smartphone orten software here handy ortung russland mspy auf iphone 6s Plus installieren spy cam app iphone 6s Plus handy kindersicherung internet vergleich sms spy yahoo
Skip navigation.
... for greater sustainability and local resilience

Learning Resources

PaulS's picture

This section is used to list resources available to Groups and individuals across North Cornwall. To use any of the Resources, just contact the originator of the message.

To add a resource, just click on 'add new comment' and fill in the 'Post a comment' form.

To comment on any of the items, just click on the item itself and then click 'reply' (bottom of page)

Cost of energy imports to UK trade balance

Cost of energy imports to UK trade balance
by Euan Mearns

Over the years I have drawn attention to concerns about the impact that peak oil (1999) and gas (2000) in the UK North Sea would have on UK trade balance. In the space of a decade, the UK has gone from oil and gas exporter to importer. In articles such as UK Energy Security (July 2007) and A State of Emergency (June 2008) I speculated about the financial cost and in today's article I put real numbers on the cost of UK energy imports.
It is relatively straight forward to envisage the plunge in North Sea oil and gas production continuing for the foreseeable future, but much more difficult to understand how demand and price will evolve. The main conclusion I can draw here is that the UK cannot afford to pay for rising energy imports and higher prices simultaneously and so something will have to give, either locally or globally.
The oil & gas deficit for Q1+Q2 of 2009 was £1.79 billion and this has grown to £2.55 billion for the first two quarters of 2010, a deterioration of 42%. With food and coal prices both rising the trade deficit for 2010 is set to become a whole lot worse, despite lingering recession.
Full article with graphs here:

As mentioned in the 'secret energy crisis' blog, as a country we are heading to 80% import of energy by 2020, which even on optimistic assumptions is utterly unaffordable. The cost of this energy will completely overwhelm the cost cutting spending review. That means that sometime between now and then we will find developing shortages in all types of energy, resulting in frequent and extended grid power cuts, restrictions on the use of transport fuel by private citizens, failure of just-in-time deliveries to factories and supermarkets, causing periods of panic buying and shortages.

Every sensible UK household should be taking steps to greatly reduce their own energy consumption and to install whatever renewable energy systems are suitable for their homes to lessen the coming shocks and to reduce their own exposure to astronomic energy bills of the future.