Thu 17 Sep 2026
FTSE 100 10,816.14 +1.95%Microsoft 495.48 +0.62%NVIDIA 219.43 +0.49%Apple 335.80 +2.82%Google 341.23 +3.28%S&P 500 7,636.89 +0.60%Nasdaq 26,398.47 +1.21%Dow 51,818.82 -0.47%Russell 2000 2,885.83 -0.18%US 10Y Treasury 4.95% -0.52%Euro Stoxx 50 6,322.90 -0.04%DAX 25,716.71 +1.40%AEX-Index 1,100.80 +0.19%Nikkei 225 64,136.25 +0.20%Hang Seng 24,604.29 -1.40%Gold $4,400.00 +1.11%Silver $66.10 +4.07%Brent Crude Oil $104.78 -0.85%Natural Gas $2.91 +0.31%Copper $6.65 +5.06%GBP/USD 1.3354 -1.15%GBP/EUR 1.1630 -0.04%GBP/AUD 1.8774 -0.55%Bitcoin (USD) $76,606 -0.30%Ethereum (USD) $2,458 -0.77%FTSE 100 10,816.14 +1.95%Microsoft 495.48 +0.62%NVIDIA 219.43 +0.49%Apple 335.80 +2.82%Google 341.23 +3.28%S&P 500 7,636.89 +0.60%Nasdaq 26,398.47 +1.21%Dow 51,818.82 -0.47%Russell 2000 2,885.83 -0.18%US 10Y Treasury 4.95% -0.52%Euro Stoxx 50 6,322.90 -0.04%DAX 25,716.71 +1.40%AEX-Index 1,100.80 +0.19%Nikkei 225 64,136.25 +0.20%Hang Seng 24,604.29 -1.40%Gold $4,400.00 +1.11%Silver $66.10 +4.07%Brent Crude Oil $104.78 -0.85%Natural Gas $2.91 +0.31%Copper $6.65 +5.06%GBP/USD 1.3354 -1.15%GBP/EUR 1.1630 -0.04%GBP/AUD 1.8774 -0.55%Bitcoin (USD) $76,606 -0.30%Ethereum (USD) $2,458 -0.77%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 19°C Partly CloudyBirmingham 16°C CloudyManchester 13°C Light rain showerNewcastle 14°C Patchy rain nearbyBristol 15°C Patchy rain nearbyPembroke 15°C Patchy rain nearbyEdinburgh 15°C Partly cloudyBelfast 13°C Patchy rain nearbyInverness 13°C Partly cloudyPenzance 16°C Patchy rain nearbyHolyhead 15°C Patchy rain nearbyNorwich 17°C Partly Cloudy
More Info

The Energy Crisis: A Result of Decades of Complacency

Advertisement
Follow News in 60 on Facebook

Britain is facing a renewed energy crisis, exacerbated by years of political neglect and poor strategic decisions regarding energy supply. The current situation is not merely a reaction to recent global events but a culmination of decades of complacency in energy policy, particularly the privatisation of key energy sectors and the closure of domestic refining capacity.

The reliance on imported oil and gas has left the UK vulnerable, especially as domestic production from the North Sea is increasingly exported rather than used locally. This has led to a significant decline in the refining sector, with fewer facilities available to process crude oil into usable products, contributing to shortages in essential fuels like jet fuel.

For UK residents, this means potential disruptions in fuel availability, which could lead to rationing and cancelled flights during peak travel times. The lack of domestic refining capacity highlights the fragility of the UK’s energy infrastructure, making it more susceptible to global supply shocks.

Looking ahead, the focus on renewable energy must be balanced with the reality that hydrocarbons still account for a significant portion of energy consumption. The debate around energy policy will need to address these complexities to avoid further crises in the future.

Sources
theguardian.com

Leave a comment

Your email address will not be published. Required fields are marked *