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Thread: Signs of a debt laden future?

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    God/dess Deogol's Avatar
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    Default Signs of a debt laden future?

    Military base receives electricity cut off notice....

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    Banned Melonie's Avatar
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    Default Re: Signs of a debt laden future?

    ^^^ every business in the country that uses year over year budgeting is facing the same situation re rapidly escalating electricity prices. Most bean counters forecast perhaps a 5%-7% YOY increase in electric bills - not bothering to connect the dots and figure that, in the absence of any new nuclear or coal fired power plants, electricity prices are now set by gas fired turbines or oil fired steam turbines. The huge leaps in oil/gas prices since last year have actually resulted in electric bill YOY increases of 15% to 40% in some cases, which massively overshot last years' budgeted amounts.

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