winter depleting fuel stocks, and a geopolitical crisis on the Russia-Ukraine border."
In 2020, global gas demand fell by 4%. Data on post-recovery demand is forthcoming, but it would seem on the face of things that the increased demand was hardly unpredictable...
BP's statistical analysis claims that demand fell by 2.3%, and that production fell by just 3.3%.
No doubt the Russia-Ukraine thing spooked markets -- which signals just how absurdly stupid EU, UK & US policies are: i) European green policy creating dependence on the RF; ii) pointlessly escalating tensions ahead of winter; iii) failing to build sufficient domestic capacity.
So those policy failures might explain that a seemingly "global" crisis outside of anyone's control is simple BS. But it goes further than that...
This is not an accident. This is not a spontaneous change in different sectors, with one over taking another. This is not innovation. It is not the improvement of techniques.
It was a deliberate attempt to strangle the fossil fuel sector, advanced more by Mike Bloomberg than anyone else in the world. So OctopusEnergyβs CEO is wrong and the Express are wrong. This had nothing to do with the recovery.
The cause of the "once in 30 years event" was green billionaires standing on the neck of any chance to get back to normal. And WOW! did they make gains from it...
Before the pandemic, Bloomberg's net worth was estimated at $53 bn. After the pandemic, his net worth was estimated to be $76.8bn.
Guido is correct, but it goes much deeper than this.
The government -- and opposition parties, for what that is worth -- is committed to an agenda, and it will make no difference what the public thinks, until they put in place a radical alternative, which they do not want to do.
If the(/a) government changes its mind, it will undermine its reputation in supranational politics -- global bureaucracies, financial institutions, other world 'leaders', billionaires and corporations and their fake "civil society" organisations/NGOs.
Those interests have been put far before the public's views and the public's interests -- before democracy.
That is the nature of contemporary politics.
It doesn't matter if you are poor, or cold, or hungry, or jobless...
It. Does. Not. Matter.
You don't make the decisions.
It is a great thing that there is now, at last, scrutiny of #NetZero in Parliament. But hopes that it will be willing, let alone able to assert itself against much broader, deeper, and more powerful political forces remains to be seen.
The only real job of government, pushed by the green blob ("civil society" organisations, and "academia") is to attempt to mitigate the consequences of the agenda -- i.e. to manage the political fallout. The buzz-term to look out for is "just transition".
"Just transition" is an acknowledgement that reorganising society to the green blob's design specifications is going to create chaos and hardship. And as we can see now, the government's only solution to the energy crisis is to rob Peter to pay Paul.
It's absolutely nutso.
It does absolutely nothing to solve the problem. Energy prices will continue to rise, and the government -- and opposition parties, in whichever configuration -- will have to scrabble desperately to try to redistribute the rising costs that they have caused.
Energy prices have gone up for April onwards, and they will go up again in October, and they will go up again in Spring 2023. So the debt we're incurring now will be heaped onto these rising energy bills in the future, and will be made that much more unmanageable.
Remember this? It was not very long ago...
As I pointed out, the PM and his Chancellor are mad. There is no possibility of energy prices coming down under their schemes.
And what are you going to do about it - vote Labour?
The question you have in front of you, Alice, is how far down the rabbit hole do you want to go to understand why this government, and the other parties of recent governments are so bent on this agenda?
It's not a matter of PMs being hoodwinked by scientists and their modelling exercises. It's not a simple matter of there being insufficient scrutiny of policy. It's not even a simple matter of a cascade of accidental policy failures.
Thank you for your opinion Ben. Whilst I do my best to unravel the bigger picture (from as many publicly available sources of information possible) by interpolating what I can from within all of the noise, I am certainly no expert. Therefore, please bear with me and my assumptions.
1. Are you suggesting that successive govs have a 'secret' agenda, and that the chaos you opine on is a result of what is being worked towards?
2. What are the end goals of the plan in your opinion?
3. How sure, as a percentage out of 100, do you feel about your 'rabbit hole'?
I will come back with a lot more once I more fully understand what you are specifically alluding to, if you like.