RE:RE:RE:EU gas price cap.Yeah I kind of figured you were just venting and that is cool.
I am hoping the powers that be, especailly in Ireland, see the benefits of reinvesting that windfall.
I thought we were discussing the EU and their shortsightedness.
As far as I know North America was not undersupplied unitl the world came knocking.
If the woke are making the rules it must mean they have been voted in.
Perhaps high inflation and high energy costs will swing that balance of power but that is 2 years away and doesn't really help VET's situation now.
I will be curious to see how windfall taxes reaped and royalties on windfalls are allocated towards consumer energy relief here and abroad if they are used for relief at all.
Just as an aside, that global commidty pricing is real and substatially higher on NG than we pay here in Canada. From the point of view of the average NG rate payer, should we be in such a hurry to join that market?
GLTY and all
Citizen13 wrote: Yes I know it's not a viable response. It's a fantasy. LOL. Governments are so angry at OPEC for being a cartel , but what are they ? They see what they can get away with and not suffer repercussions . A mafia. Give us a piece of the action or else. Our Liberal government sits in a board room every day figuring out how to make government bigger and new unique ways to tax us. And the peons will continue to vote them in. The new immigrants who were handed massive cheques will never forget who gave it to them. And inflation is rampant for some reason. Part of the reason supply is so low is that the O&G industry has been ruthlessly bullied by the woke . And these new taxes and caps are going to help the supply ? Only going to get much worse.
Quintessential1 wrote: This is the problem they will face. At least for those that are buying LNG. It is a global commodity and global commodity prices must be paid. For those that are being supplied domestically the windfall tax is already extracting its pound of flesh.
"EU energy ministers have been forced into five emergency meetings because they cannot come to agreement on a maximum ceiling to pay for gas because of fear that global suppliers will simply bypass Europe when others offer more money." I know you are frustrated with the process and that your suggestion is just not serious.
I for one never thought that they would just sit back and pay when the first forecasts of extremely higher O&G prices came to light. I wasn't sure what they would do or could do but "freeze in the dark" is not something they are prepared to, or will, do nor did i expect them to or let their citizens do it.
That being said I think the big underlying mistake they made was relying on Russia for their energy needs and I do not think they will ever do that again.
GLTA
Citizen13 wrote: Is this VET's next shoe to drop ? They're going to cap the price and tthen tax the rest to death ? Just keeps getting better and better . Like I said before, turn the taps off , let them freeze in the dark for a month and these idiots will never do this again. A total collapse of free markets .