National Grid says electric bills will rise more than 60% this winter
“We can really point to the war in Ukraine and the energy crisis that's happening in Europe for the [increased cost of natural gas]”
“We can really point to the war in Ukraine and the energy crisis that's happening in Europe for the [increased cost of natural gas]”
"It's hard for subsidies to not be good for the average consumer. ... I still worry about more than just the average consumer … "
"Increases in the crack spread [the difference between the cost of oil and the cost to refine it] recently has been just supply and demand."
"The world market is so big and so vast, it's hard for even a big country and an economic powerhouse like ourselves to have a large impact."
"10 years from now, that oil well may not be earning profits [which] is creating a disincentive to drill."
"We would still be facing $120 [a barrel] oil even if we produced as much oil as we consumed right now."
"It's not going to be painless or instantaneous, but it will be harder to forget the war than it was to forget high oil prices."
“If I'm thinking about drilling a well and I see the writing on the wall ... I might not want to drill that well."
"We're all trying to think about a system where there is no natural gas … In that world, batteries are going to become important, or necessary.”
"...the markets think that there will be sustained demand for oil for quite some time."