We're in for nasty weather - and no gas
A severe fuel shortage is pushing prices up and threatening power cuts. Lay in the blankets until the huge supply surplus forecast for a year or two's time. Neasa MacErlean reports
Faced with gas price rises of up to 22% and average annual fuel bills climbing to more than £1,000 a year, UK householders might well be wondering when the increases are going to stop. At the current rate, average annual bills would top £2,000 by 2007.
In fact, a recent publication suggests prices may well fall beyond 2007. Energy prices, as with other commodities, revolve around supply and demand. Right now we are in the worst possible place, with supply only just meeting demand amid fears that a bout of bad weather in the next few weeks could lead to an energy deficit of up to 15%.
( Full story here )
Faced with gas price rises of up to 22% and average annual fuel bills climbing to more than £1,000 a year, UK householders might well be wondering when the increases are going to stop. At the current rate, average annual bills would top £2,000 by 2007.
In fact, a recent publication suggests prices may well fall beyond 2007. Energy prices, as with other commodities, revolve around supply and demand. Right now we are in the worst possible place, with supply only just meeting demand amid fears that a bout of bad weather in the next few weeks could lead to an energy deficit of up to 15%.
( Full story here )
posted by Oil Shock at 3/01/2006 02:18:00 AM
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