The Oil Drum: Europe | Is Europe Running Low on Natural Gas?

52 comments on Is Europe Running Low on Natural Gas?

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Euan Mearns on January 5, 2009 - 6:28am

Bob - my view on energy price evolution has been dented by events of 2008. Energy bills will rise to consume an ever greater share of our disposable incomes, but this rise will likely be slow and steady.

It would be interesting to know what an average price of 90p / therm would mean for gas and electricity bills. This likely means a winter peak spot price approaching 200 p / therm (wild guess) since much of our gas is still supplied on contract at low rates.

At some point, individuals will choose to share accommodation - 2 people sharing a 2 bedroom flat - shock horror - and this will almost halve utility energy expenditure for those doing so - maybe they even share a car - and before you know it they get married and have kids and the emerging solution becomes part of a new problem.

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BobE on January 5, 2009 - 7:10am

Euan,
Indeed. I have thirty years of gas and electricity bills for my flat, and two can live for the same energy as one (but the gas/electricity mix seems to change).

I think some of the lavish 'aspirational' home design has to be binned. The Motorola Home of the Future 1962 looks a pig to heat, the TV is too small and I hate to think what would happen if you fell out of bed. I hope they didn't build any.

http://www.plan59.com/decor/decor073.htm

BobE

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