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Mild autumn weather has sent European gas prices plummeting

economist.com

21–30 of 278 posts

Re: Mild autumn weather has sent European gas prices plummeting

#21
post #15

Lets hope climate warming will kick in this winter. Or 30 million refugees from Ukraine will flood Europe...

There might be as many people from Pakistan, East Africa, or China who have to migrate because of global warming this winter too. Not sure whether they’ll go to Europe, but millions isn’t an exaggeration in those cases.

Re: Mild autumn weather has sent European gas prices plummeting

#22
post #21
post #15

Lets hope climate warming will kick in this winter. Or 30 million refugees from Ukraine will flood Europe...

There might be as many people from Pakistan, East Africa, or China who have to migrate because of global warming this winter too. Not sure whether they’ll go to Europe, but millions isn’t an exaggeration in those cases.

No post body was provided.

Re: Mild autumn weather has sent European gas prices plummeting

#24

> enjoyed the warmest October I abhor this kind of language that news sites use. It takes away from the seriousness of the underlying cause (and its effects), and associates hot/warm weather with "good". Public apathy towards climate change starts here.

I enjoyed it very much. It was good. Winter is coming now.

We're holding-off on running the heating in anticipation of having to crank it up to 11 come January.

What's galling about the stupidity of mass media is their ability to spin a story by focusing on 4 weeks, without any scope or informed consideration of a bigger picture.

Re: Mild autumn weather has sent European gas prices plummeting

#25

> enjoyed the warmest October I abhor this kind of language that news sites use. It takes away from the seriousness of the underlying cause (and its effects), and associates hot/warm weather with "good". Public apathy towards climate change starts here.

I don’t enjoy warm autumn weather because The Economist tells me to. I don’t think avoiding talking about the weather like a human is necessary or helpful for dealing with climate change. But perhaps part of this is that I generally don’t believe that fixing climate change has much to do with terrifying the public about it. Furthermore, it’s generally untrue that any particular warm October is due to climate change b…

Yes, it feels like cherry picking when people say something like "climate change makes severe weather events more likely" in connection with a drought or unusually hot spell but ridicule anyone who tries to use a particularly cold winter as evidence that climate change is not happening.

We should avoid the association between climate and short term weather phenomenon altogether.

And yes, the COVID lockdowns showed the limits of individual action on climate change. Even if people can't leave their house (except for some limited purposes) the reduction in carbon emissions are relatively small. It's a problem for government and industry to solve in the main. The only difficulty is how to ensure that we elect governments who take it seriously without scaring some people?

Re: Mild autumn weather has sent European gas prices plummeting

#26
post #3

On the other hand, if we could stop considering only the economic aspect of everything and see that the downside of this is that we are destroying our water reserves that took thousands of years to accumulate...

Can you expand on this or provide sources? At least in my countries the gas storage is now-empty gas fields that used to contain natural gas anyway, I have a hard time seeing how that could contaminate water sources.

Re: Mild autumn weather has sent European gas prices plummeting

#28

Unfortunately, that does not translate to lower customer-end prices.

Simple reason for that: gas storage facilities are nearly full all over Europe, and because of the warm weather and general frugality they aren't emptied. If you can burn gas right now, and you can use enough of it to to be able to buy on the spot market, you could have a field day. Could, because even if all the above applies, there might be long-term hedging contracts in place that have been signed already limiting your flexibility.

Re: Mild autumn weather has sent European gas prices plummeting

#30

Quoted post unavailable.

Playing panic football is a bad idea, either way. Diversification is a great insurance regardless of circumstances. Climate change predicts not just warmer winter, but also more variation on the mean, so for next winter, it'd still be great if those reactors are still operating (looks like they won't, but I hope 2023 will give rise to another Wende: towards more European energy independence).
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