Anyone felt the pinch yet?

Notice a good proportion of my hotels are quiet this week. But with the jubilee round the corner and pride the week after maybe folk are simply saving their trips for that.

Cant help but feel the media are driving a lot of it. They seem hell bent on us heading into a recession. Making people panic and stop spending.

They should be telling everyone its all gravy.

Only area Ive felt it is diesel. £154 to fill my van the other day. That's taking the piss.

2 hours ago, Spider said:

I have to go to Coventry later.

Flats or heels?

Naked on horseback

1 hour ago, Traf said:

Naked on horseback

Jinx

13 hours ago, Jol_BWFC said:

@Tonge moor green jacket @bolton_blondie, money making machine?

 

I dried up a long time ago 😂😂

15 minutes ago, bolton_blondie said:

I dried up a long time ago 😂😂

 

3 hours ago, Zico said:

Naked on horseback

I'm alarmed at how your mind works.

17 hours ago, Spider said:

You’ve hit the nail on the head.

Electric cars are one day going to leave the oil giants without a massive amount of income.

Whilst the war doesn’t help, there’s absolutely no doubt whatsoever that they are going to profiteer for a while.

The only alternative is to make fuel so cheap that EV’s become unappealing.

Either way, the transition to a more renewable dependent world is going to cost us all a fucking fortune.

Up front investment in infrastructure is going to be expensive. The energy it produces isn't. Spread it out over a long enough period and it shouldn't be too bad.

Been reading a lot of stuff on battery technology and hydrogen too- latest is a system to produces hydrogen from water with light directly. Involves titanium dioxide surface with catalytic molecules that allow the process to take place. 

No need to produce electricity for electrolysis so it's a shorter, more direct process.

Hydrogen seems like the way forward for many things; direct heating and cooking, transport, and a means of storing energy for when renewable production is reduced.

Just a few days ago, some off shore wind farms were switched off as the grid couldn't cope with the amount being produced, so they were stopped. 

At times like that, if the excess electricity can be used to produce hydrogen, then that can be burned to add to the grid at peak demand.

Lots of opportunities and a company has applied to build a green hydrogen plant nearby- the biggest in Europe I belive. Manchester and Salford councils considering the plans.

17 hours ago, Tonge moor green jacket said:

Up front investment in infrastructure is going to be expensive. The energy it produces isn't. Spread it out over a long enough period and it shouldn't be too bad.

Been reading a lot of stuff on battery technology and hydrogen too- latest is a system to produces hydrogen from water with light directly. Involves titanium dioxide surface with catalytic molecules that allow the process to take place. 

No need to produce electricity for electrolysis so it's a shorter, more direct process.

Hydrogen seems like the way forward for many things; direct heating and cooking, transport, and a means of storing energy for when renewable production is reduced.

Just a few days ago, some off shore wind farms were switched off as the grid couldn't cope with the amount being produced, so they were stopped. 

At times like that, if the excess electricity can be used to produce hydrogen, then that can be burned to add to the grid at peak demand.

Lots of opportunities and a company has applied to build a green hydrogen plant nearby- the biggest in Europe I belive. Manchester and Salford councils considering the plans.

In theory, the existing gas pipes we have could be converted to supply hydrogen.

Someone worked the cost out recently and it would take around 20 years at a cost greater than the entire GDP of the UK.

Basically, it won’t happen. Which is a shame because it would be cheap and clean.

Has the haulage industry had a sweetener from the government?

It doesn’t seem too long ago when diesel prices rose to around £1.20/ltr and the haulage industry was up in arms and organising strikes and motorway blockades.

Now the price is about 50% higher still they’re doing precisely nothing. As it’s mostly fuel duty, if they get the tax element reduced, so do we.

Hikes in transpirt costs are being passed on

We cant do owt but accept them

Its absolutely shit atm

Quotes from 3 builders coming in for a very small 12m2 side extension, £4000/m2. All were within £1-2k of each other so a good tender and representation of the costs. Not long ago we would expect £1500-2000/m2.

A sheet of standard OSB board was £25 last year. Now up to £45. That's just to board your new roof 🤦‍♂️

2 hours ago, Spider said:

In theory, the existing gas pipes we have could be converted to supply hydrogen.

Someone worked the cost out recently and it would take around 20 years at a cost greater than the entire GDP of the UK.

Basically, it won’t happen. Which is a shame because it would be cheap and clean.

Why won't it happen?

There was no gas supply nor infrastructure at all not too long ago.

We won't need as much of a supply neither, as some will go down the route of electricity for heating etc, and homes will be better insulated.

Markets will drive it, and now is the perfect time to start.

As said previously, the boom in electric cars is remarkable. Sales of cars down overall; a lot is to do with component supply, and no doubt some saving/waiting for prices to come down a bit, but the shift over is self evident. When was the last time you saw a car advert for a purely 'ice' powered car?

TMGJ is right. A couple of generations ago we had people sharing conveniences in the back street. Now everything is powered, gassed and watered and we even have phone and cable lines so I think it is not beyond us to put in a new supply for Hydrogen.

2 hours ago, MickyD said:

Has the haulage industry had a sweetener from the government?

It doesn’t seem too long ago when diesel prices rose to around £1.20/ltr and the haulage industry was up in arms and organising strikes and motorway blockades.

Now the price is about 50% higher still they’re doing precisely nothing. As it’s mostly fuel duty, if they get the tax element reduced, so do we.

https://www.bbc.co.uk/news/business-61716039

From cheese’s link. I assume everything is rounded up hence the 101 the percentages add up to but the obvious thing here is the way they separate fuel duty and VAT. Either way, over half the cost of a litre of fuel is going to the government. 

15 minutes ago, MickyD said:

From cheese’s link. I assume everything is rounded up hence the 101 the percentages add up to but the obvious thing here is the way they separate fuel duty and VAT. Either way, over half the cost of a litre of fuel is going to the government. 

hence the govt coffers being swelled as the tax take % stays the same regardless of price

theres an argument they love fuel going up

6 minutes ago, Casino said:

hence the govt coffers being swelled as the tax take % stays the same regardless of price

theres an argument they love fuel going up

I’m sure they do. I’m also sure the Chancellor of the Exchequer would give with one hand and take with the other by upping revenue made elsewhere 

3 hours ago, Tonge moor green jacket said:

Why won't it happen?

There was no gas supply nor infrastructure at all not too long ago.

We won't need as much of a supply neither, as some will go down the route of electricity for heating etc, and homes will be better insulated.

Markets will drive it, and now is the perfect time to start.

As said previously, the boom in electric cars is remarkable. Sales of cars down overall; a lot is to do with component supply, and no doubt some saving/waiting for prices to come down a bit, but the shift over is self evident. When was the last time you saw a car advert for a purely 'ice' powered car?

You are correct 

the planning for the first hydrogen pipeline is already underway and public consultation has already happened, along with a carbon dioxide pipeline to transport captured emissions. 
early stage planning for work on this pipeline and the above ground  storage etc is already under way in anticipation 

https://www.hynethydrogenpipeline.co.uk

4 hours ago, gonzo said:

A sheet of standard OSB board was £25 last year. Now up to £45. That's just to board your windows up 🤦‍♂️

 

2 hours ago, Casino said:

hence the govt coffers being swelled as the tax take % stays the same regardless of price

theres an argument they love fuel going up

Until it contributes to inflation, a fall in economic performance etc.

Always a balance to be reached. 

I'm sure he's happy to have the cash to help pay for the pandemic borrowing etc, but when folk stop spending then tax takes drop.

https://newatlas.com/energy/toyota-woven-hydrogen-cartridge/

An interesting look at hydrogen use.

just in case anyone thinks OPEC will be of any us, todays news

 

- Merely a couple of days after OPEC+ sped up the pace of production increases, Saudi Aramco hiked its July formula prices for Asian buyers to higher-than-expected levels, stoking concerns that supply might be lower than expected. 

- The July ’22 OSP for Saudi Arabia’s largest crude stream Arab Light was hiked by $2.1 per barrel from June, almost a dollar above the month-on-month changes in the Dubai cash-to-futures spread.

- With Chinese buying widely expected to come back after recording some of the country’s worst post-pandemic figures in April-May, Aramco can afford to hike its prices, especially with Russia expected to drop production. 

- Also increasing prices into Europe, keeping only US pricing unchanged, Saudi Arabia might be indicating that it will not be able to produce as much crude as the OPEC+ deal stipulates, sending Brent prices above $120 per barrel again. 
 

The dentist is contributing to my cost of living crisis 2k for tooth implant last year and need root canal and crown at 1k this year. I’ll be working till I drop at this rate. 

Can really see some manufacturers stopping production of petrol/diesel vehicles earlier than first predicted.