This is so interesting I do feel so little is understood about the whole picture but everyone thinks they know ‘green is good, fossil is bad’ and that’s that. Government and industry need to communicate the truth about where we are and what we need to do.
Apple made like $150B in profit in 2021 on revenue of $360B that’s like a 42% profit Shell made $10B on $260B or about 4% it’s hardly that much and 2021 was a good year for shell because of rising prices.
Brief summary … Prices rose as a result of covid about a year ago. Then demand outstripped supply, then war didn’t help that either. The price cap never was intended for consumers. Policy errors in reliance on solar and wind generation underestimated the expense and lack of capacity. Nuclear is difficult and costly but we need to build more reactors to get us out of this mess. Suppliers are going bust because the government are regulating them too strongly.
