Melanius Mullarkey Posted March 14, 2022 Share Posted March 14, 2022 3 minutes ago, oaksoft said: It seems like only yesterday that this amount was my annual bill, never mind an increase. Aye, my dd was on average £120/m for both leccy and gas before this daylight robbery. 0 Quote Link to comment Share on other sites More sharing options...
Gnash Posted March 14, 2022 Share Posted March 14, 2022 Some people on here still conflating energy extraction companies with energy supply companies. 2 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted March 14, 2022 Share Posted March 14, 2022 2 hours ago, Gnash said: Some people on here still conflating energy extraction companies with energy supply companies. Remind me - which ones are the thieving b*****ds and which ones are the thieving c***s? 5 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted March 14, 2022 Share Posted March 14, 2022 (edited) 13 hours ago, oaksoft said: This can't be right. @satoshi assures us he knows what he's talking about and that it isn't true that vast profits are being made here. I never said that, don't even know what constitues vast profits. But yes rising commodity prices help energy extraction companies (duh), but this is a sector that has been doing badly for years. Of Britains three major O&G Extraction firms from ten years ago, one no longer exists (was taken over) and the other two have much lower share prices. None of this is my opinion. Just a fact I'm afraid. Edited March 15, 2022 by Satoshi 0 Quote Link to comment Share on other sites More sharing options...
Gnash Posted March 14, 2022 Share Posted March 14, 2022 3 hours ago, oaksoft said: Who is doing that? The people posting about energy production companies on a thread about energy supply. Looks like you can read, so check the last few pages if you want specific names. 2 Quote Link to comment Share on other sites More sharing options...
Andre Bo Posted March 14, 2022 Share Posted March 14, 2022 22 hours ago, 101 said: And the most damning tweet in the thread. What a bunch of wankers. Hopefully Sunak announces a fat cat tax on Covid companies and energy firms and cutting VAT for 12 months on Energy bills. You can keep hoping. A narcissistic billionaire with 12 houses doesn't give a shit about you or I. 0 Quote Link to comment Share on other sites More sharing options...
101 Posted March 14, 2022 Share Posted March 14, 2022 46 minutes ago, Andre Bo said: You can keep hoping. A narcissistic billionaire with 12 houses doesn't give a shit about you or I. I know but if he's going for the top job, which he seems to be gunning for then he better start acting even slightly in the public interest. I don't know who did the consultation on the energy price loan, but I saw one survey after it was announced that had more than 70% saying they would turn it down if that was an option. The man's an idiot. 0 Quote Link to comment Share on other sites More sharing options...
Andre Bo Posted March 14, 2022 Share Posted March 14, 2022 32 minutes ago, 101 said: I know but if he's going for the top job, which he seems to be gunning for then he better start acting even slightly in the public interest. I don't know who did the consultation on the energy price loan, but I saw one survey after it was announced that had more than 70% saying they would turn it down if that was an option. The man's an idiot. That's an interesting statistic about the so-called rebate, but if you consider what he has gotten away with already while maintaining high approval ratings then you'll maybe understand why I am not filled with optimism. 1 Quote Link to comment Share on other sites More sharing options...
MuckleMoo Posted March 14, 2022 Author Share Posted March 14, 2022 Fucking hell! I just greenied@oaksoft 0 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted March 15, 2022 Share Posted March 15, 2022 Won't spend too much time looking into Richard Murphys tweet - partly because I don't care that much and partly because he is admits it's broad and based on lots of assumptions. He says the cost of energy supply doesn't change much when the oil price changes (which afaik is maybe correct) but the cost of extraction obviously does even if the increase is delayed a few months. He doesn't cover now terribly the share prices of oil and gas extraction companies have been for the past ten years. It's been a terrible time to be a shareholder of these companies (you have lost money at a time the stock market had a bull decade). 0 Quote Link to comment Share on other sites More sharing options...
parsforlife Posted March 15, 2022 Share Posted March 15, 2022 6 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted March 15, 2022 Share Posted March 15, 2022 Well I don't expect anyone will ever care about the shareholders (mostly pension funds) but it's to challenge the notion put forward on the thread that they are mass profiteering and driven by greed. They aren't (or at least no more than any other company) they are driven by the commodity cycle. The energy business (supply or extraction) is far from the most profitable (or rent extracting) industry to be in. This isn't because of how I feel or what I think - it's based on the available ROE and share prices of these companies. 0 Quote Link to comment Share on other sites More sharing options...
Arch Stanton Posted March 15, 2022 Share Posted March 15, 2022 On 12/03/2022 at 15:15, Jacksgranda said: What about the prostate? The could get mine for less than the going rate... On 12/03/2022 at 15:58, Welly boy said: The bottom has fallen out of that market. The margins are constantly being squeezed. 1 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted March 15, 2022 Share Posted March 15, 2022 1 hour ago, Arch Stanton said: The margins are constantly being squeezed. They are at the moment... 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted March 15, 2022 Share Posted March 15, 2022 Diesel 189.9/lt on Monday. 0 Quote Link to comment Share on other sites More sharing options...
hk blues Posted March 15, 2022 Share Posted March 15, 2022 My monthly leccy bill here just almost doubled. Last month around £30, this month £55. 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted March 15, 2022 Share Posted March 15, 2022 I'm relatively lucky in that I got us put on a 5 year fixed deal with isupply (they left the uk market last year and moved us to edf who have to honor the fixed deal) that expires in September. I can only hope that by the time that expires the prices will be heading down... doubt it but its something to hope for. The wife has been looking into getting a heat pump but unless the government start doing massive discounts for them (like they have for electric cars) who is going to be able to afford them? 0 Quote Link to comment Share on other sites More sharing options...
jakedee Posted March 15, 2022 Share Posted March 15, 2022 Diesel 189.9/lt on Monday.Broxburn 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted March 15, 2022 Share Posted March 15, 2022 5 minutes ago, jakedee said: Broxburn The Applegreen Station heading out of Belfast was down 3p yesterday to 161.4p/lt. 0 Quote Link to comment Share on other sites More sharing options...
Lurkst Posted March 15, 2022 Share Posted March 15, 2022 56 minutes ago, steelmen said: The wife has been looking into getting a heat pump but unless the government start doing massive discounts for them (like they have for electric cars) who is going to be able to afford them? I was considering replacing the gas combi boiler with an electric one, but nothing I've read on here (or anywhere else) recently is suggesting that this would be a cost effective move. 0 Quote Link to comment Share on other sites More sharing options...
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