Prices of the electricity we use to charge

[guerney]

The run on Deutsche Bank does not surprise me. All the banks, big and small, are hit by rapidly increasing lending rates. The bigger the bank, the bigger the loss on their sovereign bonds. They bought them when interest rate was low, now the rate on their borrowing is higher than what the premium on their sovereign bonds bring, so they chalk up very big losses. As the loss on bonds is paper loss, they don't have to show it on their balance sheets, hence the suspicion that they intentionally hide huge losses. Fear and the vultures move in.

It must be more complicated than that surely, when the same form of error has been touted by the media as reasoning for the failure of two large banks, who presumably have adequate resources to assess risk and hedge to the gills?

 

[guerney]

Eyewitness accounts of the colour of the initial explosion. A totally different colour to what Hydrogen burns. But it's nasty stuff.

Could that have been because higher temperatures occur in explosions, causing metals to burn? The composition of which is controlled to colour fireworks.

 

[Woosh]

It must be more complicated than that surely, when the same form of error has been touted by the media as reasoning for the failure of two large banks, who presumably have adequate resources to assess risk and hedge to the gilts?

it's not just the gilts. Large banks participate in interest and default swaps. If DB went down, holders of their bonds and insurance (default swaps) won't be repaid. The cost of insuring bonds issued by DB went up surprisingly fast a couple of weeks ago, prompting investors to sell their bonds in droves which induce fear to their depositors who then moved their money elsewhere.
The real culprits are everyone. We asked our government to spend big when covid and the war in Ukraine struck. Inflation follows inevitably. Now we want our pay to keep up with inflation. So who is going to pay back the borrowed money? As usual, the poorest and most defenceless who spend all their money on first necessities. Inflation rates are highest in first necessities like food, energy, transport and housing.
government creates problems, it has to solve it using taxation instead of insisting that inflation created by them is solved by the BoE which has only one tool in its bag and totally predictable and predicted by speculators, landlords and hedge funds alike: push up interest rate. That won't work well this time round.

 

[Croxden]

Could that have been because higher temperatures occur in explosions, causing metals to burn? The composition of which is controlled to colour fireworks.

I can't remember details, there was a TV documentary that explained it all.

 

[guerney]

 

[guerney]

we're doomed

The Mining Industry’s Next Frontier Is Deep, Deep Under the Sea
Companies are diving to the bottom to scoop up metals essential for our EV-driven future. But how much ocean are we willing to sacrifice?

The Mining Industry’s Next Frontier Is Deep, Deep Under the Sea

Companies are diving to the bottom to scoop up metals essential for our EV-driven future. But how much ocean are we willing to sacrifice?

www.wired.com

 

[guerney]

https://en.wikipedia.org/wiki/Self-replicating_machine#Von_Neumann's_kinematic_model

NASA Announces Launch Delay for Psyche Asteroid Mission

NASA Announces Launch Delay for Psyche Asteroid Mission

NASA announced Friday that the Psyche asteroid mission – the agency’s first mission designed to study a metal-rich asteroid – will not make its planned 2022 launch attempt.

www.nasa.gov

This Rare Asteroid May Be Worth 70,000 Times the Global Economy. Now NASA Is Sending a Spaceship to Explore It.

This Rare Asteroid May Be Worth 70,000 Times the Global Economy. Now NASA Is Sending a Spaceship to Explore It.

If all goes to plan, the spacecraft will arrive at 16 Psyche in August 2029.

robbreport.com

 

[PC2017]

failure of two large banks,

SVB, follow the bailout money, something odd happened, 20 Billion was given to "protect" pay roll/SME from loosing all their deposits, but if we look closely 13.3 Billion went to 10 account holders, did they just bailout 10 Billionaires? I suppose time will tell.

 

[MikelBikel]

From https://www.bloomberg.com. Saudi Arabia makes-surprise 500,000 barrels a day oil output cut as part of
OPEC+ 1 Billion barrel cut.
And prices go..?

 

[flecc]

From https://www.bloomberg.com. Saudi Arabia makes-surprise 500,000 barrels a day oil output cut as part of
OPEC+ 1 Billion barrel cut.
And prices go..?

Usual OPEC move, never miss an opportunity to worsen a shortage to raise prices.
.

 

[PC2017]

never miss an opportunity to worsen a shortage

Infinite money hack in practice. Inflation will scoff.

 

[MikelBikel]

A hybrid bike to get one home when battery goes flat.. help up hills, nice.. mmm?

 

[PC2017]

Well my elecy prices finally came down after about 2 top ups on my tokens (prepay) so now I can not believe how much it has come down; prev 31.97p per kWH & now as little as 31.20p per kWH and my standing charge you ask... oooh not cool, without doing the maths I am saving maybe a penny a day, Maldives anyone on my new found fortune.

 

[flecc]

Also on the thread subject, but the cost of charging an e-car on the public network. One of the charging companies, Geniepoint, have just announced the new prices with the latest increases:

Off Peak: 20.00 - 07.59 . . . 88p per kWh

Peak: 08.00 - 19.59 . . . 98p per kWh

Ouch!

Fortunately I do all my e-car charging at home for a fraction of those.
.

 

[MikelBikel]

https://thedeepdive.ca/e-on-hikes-energy-prices-45-as-germany-winds-down-its-last-nuclear-plants/
Another 45%, guess they're gonna be burning a lot of coal and buying all the French atom electricity they can get. What will that do to the price of juice UK and IRL buy over the french Interconnectors?

 

[PC2017]

French atom

Assuming the french have enough cold water to cool the reactors...

 

[guerney]

 

[MikelBikel]

 

[guerney]

 

[Woosh]

Geothermal is excellent source of energy.