Category: Energy Update

forecast5 November 30, 2021 Johnny Kipps Energy UpdateInflationOil Prices

Shortages caused by transport bottlenecks and depressed production during Covid, extravagant public spending during the pandemic, insufficent low-paid workers, cost of going green—it all spells rising prices. Inflation is starting to heat up. [table id=4 /] Biden co-ordinates strategic oil reserve releases President Joe Biden, like many Western leaders, is battling inflation. One of the fastest…

forecast5 October 18, 2021 Johnny Kipps Energy Update

Bogeyman or tomorrow’s saviour? Sizewell nuclear reactor. Those of us who are tootling gently along in our electric cars felt smug when we passed fuel queues—but how long will we be able to plug into electricity as the days roll over to what could turn out to be the worst winter of discontent since the…

forecast5 October 7, 2021 Johnny Kipps InflationQuantative easing

Despite Government’s reassuring noises, fuel queues grow and jerricans sell out. Last week Britain experienced fuel queues for the first time since the days of rationing. As a new world emerges from the Covid pandemic central banks around the world have been meeting to try and understand what is happening. This cameo illustrates three things:…

forecast5 September 25, 2021 Johnny Kipps Energy Update

An imperfect storm Wind farms stand idle in windless August. The UK’s wholesale energy markets have reached record highs in recent weeks, The Guardian said. The trouble stems from a global surge in demand for gas following a cold winter that left the UK’s gas storage facilities depleted, and, as reported in The Spectator on…