The fears of power outages, blackouts, and energy rationing have once again been touted, this time by English banks and other financial institutions.
Representatives form the trade association called UK Finance are discussing and encouraging remote working, identical to what the Covid lockdowns spurred, according to a Bloomberg report.
Moreover, banks in London are already closely observing plans for energy reserves in the event of blackouts.
There is no sense of panic, just everyone is making sure that their ducks are in a row.
Andrew Rogan, director of operational resilience at UK Finance, told Bloomberg in an interview
Oilprice.com additionally noted the following data:
This summer, London narrowly avoided a blackout in the eastern part of the city at the end of July. While London and much of the UK were reeling from the hottest day on record in Britain, high power demand and a bottleneck on the grid left parts of East London close to blackout. The UK, however, managed to avoid a blackout in London by buying more electricity from Belgium at a mind-blowing price of $11,812 (£9,724) per megawatt-hour (MWh), which was more than 5,000% higher than the typical price.
Outside the UK, banks across Europe are bracing for energy rationing and possible power outages this winter by getting backup generators ready so that they won’t leave bank transactions and ATMs in the dark if the energy crisis worsens, sources familiar with plans told Reuters earlier this month. As governments in Europe appeal for voluntary gas and electricity conservation and even consider rationing, banks are also bracing for a difficult winter. The banking system is too important for Europe and its economy to be left affected by power outages.
AUTHOR COMMENTARY
A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.
Proverbs 22:3
All summer and beyond The WP has been reporting on these fears of blackouts and energy crisis this winter in Europe, and possibly the United States. Will they happen? No idea, but I’d rather not wait to find out, so hopefully you have taken some preemptive action at the very least.
But once again we see the media flaunting the concept of working from home. Commercial real estate was already ‘near death’ post-lockdowns, and already in the steep decline prior to 2020, but now if more commercial managers and investors are worried it will cost them too much to keep the lights then, then this fits right into the “new normal” scenario the elites orchestrated; getting everyone isolated from each other, easier to control…
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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Totally off topic brother Jacob but when you get time, check out this documentary on the KJB on youtube. “Thy word be verified”
Also, check out a book called “Sealed by the King” its downloadable for free.
Very interesting stuff on the KJB and numerics
Thanks brother Daniel. Always looking for a new book!