Utilita chair Derek Lickorish MBE tells Times Radio “we just don’t know” how high gas prices will go as long as the war in the Middle East continues.
WIKIPEDIA: Utilita Energy »
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label energy prices. Show all posts
Showing posts with label energy prices. Show all posts
March 09, 2026
‘We Just Don’t Know’ How High Gas Prices Will Go as Iran War Continues Warns Utilita Chair
Mar 9, 2026 | “It's going to be a white knuckle ride”
Utilita chair Derek Lickorish MBE tells Times Radio “we just don’t know” how high gas prices will go as long as the war in the Middle East continues.
WIKIPEDIA: Utilita Energy »
Utilita chair Derek Lickorish MBE tells Times Radio “we just don’t know” how high gas prices will go as long as the war in the Middle East continues.
WIKIPEDIA: Utilita Energy »
Labels:
energy prices,
gas prices
January 12, 2024
Is the Economy Facing Another Energy Price Shock?
BBC: Both Prime Minister Rishi Sunak and US President Joe Biden cited the global economic impact of Houthi attacks on Red Sea cargo ships in overnight statements as the reasoning behind military action.
The Treasury has modelled scenarios suggesting that disruption in the Red Sea could further shrink the UK economy, risking a recession.
The main fear in the Treasury's analyses is of a rise of at least $10 per barrel in the international price of crude oil and a 25% increase in the price of natural gas.
Rises such as these have not actually materialised, so far, mainly because of the actions of Saudi Arabia - the major oil producing nation - in soothing global energy markets with price cuts.
The US and UK will hope that their overnight strikes on Iran-backed Houthi rebels will help reverse widespread delays and disruption to Red Sea trading routes, by re-establishing safe passage through the Bab-al-Mandeb Strait into the Suez Canal.
But, on the other hand, there is now also a clear pathway of escalation to a wider Middle East conflict. » | Faisal Islam, Economics editor | Friday, January 12, 2024
The Treasury has modelled scenarios suggesting that disruption in the Red Sea could further shrink the UK economy, risking a recession.
The main fear in the Treasury's analyses is of a rise of at least $10 per barrel in the international price of crude oil and a 25% increase in the price of natural gas.
Rises such as these have not actually materialised, so far, mainly because of the actions of Saudi Arabia - the major oil producing nation - in soothing global energy markets with price cuts.
The US and UK will hope that their overnight strikes on Iran-backed Houthi rebels will help reverse widespread delays and disruption to Red Sea trading routes, by re-establishing safe passage through the Bab-al-Mandeb Strait into the Suez Canal.
But, on the other hand, there is now also a clear pathway of escalation to a wider Middle East conflict. » | Faisal Islam, Economics editor | Friday, January 12, 2024
Labels:
economy,
energy prices,
Houthis,
Red Sea,
the Gulf
August 26, 2022
Martin Lewis Issues a Stark Warning as He Calls for the Government to Help with Energy Price Hikes | Good Morning Britain
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