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107 comments on Will the UK Face a Natural Gas Crisis this Winter? (Part 2 of 2)

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Gail the Actuary on December 18, 2008 - 12:32am Permalink | Subthread | Comments top

Thanks for a very well researched post! Great work!

The issue possible natural gas shortages in the UK is one of great concern. If the UK is already in recession, and temporarily has to close down more production because of a lack of natural gas, it seems like the natural gas shortage could act to push the country a little deeper into recession.

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Burgundy on December 18, 2008 - 3:54pm Permalink | Subthread | Parent | Comments top

Not to mention the UK Pound's collapse against the US$ and the Euro. I'm not sure what the TPTB are thinking as the pound collapses. When in severe overshoot, its not a good idea to destroy the link to the phantom carrying capacity that keeps the Country alive (ie. Imports).

The Pound has fallen circa 25% since the summer. If the UK needs to bid against members of the Euro zone for gas or electricity its going to hurt some.

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107 comments on Will the UK Face a Natural Gas Crisis this Winter? (Part 2 of 2)

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