Didn't the socialists try this in the 1970s? It didn't work then.
But today the wealthy are mobile and can move their assets overseas.
The ‘potty’ Left-wing plan to tax billionaires out of existence
https://t.co/X5xcycWocN
@kirillklip 636 TWh solar vs 38 TWh gas. Learning curves doing what you'd expect. Shame UK households still pay gas-linked prices regardless of generation mix. REMA: four years and counting.
@marcosagusstinn Curious what 'energy sovereignty' means in practice. More LNG spot dependency and marginal gas pricing setting all electricity costs isn't sovereignty. It's structural vulnerability with a bigger balance sheet.
@lfg_uk £50m junction, empty since 2019. Judicial review rates hit 58% against a 10% long-run average. Construction without activation is the UK infrastructure model.
Nuclear for data centres? By the time a reactor delivers its first watt, battery economics will have made it redundant. Big batteries are on a steep learning curve. Nuclear has a negative one.
Australia wants to build a data centre hub on an already strained energy grid that relies heavily on intermittent wind and solar. It needs baseload energy if it has any chance of building a serious economy. #Coal#Gas#Nuclear
Hit ♥️ if you agree
@exencial_RP MENA -12.41% collapses on inspection. UAE has $1.5T+ sovereign reserves and ADNOC kept loading via Habshan-Fujairah. The divergence within the region matters more than the aggregate.
@renew_economy UK grid ran 71% on renewables and nuclear for a full week in April. Households still paid gas-linked prices. Marginal pricing is the structural failure Westminster won't touch.
@meadwaj@ZackPolanski Curious whether people linking food stress to Hormuz have tracked the fertiliser chain. CF Industries shut two UK plants in 2022. Income support doesn't fix a gas-dependent supply chain.
North America dominating FID volumes is expected. Who in DESNZ or Ofgem is connecting Qatar force majeure, US LNG cost inflation, and marginal pricing into a supply security strategy? I'm not seeing it.
Rising LNG Project Costs Give US Incumbents Leg Up to Advance Major Expansions: The Iran war is driving momentum for US LNG exports, but it’s pushing up project costs in a way that’s jeopardizing upstarts trying to develop new plants and positioning… https://t.co/Ig2HeEqo5i
France built nukes at 1/5th today's cost. Nuclear has a negative learning curve. Labour costs drive blow-outs, not fish protection. £700m conflates safety and cooling with environmental compliance. Actual deterrent: ~£50m. It's well documented.
'Who are Britain Remade'? - A right wing think tank who keeps regurgitating the same pro nuclear nonsense, calling for deregulation!
If you want to see the true picture do read 👇
https://t.co/li18iZt6LR
https://t.co/oMGSFGT4P5
https://t.co/QaLhBJNl3k
https://t.co/LC3MKkff9f
@trend_bullish Curious if people pricing the SPR drop have factored UK marginal pricing. Gas sets the electricity price even at 70%+ low-carbon generation. Spain reformed. UK: still waiting on REMA.
Cost causation is the right principle. UK drifts the other way: data centre demand applications up 460% in six months, costs socialised across all consumers via Ofgem methodology.
A utility industry schism -- FirstEnergy breaks with its peers and tells FERC that data centers should pay for transmission upgrades they impose and be billed the standard transmission rate paid by everyone.
@trend_bullish Quota increases don't move molecules. Qatar declared force majeure on LNG contracts, repair timelines running 3-5 years. Constraint is physical infrastructure, not production permission.
@trend_bullish 2-3 days of UK gas storage against Germany's 90. Every crude tightening just runs through marginal pricing into bills. Where exactly is the buffer?
@windpower_m He's right. Floating wind's learning curve is only just getting its shoes on: you can't set a strike price for something you can't forecast.