Quote Originally Posted by baggiematt View Post
The future kind of has to be that prices drop or wages match the increase, otherwise the economy will collapse. How many people are putting off buying a car, a house, a holiday etc because the money needs to pay for fuel and energy? That will really take hold when the price hikes actually hit.

We’re heading toward a hell of a recession, no doubt about it.
Yes we are Matt and there isn’t a lot we can do about it.

We have not developed renewables and have got into bed with devil instead. Putin had the west where he wanted them and took full advantage. Demand for gas/electricity gone through the roof as the world comes out of Covid restrictions. He knew we were screwed if we (the west) stopped buying from Russia and took the opportunity to grab Crimea and then Ukraine.

Do you seriously think gas prices will drop before the winter of 2023 or even 2024? No chance unless Putin is persuaded to stop the war (unlikely) or the west go back to buying Russian gas (unlikely).

The west is doomed economically until we get renewables in place, you may as well accept that.