As the United States continues through the interminable process that will end with the national elections in November, the continued poor state of the economy is playing an increasing part in the debate over the likely outcome.
What seems to have slipped from the discussion, however, is the contribution that energy costs are making in their impact on the different economies around the world including that of the United States. That awareness is becoming more evident in the UK, particularly in the debate over Scottish Independence. The recent Uswitch report notes:
Energy bills have more than doubled in the last 8 years – if this trend continues bills could reach £1,582 a year by 2015 and £2,766 by 2018. But almost six in ten people (59%) say that energy will become unaffordable in the UK if the average bill hits £1,500 a year, with the average household bill today already £1,252 a year.
Yet the increasing reliance on “green energies” in the United Kingdom, and particularly Scotland, are already recognized as leading to major current and future cost increases, with consequent impacts on the strength of the economies that they support.