Hindsight
Member
- Location
- Lincolnshire
1973 OPEC price shock led to 10 years double digit inflation.Talk is now that the fuel price cap will have to be adjusted up again in October to north of £3k. So from about £1200 now its going to about £1900 in April and could hit £3200 just as winter kicks in. Thats over £60/week.
197Ukraine crisis: Warning UK energy bills could top £3,000 a year
The conflict in Ukraine could push the energy price cap to £3,238 a year from October, a report warns.www.bbc.co.uk
Thats nearly tripling inside 6 months. If that happens there's going to be a lot of cold (or worse) pensioners at those prices, and a LOT of angry voters. I predict fracking will be given the green light by the end of the year and that big oil field in the North Sea that the eco-nutters put the mockers on will be back on, and any other domestic sources of energy (fossil fuel or otherwise) will all be told to maximise production. That coal mine in Cumbria better get its application resubmitted, it'll get rubber stamped in a day.