Interesting Graphs from around the web of a changing world and in particular a changing Britain.
Infographic provided by Castle Cover
In this UK gas and electricity price history 2005 marks the point when prices start to climb, inflation is about 5%+ above ordinary inflation and it is expected to get worse meaning household energy bills will double every 7-10 years. But don’t be too hard on the Water Utilities who have been amazingly consistent.
With Electricity going up now is the time to buy solar panels as they have never been so cheap. The halving in price for an average 4kw system in just a few years is unlikely to continue.
2005 a year that marked the point when North Sea oil production declined to the point the UK needed to import oil again.
Unfortunately gas production was also in decline around the same time.
Debt appears to have replaced North Sea oil revenue.
In comparison to other countries the UK did perhaps, spend the money wisely – Egypt spent a great deal of its oil wealth subsidising basic food stuffs like wheat and selling fuel for pennies, when the oil declined so did the public compliance with its tyrant.
Since the peak of growth in the late 80s [and despite the short sharp recession of 91 which was as much to do with growth and over inflated house prices that crashed over night] the trend has been down, slowly to the point we are at zero growth as of 2013.
It is all about oil.
It’s all about oil even when we are talking the price of bread.
Thankfully a decline in growth does not equate to more crime and if anything crime has declined at a similar rate to growth. All reported crime which has remained static, tends towards antisocial behaviour increasing with serious offences decreasing. Some crime has diminished because security is better and stealing DVD players and other ‘luxury’ goods are not worth the returns.
Perhaps the end of growth will also be reflected in a reduction in obesity. Does peak oil also equate to peak fat? the UK figures perhaps indicate that obesity rates are in the decline.
Real disposable income in the UK is declining fast, wages are no longer keeping up with taxes and inflation. Interestingly the spikes and dips correlate with North Sea Oil production, a pattern that one would expect from major oil exporting countries like Saudi Arabia or one of the Gulf states. It is often assumed the oil importers would be the first to suffer in a post peak oil world but it appears that the producers like the UK [and Egypt as well as many other countries in the same situation] suffer earlier.
A late find: it occurred to me that total oil production was irrelevant as what mattered is oil exports- Saudi could increase production but if its home use is so great exports would decline, and guess what? from this blog.
Global oil [in exports ] has declined a staggering 5%, no wonder we are in recession.