Jump to content
House Price Crash Forum
Sign in to follow this  
MEtallic

Cost Of Energy Imports To Uk Trade Balance

Recommended Posts

Excellent article here: http://europe.theoildrum.com/node/7057

While everyone in the UK is worried about spending cuts and where house prices may be going, they're ignoring the UKs balance in energy products.

uk_tradebal_ener_prod.png

The production/consumption gap is clearly growing.

uk_primary_prod_con.png

Once the spending cuts are fully digested by the economy, I wonder if this will cause another crises?

If the economy does pick up, paradoxically, it may make things worse! Anyone who thinks everything will go back to normal in the next few years is deluded. There are three massive trends in action: ageing Western populations- decline in global oil production- shift of power & wealth from West to East. These will cause permanent changes in how we live. Those hoping for a happy ending or a world of ever increasing house prices are in for a nasty wakeup call over the next few years.

Share this post


Link to post
Share on other sites

Excellent article here: http://europe.theoildrum.com/node/7057

While everyone in the UK is worried about spending cuts and where house prices may be going,  they're ignoring the UKs balance in energy products.

uk_tradebal_ener_prod.png

The production/consumption gap is clearly growing.

uk_primary_prod_con.png

Once the spending cuts are fully digested by the economy, I wonder if this will cause another crises?

If the economy does pick up, paradoxically, it may make things worse! Anyone who thinks everything will go back to normal in the next few years is deluded. There are three massive trends in action: ageing Western populations- decline in global oil production- shift of power & wealth from West to East. These will cause permanent changes in how we live. Those hoping for a happy ending or a world of ever increasing house prices are in for a nasty wakeup call over the next few years.

We do have 300 years worth of coal in the ground still, we could just go all polluting. 

Share this post


Link to post
Share on other sites

We do have 300 years worth of coal in the ground still, we could just go all polluting.

We have a R/P ratio of 9 (reserves to production ratio), that is if we maintain current production levels, we will have none left in nine years.

Next year it will also be 9, as production will have fallen even more. We are on this depletion curve (attached). The best hope for UK coal will be in-situ gasification, as what's left is hard to reach, poor quality stuff.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.