Posts Tagged ‘recession’

Fuel Prices Are Soaring And For What Reasons

Thursday, June 17th, 2010

It would seem that over the past few months we have seen major increases in the prices of fuel here in the UK and I know this to be true across the entire world too but why is this, is there really any major needs to actually put the fuel up so high or are companies simply looking to be greedy.

 

Most people know that oil is of course running out which means that the prices are going to increase but to this extent I do not think is fair, companies should spend more time in looking at other means to make fuel. Because of this fact it would seem that not only the consumers are panicking but many of the oil companies are too and are putting up the prices to try and sway people from actually buying the fuel. We have also seen a bit of a fall in car accessories because of this too.

 

The companies are really starting to get greedy with all of this which really is a shame and they should not be doing it but what choice do we have when it comes to this, without them there would be no way of getting a hold of oil in the first place.

 

Prices will always start to increase again after a natural disaster for some reason and I think that this is mainly because the companies are using it as an excuse. Of course the likely reason for prices staying high for the last couple of years was the recession but now they have no excuses at all.

 

The best way to avoid these massive increases is to actually get your car in full working order to save fuel wastage and make sure you have things like Gap insurance and bad credit car loans to protect you from paying out further.

So there you have it really, is this down to the fuel companies to put the prices down, will we ever see a decrease in prices?

UK Government Introduces “Stealth Tax” on Green Energy

Wednesday, May 13th, 2009

The world has officially gone mad. Not only is the credit crunch tightening people’s budgets and purchasing power, but heating bills are taking an increasing chunk of available income.Those from lower income backgrounds, particularly old people, are the ones who are especially at risk in terms of health. They are the ones who need to be able to stay warm the most in winter. But it is exactly these people who are increasingly struggling to heat their homes.

The concept of Renewable Energy has become a buzzword for energy companies and governments in the past decade. It is hyped up as the answer to all our troubles. You can save money and save the world at the same time - its just perfect. With this mantra on their lips, they win votes and build wind farms, supposedly for our benefit.

But the recent announcement by the UK government exposes that to be the swindle that it is. The “Renewable Heating Incentive” is a plan to build more wind turbines and solar panels to replace fossil fuel energy sources. But they’re not going to ask the energy companies to invest in these desperately needed energy sources. They are going to charge us, the taxpayer, to foot the bill! The plan aims to charge a levy to energy providers using fossil fuels. The big friendly energy company, however, is planning on paying for this cost by increasing home gas and electric costs.

Electricty prices increased by 26% over the last year, and gas prices by 59%. This meant that millions had to think twice about switching on their portable heaters. Going green has been touted as a way for people struggling to pay their bills to lower their costs. But this new legislation harms the poorest in society. Essentially what this will mean is that those with more secure and higher incomes will be the ones who can afford to switch to green energy sources for their homes. But if you can’t, and resort to using fan heaters or oil filled radiators to warm your house when the temperatures drop, you’ll be hit with higher energy bills. The same will be true even if you factor in the low interest loans scheme that is supposedly aimed at making it more affordable for people to go greener. If you’re already up to your neck in debts and worried about making rent next month, you’re hardly likely to take out a new loan, low interest or not. If the introduction of university student loans have taught us anything, its that offering low interest loans only make these schemes more appealing to the middle classes.

I ask you, is that right? To my mind it would be far more just, and sensible, to make sure that the money for such schemes comes out of the mega-profits made by these huge energy conglomerates.They could then use this significant sum to subsidise green refubishment on lower income houses, so that they can benefit from reduced heating bills. I would be interested to hear your thoughts on this.