Tuesday, Jun 24, 2008
A Further Nail in the House Price Coffin
Guardian: Household fuel bills could rise 40%
Energy prices eventually filter down to everything, house prices can eventually only ever reflect what people can Afford to Pay, after all what is the use of buying a house if you cannot afford to heat it!
Posted by enuii @ 07:09 PM (300 views) Add Comment
4 Comments
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1. planning4acrash said...
Rubbish. What they are saying is that Sterling will plummet 40%. The bills will no doubt be cheaper, due to lower demand, for those paying in gold, silver, Yen, Remnimbi, etc.
In Nazi Germany, they told the people a pack of lies, saying that hyper-inflation was caused by a shortage of goods, whilst foreigners came in and bought stuff in Germany cheaper than they could in their own country, spending gold and their own currency.
Orchestrated boom and crash. Just don't let them force us into the Euro as a reaction solution to this fiasco.
2. drewster said...
p4ac, the UK's gas production is falling rapidly. For some reason the mainstream media doesn't want to report this, even the Guardian article makes no mention of depleting North Sea gas reserves. Here's a graph from those clever people over at The Oil Drum:
(click image to enlarge, or read full article: Why UK Natural Gas Prices Will Move North of 100p/Therm This Winter)
As you can see, the UK no longer produces enough oil, gas, or coal for itself. We are now having to import all three - that's a dramatic turnaround from the situation just a decade ago when we exported a healthy surplus. There isn't an orchestrated boom and crash. There is a lack of long-term planning because the thickos in government think that "the markets will take care of everything" - well they do take care of everything by forcing higher prices for all our basic needs!
3. renting2 said...
I don't mind if we buy now at a higher price, as long as we sell ours at a much better premium when everybody else has run out. Maybe our 'betters' aren't so stupid as our short term thinking believes.
4. drewster said...
@renting2, surely by that logic we should never have exported any oil & gas, and always kept it to ourselves even in the boom years of the 1980s and 1990s? That way we'd have had plenty left for now when prices are high, instead of being stuck with high prices.