Instead of saving the water in the reservoirs, Norway exports much of the electricity to the UK and Germany. And when we need electricity in the winter, the reservoirs are empty of water and we have to import expensive electricity 🤦

I feel for you man. I am in the same boat.

The insanity of the “sustainability” movement.

UK has the gas but has to import it from America whilst America is importing oil because they refuse to frack their local supplies - all transported overseas using huge ships which are powered by the evil fossil fuels they want to eliminate…

How can this not be malicious? It is certainly beyond stupid.

Last I checked, it's barely worth mining bitcoin if I get free electricity, since I have to pay transmission tariff for the electricity 😮‍💨

UK is going to struggle with inflation for a while as we have effectively ruined our national gas reserves. There are 28 million homes in UK of which 22 million are heated with natural gas.

We are now importing gas from Texas, by cryogenically cooling it and shipping it across the Atlantic even tough we have decades of gas supply below our feet.

We did have a brilliant energy industry cluster around Aberdeen, companies from all around the world would invest in North Sea projects largely just to learn how offshore oil and gas production is done from a world class work force.

But that is no longer the case. Drilling is banned in practice via rollercoaster taxes and extreme interpretations of licensing conditions.

The government used price fixing to try and control the inflationary consequences of this but it’s very expensive fiscally and unsustainable for the government to hold that liability for too long so they will taper out of price fixing which is a big cause of the pernicious inflation.

This has bizarre consequences because the only way to tame the inflation is rising interest rates at the risk of the mortgage market souring and asset prices crumbling.

But hey, at least the gas we continue to burn wasn’t produced here. So we can take some satisfaction from that.

Thank you for explaining!

Is there no possibility to convince people from the benefits of using this land? It sounds like also normal citizens refuse it 😕

I live on the right side of a fjord in Norway and have cheap electricity prices (some days I get paid for using electricity), but soon a new cable will be in operation and I will have direct exposure to the rest of Europe and the electricity prices are going to skyrocket. But im trying to have a lot of firewood as a hedge 🤙

GM 🫂☕ Longest day of the year, soaking up that summer sun 🌞

Good morning my friends ☀️☕

What do you mean by mob refuse to allow to produce your own food?

Fat is good for you.