Spoke to a friend in

    Posted by steve on 25th of Aug 2022 at 07:01 am

    Spoke to a friend in Germany.

    In 2021, his gas bill was €2,800.

    2022: he is on track for €24,500. Private residence.

    A consultant come over. They will shut down 3 rooms in the house & switch providers. Hope to bring the run rate down to €11,000 in the last months of the year.

    Here in the UK we

    Posted by crossharry on 25th of Aug 2022 at 08:44 am

    Here in the UK we have a retail energy price cap but no such thing exists in Germany I believe. That said, forecasts are for the cap to be increased in Q4 and again next year in Q1 and Q2. Scary stuff.

    https://www.standard.co.uk/news/uk/who-sets-energy-price-cap-announcement-how-does-it-work-ofgem-b1018072.html

    Just wondering if price caps

    Posted by retirefire on 25th of Aug 2022 at 09:07 am

    Just wondering if price caps curtail production, decrease inventory and exacerbate the problem ? Best wishes 

    Good question, I don't know.

    Posted by crossharry on 25th of Aug 2022 at 09:47 am

    Good question, I don't know. However, it's worth mentioning the price cap is per unit of energy, not an overall limit on how much households pay. No surprise, wholesale costs are the largest element of a UK retail energy bill - and the price cap is adjusted to reflect changes in wholesale prices. As indicated in my previous post, the price cap is almost certainly going to go up in each of the next three quarters, reflecting the rise in wholesale prices (of gas and electricity). I think wholesale costs used to be about a third of your energy bill, but now they are about half and soon could be two-thirds. In other words, the other elements of the bill are staying relatively stable (network costs, supplier costs, social/green levies, tax, etc) so I suppose that means the producers are always getting paid their dues.

    No wonder URA ( uranium)

    Posted by arun on 25th of Aug 2022 at 08:12 am

    No wonder URA ( uranium) stocks are going up. I am watching URA CCJ for entry... and even solar related stocks like AEHR ENPH .These can make much bigger moves

    Also news from Japan regarding restarting nuclear is helping URA

    Bloom Energy,  FCEL and other

    Posted by dragonfly28 on 25th of Aug 2022 at 08:54 am

    Bloom Energy,  FCEL and other hydrogen plays -  also moving up with Uranium here - UUUU, UEC and others mentioned previously

    UUUU sort of has an

    Posted by matt on 25th of Aug 2022 at 10:00 am

    UUUU sort of has an inverse H&S look on the daily

    Thank you..will add them to

    Posted by arun on 25th of Aug 2022 at 09:07 am

    Thank you..will add them to the list.

    Also food /agricultural stocks still strong MOS CF DE ...I sold MOS yesterday all calls. only holding stock now. These could move for few weeks ..waiting for entry now

    True, I'm looking for long

    Posted by retirefire on 25th of Aug 2022 at 08:31 am

    True, I'm looking for long term energy to hold as hedging price increases

    WOW I can' t imagine

    Posted by bk1976 on 25th of Aug 2022 at 08:09 am

    WOW I can' t imagine my $80/mo gas bill going to $700/mo! If energy has gone up this much obviously consumer goods have to cost a lot more as well.  Our grocery bill has certainly gone up a lot.  Thankfully a recession has been redefined so we can feel better about not being able to pay our gas bill. haha   It is time for people to wake up an see the reality of the world we live in.   This can't be good for the markets.

    Here we sit on oil

    Posted by retirefire on 25th of Aug 2022 at 07:29 am

    Here we sit on oil and gas to export.  Polish people would rather pay more to US than buy from Russia.  If Russia was truly our enemy why does US government let them enrich their war chest selling energy? While we sell to China, including from strategic reserve.  (Hunters paid consultant company)? 

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