Topic: Fuel prices hitting an eight year high - page 15. (Read 3994 times)

World oil prices have moved up this year. From the beginning of the year until now, the world benchmark Brent oil price has risen 53%. The oil price even touched US$ 80/barrel, the highest in the last three years, on Tuesday's trading. For producing countries, the increase in oil prices provides benefits, but it will be difficult for oil importing countries, including in my own country and this is very different from gold even though there is an increase but it does not make it scarce in the market, while fuel oil when there is an increase is usually followed by a lack of supply in the market. market leading to scarcity

Even if that was the case, I don't think that automobiles and vehicles in general are accountable for the majority of the fossil fuel usage, which is essentially oil. Despite the EU promoting EVs, we have a long way till those are sustainable and accepted from the mass public. On top of that, we're still using oil to produce electricity, thus, even if we have 100% EVs on circulation, we'd still be using a tremendous amount of oil to keep up with the charging of the electric vehicles.

My friends from the UK reported that people are sad about the lack of fuel in the gas stations and people are waiting there for hours while most of the gas stations are out of fuel. Since I don't have any issue about fuel in my own country, I'm not sure how real it is but from what I can see many countries are facing fuel issues and the price is in increasing all over the world, however, a part of the story makes sense when you think about the increasing of the inflation rate in all over the world and price of food and anything can increase, but still, I don't understand the real reason of why many developed countries are facing fuel issues even after electrical power is becoming more usable for people and this should decrease the consumption of fossil energy sources.

Oh yeah!
So how do you imagine this future of hydro mobility?
Is this the latest advanced prototype in development?



Oh, you meant hydrogen, good, how do you produce oxygen without electric energy or gas?


Not a fan of hydrogen but the risks are lower than with conventional fuel, hydrogen is lighter than air so the risks of accumulation at ground levels like natural gas or even gasoline are far lower, basically just remove the roof and now way hydrogen will cause an explosion from any leakage.
You can also use it directly with an ICE engine, it's just that it's not practical and not attractive pricewise.

LOL... this is the most ridiculous justification that I have ever heard. The oil prices are going up because of production cuts from the OPEC+. The oil consuming countries have no reason to spike the prices, because they suffer in the end as a result of high trade deficit and inflation. And it is funny that you think that Hydrogen can be the future of automobile industry. Hydrogen is extremely difficult and risky to store and no matter how much the technology advances, it can't be directly used in automobiles.

Oil is a non-renewable fuel, while the need is increasing every year, along with the increase in the human population. Therefore, alternative energy that is environmentally friendly has been developed, including electricity, but it cannot be switched immediately, of course it requires a process, it is possible that the fuel will be completely replaced later.

Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.

Yeah, so except 3 of them in 50 years, what's so serious about the rest of them?

And when you start with:
9 Feb 2017 An explosion occurred at the Flamanville nuclear power plant in northwestern France.

To me sounds like you're only reading the title:
https://www.theguardian.com/environment/2017/feb/09/explosion-at-flamanville-nuclear-plant-in-western-france
https://www.euronews.com/2017/02/09/an-explosion-erupts-at-edf-s-flamanville-nuclear-plant-in-northern-france-local

All the articles are saying the same, the explosion happened outside the area of the nuclear reactor.
So if you're going to add everything like this we can start counting the number of people who died falling from the roofs when installing solar panels, and that number sure topples deaths from nuclear in the last 20 years. Or was it because you couldn't find anything "serious" in the last period so you needed to beef up your reply to make it look like you have a case here?


So, what does it have to do with the actual reactor?

Meanwhile, some politicians start pumping blood into their brains for the first time in decades:
Led by France, 10 EU countries call on Brussels to label nuclear energy as green source

I wonder why bitcoin miners stick to gas, coal and nuclear.

It's easy to scoff when you don't know the information

I'll throw it around, there will be a desire - you sort it out as it is convenient for you, you will find the details of the accidents - I see you are using the Internet somehow

- 9 Feb 2017 An explosion occurred at the Flamanville nuclear power plant in northwestern France.
- 26 April 1986 Chernobyl nuclear power plant. Explosion
- March 2011 NPP "Fukushima-1", Japan
- October 1969 NPP Saint-Laurent-des-Eaux, France, explosion
- April 2011 nuclear waste processing plant at the Marcoule research center, France, blast
- January 18, 1970 Radiation accident at the plant "Krasnoe Sormovo"
- August 2004 Mihama NPP, Japan
- September 1999 the plant for the manufacture of fuel for nuclear power plants in Tokaimura, Japan. Uncontrollable chain reaction
- March 1979 Three Mile Island NPP, USA, core melt
- April 6, 1993 explosion at the Siberian Chemical Combine (fuel preparation)
- May 4, 1986 NPP THTR-300, destruction of fuel elements outside the core
- February 1982 Radiation accident in Andreeva Bay (leak of a radioactive cooler)
- February 22, 1977 Accident at the KS-150 reactor (Bohunice NPP)
- November 30, 1975 Accident at the Leningrad NPP
... and I have not yet indicated accidents at any test centers, etc. objects directly related to the NPP

The oil price hike is a big issue around the world. The major reason for this is not the oil price hike or something else. It is all about the mismanagement and the oil resource getting into the hands of specific list of people. Apart from this every country have majority of the revenue through oil industry. Through this the government try to make a big revenue in terms of taxation. If the governments make wise plans it can surely lower the tax and give the common people petrol at a much lower price. In my country in recent days to increase the usage of electric vehicles once again the price has been increased, even when people are protesting all around.

Different from country to country
Here we have a monthly service bill, the bill for the consumed kwh, the transport charges, and a government tax, and then the eco-tax, which is made out of a tax for the mix of energy, a carbon tax, a renewable tax, and then we have VAT on top of everything.
It is a pleasure to go through 5 or 6 pages of the pdf to see all of these.

In some countries, those are not detailed at all but it's more or less the same price structure.


Here is the cause for those 20%:
https://www.bloomberg.com/news/articles/2021-01-12/germany-paid-record-38-billion-for-green-power-growth-in-2020
As for Estonia, the same path of madness, how to become an importer from being a net exporter for two decades:
https://www.icis.com/explore/resources/news/2018/09/07/10257649/icis-power-perspective-estonia-will-close-619mw-of-oil-shale-generation-in-2019

And meanwhile, the barrel of oil has gone over 80$.
I'm sure the sacred spirits of the bison warriors are sleeping peacefully now, with keystone dead and food prices for descendants skyrocketing.

More exercise, good for the brain.


EVERYTHING will be expensive when the full set of inflation/probable hyper-inflation enters the economy. Now, Jerome Powell is convincing everyone that it’s only “transitory”. It’s NOT, but he will keep convincing the plebs.


The transistion is hard for the world economy to adjust.

One thing that I have difficulty in understanding is why the tree huggers have an issue with nuclear energy? Without a doubt, it is the safest, cheapest and cleanest form of electricity available. A few accidents have occurred in the past, but the death toll from them is far lower than the ones from thermal or hydro powerplants. And technology has advanced to such a level, to eradicate the possibility of such accidents repeating. Nuclear waste disposal is the only issue now, but even for that now there are safer options.

I'm really worried about the oil price hike right now it's really difficult for my family because now every day going to work and filling up gas has taken up a part of my own salary income has become a thing too big , hope in the coming days there will be measures to make the oil price drop , so that my family can save a part of travel expenses.

The cause for such a small tiny risk in Nuclear is the fact that it is by far the most dangerous thing in the world. We all remember what happened with Japan when they had an earthquake so big that the nuclear plant had a leak and that caused so much problems for them.

It means normally 99.99999% of the time it is by far the safest since if you do not secure it good enough then we are talking about generations of cancer and other bad stuff going around in that place, hence anyone who does it does it very carefully. Wind and Solar and Hydro is by far still the best and most efficient way since it neither hurts the world nor that difficult to do neither, such an easy way to handle.

Question on this since I can't find the answer, in the EU is electricity priced as 2 separate things on your bill or just 1.

In most of US you have delivery charges which are what it costs to keep the power lines up, the substations running, the distribution network, etc.

And then you have the generation charges. What it actually costs to make the electricity.

They are separate line items in most places.  What I have seen in many locations is that the generation costs have gone up some but not a lot.
The DEILVERY costs have gone insane. Mostly due to years and years of neglect of power infrastructure that now has to be fixed / upgraded / replaced.

When Hurricane Sandy hit NY / LI 9 years ago it really showed how badly our power infrastructure was neglected. Over the last 9 years the power company has been upgrading and doing tons of other stuff to make sure it does not happen again into the BILLIONS of dollars of costs. Which we get to pay for.
Had it been done over the decades before the costs would have been less since it's cheaper to keep things maintained then let them get that bad and have to do full scale replacements. And the delivery costs would not be what they are now. Since 10 billion over 30 years is a much smaller per month number then 7 billion over 10 years. (Made up the numbers, but the point remains the same) It's just hard to get people to spend money when everything is working.

It's great to show a chart that shows that country X had their power go up Y%. But without context it's just numbers without meaning.
Germany going up 20% or Estonia going up 19% means nothing if they just committed to massive infrastructure improvements that have nothing to do with the cost of generating power. Not saying that is what happened, just that I can't find any info on it.

-Dave

For the billion? trillion? time!
Renewables are not cheaper.
Who leads the renewables charge in Europe? Germany and Denmark!
Look how electricity prices have evolved in those two countries int he last 10 years.



Who leads the renewables charge in the US? California! Closing fossil fuel powerplants and even planning on shutting down a nuclear station.



Renewables are not cheaper! They are more expensive and more unreliable!
That's why mining in China was done with coal powerplants, that's why mining in the US is done, guess what, from coal and nuclear-powered energy.
Nobody is putting 100 millions into panels but in coal powerplants.


Please list at least two dozens of those very serious accidents, singe there is a huge number to pick from 
And if the second one is Fukushima, can you also please also let me know when the last 14-meter high tsunami hit Europe or the US? 

During the quarantine of 2020, the price of crude oil per barrel had plummeted, down to $20 levels. I haven't seen petrol and diesel being so cheap back then, it was actually the cheapest I've can remember in my lifetime. Unleaded 95 petrol was as low as €1.318/liter and diesel €1.03/liter. Unfortunately, due to the quarantine measures, there wasn't much use, since everything was closed and transportations were banned by any means.

Even though cars are quite popular in my country, with around one car per household, I don't have a car and don't plan to own it because I believe it's an irrational usage of space, and a bad environmental decision. So I think it's good that the fuel price is rising because this will discourage using fuel as well as buying a car. As for the price, it's roughly 1 EUR per litre in my country right now. And more generally, moving away from fossil fuels is very important because, as has been shown in this thread already, it's the least safe and the least eco-friendly energy source out there, so developing and encouraging the adoption of alternatives will literally save lives.

That's alarming because we're running out of it and the alternative solutions are still useless because there's no support and the intermittence of the alternative meaning that they're not as reliable as a standard fuel and many other things.