A global recession is on the horizon - please read OP for mod warning

I mean if gas prices are so high and feeding into high electricity prices .... how the **** is charging an EV so **** cheap compared to essentials like running an oven/fridge/electric heater etc... Running an EV is 4x cheaper than powering your home.

The problem is if people in the 1st world go hungry due to lack of food that means the 3rd world have had a seismic famine.

If your bread, milk and free water doubles in price, that takes up a small fraction of your income (even ~€200 social welfare) if someone in the 3rd worlds bread, milk and water doubles in price.... well they are fucked.

It's a global market, worst come to worst, the 1st world will always outbid the 3rd world for food.

I wouldn't believe him atall. He only saying that due to the markets going crazy for the last few months thinking this is all going away. When it all goes pete tong, heel fill the printer with ink and away we go again even if inflation is still at 4-5% and bail out the big guys. If this happens then we're in a total fake economy that rigged for the institutions and could likely face hyperinflation down the line.

Some people always relish the notion of an upcoming recession and fantasize about how it will be the "downfall" of Western civilization and other hyperbole. I'm sure a recession is coming and that this winter (and likely the next) will be pretty rough.

However "end times" and dying of starvation? Not so much. Perhaps a slight dent in the number of luxury SUVs that clog our roads and some protests.

When not if for blackouts this winter, FFS someone really dropped the ball the last few years on this.

https://www.independent.ie/irish-news/blackouts-fuel-rationing-and-a-return-of-2-a-litre-at-the-pumps-41940906.html

I don’t relish anything.

I have a very comfortable lifestyle, good job, holidays , etc. I’d love for it to keep going to the end of my days- it’s not going to.

there is nothing on the horizon to replace all the various ways we depend on fossil fuels to run our society and feed 8 billion people- so when fossil fuel supply as it is now becomes an issue a lot of **** will hit the fan.

this was happening before the Ukraine war that has just exacerbated it

Yes, not a great idea to rely on others like we are seeing play out with Russia.

It`s green cult thinking. Like any cult it`s not meant to make sense, just followed without question.

Last year in Ireland electricity demand grew by 4%, electricity supply from renewables dropped by 17%. Electricity demand as opposed to generation has been on a knife edge for years, flagged by both Eirgrid, the CRU and anybody that cared to look. The green solution was ignore any of that and plow on with unreliable intermittent renewables while pushing to add 1 million EV`s to demand at a cut price rate and increase demand even further by pushing heat pumps.

Their policies on food production are every bit as wacko. Threatening to walk out of government if they didn`t get their way on reducing cattle numbers in Ireland "for the good of the planet by lowering emissions" while Brazil alone are planning on raising their herd numbers by 24 million.

They are a cult that when it comes to policy the qualification for input is that you were either mitching from school or out behind the coal shed the day "sums" were taught.

If there were magic money trees that would be fine, but as there aren`t then it is time to prioritise which will give the best value as a reliable dependable source with low carbon emissions.

once again, money is always magically created, in both the public and private domains, we have just decided one of the 'best' ways to use this money is (re)inflating asset prices, rather than using it to create new assets such as new property and new energy creation assets etc!

we really need to get over this limitation in money thing, there isnt, and we prove this to ourselves time and time again, i.e. wide scale covid supports globally, and endless war supports! theres no money limits, just bullsh1t human behavior in what its used for!

The companies spend their own money doing the exploration and then building the infrastructure.

The government allow them to recoup the costs of this from the profits they make by selling the gas/oil.

Please stop spreading false information.