[ad_1]
This terrible war has brought into sharp focus exactly what is meant by the term “energy security”.
In short, it’s not just about supply, but supply that’s affordable – something that’s become increasingly strained in the past week.
There are few conflicts since the world wars that have had the potential to so directly impact the cost of living in Britain.
Ukraine-Russia news live: Follow the latest updates
The fact of the matter is, there is a price to be paid here for a faraway conflict, and it’s being borne in the homes, on the streets and behind the wheels of this country.
Higher energy bills, higher prices at the pump, higher pressure on us all.
Howard Taylor is a cab driver and has been for the past 35 years. For the first time in all those years he’s started thinking about whether there’s a line beyond which continuing doesn’t make financial sense for him anymore.
“The costs of going to work have never been anywhere near as high as they are now,” he says, “and the energy bills are frightening.”
“Life is sort of running from one thing to the other and trying to keep costs down on all of them, and struggling.”
Key developments in the Ukraine crisis:
• ‘Prove you are with us’: Ukraine leader’s emotional speech
• Footage captures huge explosion after Russian strike
• More than 200,000 Ukrainians could join family in UK
• Crying Ukrainian challenges Boris Johnson over response
The forces squeezing him and so many others like him are the soaring prices of oil and gas.
Cuadrilla, the company that undertook fracking in the UK, says the current crisis is a major failing of energy policy and planning
They have both skyrocketed since the invasion, wholesale gas up another 25% just on Tuesday, crude oil at around $106…
[ad_2]
Source : skynews
