#624 – Jamie Jenkins

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Jamie Jenkins (00:00):

For you, isn’t it? It’s a afternoon year in the uk so it’s nice. Nice sunny, sunny, warm afternoon.

Sevan Matossian (00:06):

It’s could come really sun. It’s sunny.

Jamie Jenkins (00:09):

It is. For a change. Yeah.

Sevan Matossian (00:10):

Are you exaggerating

Jamie Jenkins (00:12):


Sevan Matossian (00:13):

I, I went to school for uh, uh, uh, six months in, uh, London. It was time of my life. One of the, one of the best, one of the best periods of my life. Amazing. Cool. Um, why is it my headset working?

Jamie Jenkins (00:27):

I was, I was to frame, cuz I can make myself bigger if you want me to. Okay. I got a green screen. I

Sevan Matossian (00:31):

Think you, I think you look great. I’m just having trouble hearing you, but I know it’s on my end. There we go. Cool. Uh, Caleb, nice to see you buddy. I’m sending you away. Bye. Just like that. It’s, we’re alone. Can you hear me, Jamie?

Jamie Jenkins (00:48):

Yeah. You all good mate? All good.

Sevan Matossian (00:50):

Oh good. Uh, Jamie, are there any good numbers? You know,

Jamie Jenkins (00:56):

Good numbers as in <laugh>,

Sevan Matossian (00:58):

Like is the number two a good number or the number 17? No, by good numbers, I mean, um, the, the good news is, is that a lot of stuff we’re talking about today in the world, people have actually control of themselves. Well we always have control of ourselves. Um, and I kind of get off on the sadistic nature of some of the crazy shit that’s happening. Mm-hmm. <affirmative>, but I was thinking this morning I shower, I, I wonder, I love what you do. I don’t know how old you are, but when I was a kid they had the Guinness Book of World’s record and it was small and the writing was really little and they had every record in there. Yeah. And it was crazy thick. The binding could barely hold the book together. And it was a paperback. Now it’s like this giant hardbound book and it’s got pictures and it’s just been completely dumbed down. It’s like, it’s a picture and it has like 70 records in it. Right? Yeah. Um, but I loved the numbers. I absolutely loved the numbers. Um, and, and I, by that I mean, do you know any, are there any stats that you see and you’re like, Oh this is a fun one to watch? This one always keeps me optimistic. Yes. I, I don’t know. Let’s say you were Christian like wow, Bible sales are up. That’s really great. Or you know, like do you see any stats where you’re like man this is fantastic.

Jamie Jenkins (02:11):

Well I suppose some of the good stats that are out there at the moment is that even when you see these kind of uptick in covid cases that hardly anybody’s going into hospital anymore. So that’s a good, good stat there. Um, uh, what the things, I think the facts we got highlight in the take, climate change is a good example. Quite good hard facts that it’s the richer causing most of the kind of the climate catastrophe when you look at the amount of carbon they are creating. If there is a climate catastrophe for people want to go down that kind of road. So, so I think there’s loads and loads of facts up there on, on a daily basis. We’ve um, had the latest baby names in the uk

Sevan Matossian (02:51):


Jamie Jenkins (02:51):

Most popular baby names in the UK this week as well. I think Noah is at the top of the list now, uh, in the uk. So yeah, there’s always some fun facts comes out every single week, every single day I think.

Sevan Matossian (03:02):

And, and where do you per, is there a place you hang out that’s like the watering hole for this information?

Jamie Jenkins (03:08):

Well we, we are inundated with data. So in the UK with the, the government’s always putting out loads of data on a daily basis. So, uh, kind of the main hangout is where I used to work is kind of for some geeks out there we call the office for national statistics is kind of where I used to hang out with with all my kind of chums doing all the numbers. So I kind of come out of that. One of the good things not working there is that you can kind of go on a lot of different platforms and talk about the numbers and give an opinion. So I used to do a lot of like media interviews whilst working in the kind of the, the government statistics. And you can go on, you can talk about the numbers, but if a presenter then says to you, So what do you think the government should do?

Jamie Jenkins (03:46):

You can’t really answer that cuz you, you can impartial when you’re presenting the figures. So there’s tons and tons of stuff on there. And more I try and do through my kind of Twitter profile is put out stuff just to kind of on the hot topics of the day. So we’ve had covid obviously the last couple of years, we’ve got the cost of living crisis across the world, the impact of gas prices on oil prices, all these different things that ultimately people I find generally struggle with numbers. They haven’t got a clear where to look for them. So it’s trying to bring the numbers that are relevant to people’s lives and then putting them out there on a, kind of, on a daily basis so people can make sense of what’s going on in the world.

Sevan Matossian (04:25):

Um, it’s, you’re right, a lot of people don’t understand numbers or, or I think maybe, I don’t know what happens to their brain when they hear numbers. I mean there’s things that I hear where I just kind of turn off. If someone starts using a consecutive words that I don’t understand, I’ll see myself kind of like fade back into a fog. But without that ability to contextualize things, there’s no ability to do risk assessment or, or any assessment.

Jamie Jenkins (04:51):

No, indeed. No. You spot on there. I’ll give you example of kind of this week now. So the, the UK media are talking a lot about a, a new wave of co with this in the country. So the, the, the headline figures is there’s 1.3 million people across the uk this is from this facts and figures that have been published this week who are estimated to have covid and how they work that out. Cause people naturally are all my Twitter feed saying there’s not that many people are being tested. How do we know that number? So most statistics, where they come from is you do random surveys. So you’ve got a random selection of households and you will go and test people in those households and then you might find that, I dunno say 3% of all of them have it. You then aggregate that. What would that mean if we tested every single household and you get 1.3 million and it’s going up.

Jamie Jenkins (05:37):

But what you gotta contextualize it, it comes back to me with this. So what do we care kind of thing. So a couple of years ago covid cases would be going up across the country and there would be huge pressures on health systems because there’s very few people who’d had the virus before. Loads of very few antibodies in the population and people were worried a little bit bit more about what’s going on just in case at all world health systems. But the story that’s been kind of reported is, yeah, cases are going of journalists are programmed to say, yeah, cases are going up because that’s what the figures are showing. But I was doing a couple of television interviews this week on them and just to say that, okay, yeah, cases are going up. We’re in that period of the year where it’s coming into the kind of in the northern hemisphere where in the respiratory virus season cases are going up.

Jamie Jenkins (06:21):

But you look at the number of patients in hospital were severely ill with covid these days. It’s barely moved for the last year. So stop focusing on this number. Focus on the number that really matters. And I think that’s sometimes what gets lost when journalists are putting numbers out. And it can sometimes be used to kind of profit some fear into the public, I suppose, you know what happens with newspapers and, and the media in general fear cells. But you’ve gotta contextualize it and it comes back to me. It’s the so what if you tell us somebody a number, Why do I care? That’s the important thing.

Sevan Matossian (06:53):

Uh, Jamie Jenkins’s, former head of health analysis and labor markets analysis at the Office of National Statistics. There’s um, tell me about this, um, Office of National Statistics. How long has that been around and and how did you end up there?

Jamie Jenkins (07:10):

Yeah, so it’s kind of, um, it’s a government body but it’s an arms length from government. So some people think that oh, they get told what they have to publish. So it’s independent. So the, the kind of the government, what is funded through taxpayers is, is independent of go of government kind of interfere and things. So you’ve been going for a while. They, it’s probably since the nineties where they amalgamated different organizations that existed in the UK to create when you’ve got uh, all countries across the world kind have their national statistics office. And I kind of went to the university study in always good with maths in, in school, went to university, did maths, kind of fell into the office, national statistics cause its just down the road from where I live. So I spent a lot of time in my career working there.

Jamie Jenkins (07:53):

Kind come out with more recent years having done lots of different things cause you don’t be doing the same stuff all of the time. But uh, basically they’re there to responsible for doing lots of surveys across the country because we need to know what’s going on in the economy. So all that kind of comes from there. You need to know what’s going on with kind of health and lifestyles as well. And that’s information comes from there because ultimately if you wanna have an effective policy for government or data to the whole government to account, you need somebody to create that. And that’s kind of what the Office for National Statistics does.

Sevan Matossian (08:26):

A statistic might come out of let’s say Australia, uh, four people died of covid or that a thousand people have the virus and then the presuppositions are that, um, dying is bad and that, um, getting a virus is bad. Okay. Um, and then, and then to contextualize that, you, let’s say they say over the year a thousand people died in Australia from uh, from Covid. And we know all the problems with that, with saying that it was from Covid. Um, I’ll just give a quick example. Uh, I think it was Switzerland. I had a scientist on from Switzerland and he said the average age of Covid death in their country was 82, but the average age of death was 80. And at the point you see that you can’t say that people are dying from Covid. You say that you have to say that they died with Covid <laugh> and uh, and, and it’s that not understanding numbers.

Sevan Matossian (09:19):

But then you see these stats, like you see the effort that’s made to prevent the spread of Covid or save people from Covid. And then I tell you that 1800 people died falling downstairs in Australia. I made that up. I don’t know what the number is there, but it’s 12,000 in the US every year. 12,000 people died falling down the stairs. And that’s, and also what I mean by um, contextualizing numbers or if I tell you a million people have covid, you have to be like, okay, where else are there a million people? Okay, we have a million people who work for our postal service. We have 1.5 million prisoners in the United States. You know, this kind of like, understanding of um, of what that really means and is the, what are the actual chances of, of like something that, of something like that happening. So school shootings is another example.

Sevan Matossian (10:06):

I have friends who are pulling their kids outta their schools for school shootings cuz they’re afraid of school shootings. But like when you, when you look at the figures and start looking at the chances of it happening to your kids, um, at your kid’s school, you’re crazy to send your kid to school in California anyway, um, uh, it’s not, it’s not possible. Your kid gonna get stung by a swarm of bees before he’s, before he, he gets involved in a school shooting and there’s this just giant, um, and I’m sure you see this too, the cure and I, I know you said we, we talked about, you already said something about expressing opinion, but when you see this stuff, do you ever scratch your head and be like, Hey, the cure is actually causing the solution is actually causing more problem than, well I think than the harm because no one’s contextualizing these numbers. Yeah,

Jamie Jenkins (10:53):

No I think you’re spot on there cuz you know, you, you take what the stuff that you just talked about that when you see numbers all over the news and, and let’s go back say a couple years ago to the start of the pandemic and, and then the saying, yeah, covid cases are going up. This is a number of people who are dying. Um, you’ve gotta burn into con some kind of context. You’ve got. So the very start of the pandemic, we were seeing more deaths and you would expect, so the virus was kind of killing people. But then I think that a lot of the media across the world, um, started getting stuck into this rought about telling people every single day how many heat we were dying from Covid. Even in the UK we would have this when deaths have fallen to relatively low levels.

Jamie Jenkins (11:32):

Cause we were seeing some big numbers in terms of what you would expect at the start in March, 2020. And then by the summer of 2020 the numbers were relatively low, but every single day they were all over the news. The government themselves were paying for adverts, telling people all about the virus and is really worried what, what they weren’t doing is actually saying, well if you are, I dunno, let’s just say a 20 year old male and you happen to catch this virus, well for you, for the vast majority of you, it’s gonna be a relatively mild illness. And and we got to a point in we through most of the pandemic where a lot of people didn’t know they had it. It’s just there was an obsession in countries, I dunno why much was in the US but in the UK there was an obsession. I live in Wales in the UK

Sevan Matossian (12:14):

Obsession, wasn’t it 80% asymptomatic? Isn’t that the, the like the number that the Center for Disease Control in the United States gives out 80%?

Jamie Jenkins (12:21):

Yeah, I’m not sure exactly what that was, but what we had in the UK cuz they um, they brought in these vaccine mandates, which I think they sort of bringing in other countries as well where you have to show proof of a vaccination to go into certain venues or if you didn’t do that you have to have a negative test. And then Mark Drake would the first minister whom Wales, So we’ve got the Prime Minister, which is now Liz Trust. We’ve got kind of different parts of the UK government slightly differently. But, so Mark Drake would’ve kind of runs where I live I suppose he, he was then saying, um, flow before you go, which was basically have a lateral flow test before you leave the house. I was just hard to normalize this absolute nonsense that people would say, well there’s free tests. Well they’re not free, they come from somewhere there, somebody has to pay for them.

Jamie Jenkins (13:01):

You know, they manufactured none of thin air and we were just getting a huge amount of people testing. And then you would find more and more kind of cases because more and more people were testing. But when you kind of contextualize where we are now, like the number I talked about now we got 1.3 million estimated to have covid in the latest week. And again, that comes from a, a random survey of households, but the vast majority of those who will test positive think, oh I don’t even know I’ve got it. So if you’ve got a, a virus now where for most people they don’t even know they’re ill unless they test for it. We’ve kind of gone full into some kind of really weird situation in terms of that because obviously if you’re worried about an illness is if the illness is gonna make you really ill that you’re gonna be severely ill in hospital, then yeah of course that will be when you find out.

Jamie Jenkins (13:46):

But it seemed to be a badge for some people and posting on social media. Yeah, I’ve got Covid as an example, but oh I feel fine. It just, yeah, some absolute nonsense stuff gone on the last couple years and where you talked about kind of the cure and the disease itself. Well, countries went into obscene lockdown measures. I think the very start of it, we didn’t know where we were kind of coming into, but it was quick to see that this was a virus, this was severely higher risk for the elderly people. As you talked about the Swiss numbers, they’re similar in the uk the latest figures, average age of death, the latest month’s 85,

Sevan Matossian (14:19):

But what serious 85 85

Jamie Jenkins (14:22):

For the, for the latest data. So all the time, oh my god, 82. But and then you still have people in, in the UK and I imagine in other countries as well calling for some more restrictions to come in because cases are going up and, and you just think that, you know, have some context in all of this. The cost of living crisis is definitely linked to the measures to curb the virus the countries took because supply chains were decimated because they’re all locked down. So when we reopen the country, that’s a big part of the reason we got inflation. Governments are in mass debt because of the cost of covid and they’ve basically racking up debt now because of the energy crisis in the world. So, you know, there’s gonna be a lot of harm for the, you know, for the foreseeable future because of measures that were put in place where, yeah, okay, the start maybe warranted, but they went on far too long in some countries and even in the US now Jovi couldn’t come in to play tennis because

Sevan Matossian (15:13):

Oh crazy, he

Jamie Jenkins (15:15):

Hasn’t had crazy, haven’t been vaccinated where one Wimbledon in the uk you know, these different rules in different countries. What he says to me is they say following the science, well if the science was settled on every country would’ve the same rules, but they don’t because it’s more political for me rather than the science.

Sevan Matossian (15:33):

I, I don’t think that those people know the true meaning. I i I know that they don’t know the true meaning of science. I I I think the cornerstone it, um, of science, uh, is it’s predictive value. It doesn’t matter how you get it. We have this, we have this comment that circles the planet, it’s called Haley’s comment circles our galaxy. And I can tell you when it’s gonna be here next to the minute and I can tell you where it came from. That’s science, that’s predictive value. There is no predictive value with climate change. There’s not a single model that can look backwards that’s accurate. It the models that they’re using to predict the doom of the planet, you can’t look back six months and then tell you the weather, they’re all wrong. There’s no they a that it’s fucking madness. I’m not suggesting that there isn’t or isn’t climate change, I’m just saying that this global warming thing, the model that they’re using doesn’t follow within any of the parameter parameters of the foundation. And the same thing was true with the covid.

Jamie Jenkins (16:26):

Yeah, well one of the things with covid, so

Sevan Matossian (16:29):

In Australia, one quick thing, sorry, Jamie in Australia and New Zealand are perfect examples.

Jamie Jenkins (16:35):

<laugh>. Yeah,

Sevan Matossian (16:36):

They they went the, it almost looks like they were, no, sorry, it looks like they were trying to hurt their people. If you, if you follow the science.

Jamie Jenkins (16:45):

Yeah, well if you take model in then, so the, the thing with the science and the model in for each of the different countries was that they come up with some model, it says something catastrophic is going to happen probably, you know, a bit like what they do with climate change I suppose. So they say, so there is, if you don’t block down or if you don’t do this, these number of people will die. And then a government ministers in thinking, well we better do something, I don’t know because we don’t wanna be seen with blood on our hands. And so that’s what generally happened. And then what you get then is if you put an intervention in, so if they say, if you don’t do this, this will happen. Well if you then do the thing that they want you to do, you can’t mark the homework and you, because they will say, well we don’t know.

Jamie Jenkins (17:24):

You can’t prove that it wouldn’t have been in that case because obviously we did something. But last year in the uk, which is an interesting thing, so Boris Johnson, when he was still prime minister, we again had all the kind of weird, this group called Sage, which is the scientific advisory group, uh, in the UK coming up with modeling and every code we had modeling, didn’t they? And, and what they were saying is that were Boris, if you were going into Christmas time last year, they said, if you don’t bring in further measures now in this country, we’re in the heart of winter, these number of people are gonna be dying every single day by February. And he stood up and said, you know, we’ve already been through several of these lockdowns. And he said, No, we’re gonna continue with the plan that we’ve currently got in place.

Jamie Jenkins (18:03):

So we hadn’t got rid of everything at this point, but there was no plan to stop you mixing with your family over Christmas. He, he basically said, No, we’re not gonna do it. So that was the, the first time, take the UK context, we could then, okay, let’s now track what actually happens versus what these modelers said would happen. And I wrote a blog on it on my website, the number of deaths that they said would happen, uh, compared to, you know, what actually happened, The reality was 93% lower than what they were. The kind of central estimate was, you know, completely way out the modeling was. So you could actually look at that and then you go back and think, well the same modelers and the same modeling was used. And then bring all of these lockdowns that kind of come in and I say the first one, we didn’t know what we were encountering, so maybe there, but we remember con we started bringing things in, taking them back out again, bringing them in, taking them out again. So it was the first time where you could look at it and think this model is absolute nonsense. So then you start questioning and as you’ve just rightly said, the modeling on other things like so the climate and thing. So can you trust the modeling? That’s the challenge. And I don’t really think we can, when you look in terms of the track regular covid,

Sevan Matossian (19:11):

How do you stay so calm?

Jamie Jenkins (19:13):

Well that’s, that’s part of what I’m, uh, try and be good at doing. But I, I do get ire sometimes, you know, talking of climate change this week. I dunno, you’ve got some parts of the US where you’re all moving and banning electric vehicles, aren’t you? I’m not across you take Europe. No,

Sevan Matossian (19:28):

Not banning, sorry, sorry. Banning gas vehicles.

Jamie Jenkins (19:30):

Yeah, sorry, yeah. Banning gas vehicles. So you move

Sevan Matossian (19:33):

To, they should ban electric vehicles

Jamie Jenkins (19:35):

<laugh>. Well, yeah, Bann. So you, you take this, you’ve got a situation now, just I’ll take Europe as a good example though. So, so the UK’s gonna ban, uh, the sale of new combustible engines and by 2030 and at the moment across the, I think it’s not so bad in the US because you’ve got more energy security over there than some of the countries in Europe, but Europe and in not the UK’s not as bad as say Germany and Italy and France so to speak. But this talk of having the light switched off this winter because they haven’t got enough gas coming in to generate their electricity. So in 2020 to 2023, it takes a while to boost you, you know, your own energy security. Where the hells all the electricity coming from for all these electric vehicles that we all gonna be moved to?

Jamie Jenkins (20:18):

Who’s gonna be buying them because they cost an absolute forging? You know, it is, it’s absolutely madness. I don’t think anybody in the world thinks it’s a stupid idea to move to cleaner forms of energy. But the pace they’re trying to do is all in this pursuit of net zero. It’s a direct cause of the cost of living crisis and it’s the poorest people who get impacted most because what you’ve got is more and more countries are trying to buy gas because it’s cleaner than burning, say coal. More countries trying to buy on the world global stage versus the price up energy prices goes up. Rich people can afford it, poor people can’t. That, you know, the, the cost of net zero is zero pun, you know, zero money in the bank accounts of many, uh, poorer people across the world.

Sevan Matossian (21:00):

Uh, two things I’d like to editorialize on that one, that is not the rich people’s fault and that doesn’t mean that we take money from the rich people. It is no fault of their own that they got rich. Well, it is their fault. They, they, they earned it. Taking money from them to buy the poor people a few extra nights of, of gas for their cars will not be the solution. They’re gonna end up with the money again. Anyway, it’s, it’s, it’s crazy. The second thing is, I don’t think that there’s any proof at the current state. I love the advancement of technology. Electrical cars are wonderful, but I don’t think there’s any proof that they help the environment. I think that there may even be proof, uh, mounting that it’s contrary. Why doesn’t I, I want to talk about that, that energy thing in the uk. Um, why doesn’t the United United Kingdom just build two massive nuclear reactors after your, um, Atlantic seaboard empower the whole country? It it, it’s crazy clean and, and you’ll be free from from, So how’s it work? Now, before you answer that question, how does it work? Now when I was reading, um, your blog post yesterday, I’m like, Oh shit, this country has to get all its energy from other places. I couldn’t figure out how that was. How’s that work? What’s the model there?

Jamie Jenkins (22:04):

Yeah, so back in the 1980s, so you were talking about 30 odd years ago, four years ago, most of the electric would be produced domestically in the uk which obviously energy is, is really important to have your own security. If you can’t have any energy then you know, how are you gonna survive? So, but the vast majority of that came from burning coal and then successively over the last 40 years, we’ve reduced the number of coal fired power station. It’s very, it’s practically non-existing coal in the UK now other countries are moving that way. And then as we started going from coal over the 40 years, we started moving towards more gas to produce our electricity. And then a lot of that gas came from the, the North Sea. But what we’ve seen over the last 10 or 15 years is rather than come from the uk, the North Sea, we are importing more foreign gas because the, it is no bonkers government have said, well yeah, net zero, it’s all gotta be renewables.

Jamie Jenkins (22:57):

We don’t even want any fossil fuels. We don’t want any gas at all. So we haven’t moved fast enough to get enough renewables. So where we are at is that we are relying on foreign countries now to import gas because we’ve, it’s gone far too fast in terms of the acceleration away from coal. Germany’s another example. You know, a lot of Europe’s in exact, you know, in the same situation they’ve relied on kind of cheap gas from Russia and obviously the Ukraine war and, and blocking all the pipes and all put in stock in the pipes flowing. That’s caused a bit of an issue across Europe, say the US is is filling the bit of that void by exporting more gas into Europe at the moment. But to get to a situation where, you know, you spend billions upon billions of, of pounds or dollars on your, you know, your military for your defense, but to get to a system where you rely on foreign countries your own energy is absolutely a manner.

Jamie Jenkins (23:46):

So your point about nuclear, we’ve got political system where we’ve got several parties kind of, you don’t kind have like you’ve got in the us which mainly Republicans and the Democrats, several parties. And when, uh, we had an election in the two thousands, late two thousands, uh, we had, uh, a coalition between two different parties and one of them was ES nuclear. They just think, Oh, we don’t want more nuclear. And there’s a clip being going around on social media from the kind of one of the people in that part who’ll form the coalition with the government saying, Yeah, we don’t want to be invested in nuclear, we won’t get any energy from nuclear until 2022. So why would we wanna bother with that? We need more wind, we can get it up quicker now if we built them 10 or 15 years ago, 2022 now. Perfect. So short term,

Sevan Matossian (24:32):

Wouldn’t it be nice to turn that thing on tomorrow morning?

Jamie Jenkins (24:36):

No, exactly. Short termism is the problem. And, and you know, renewables does have a, have a play in some of this Norway. I was looking at it myself actually cuz way export loads of coal, loads of gas. So I thought, okay, Norway obviously must be very energy secure. I’ve got tons and tons of gas up in the North Sea there Norway, and then about 99% of all Norway’s electricity interestingly is renewable. And it’s been like that for ages, thought, well where, where’s all this happening? They’ve just got tons and tons of water. So what they do is they’ve got tons and tons of reservoirs, they send it down, hydropower powers the country, and even when they don’t need electric, they’ll send the water down and then if they’ve got too much electric for whatever reason, they can send some water back up and and reuse it. And that’s how we used to generate power like 200 years ago. So, so the UK getting to where there is now absolute nonsense and I think the, the number one thing this government needs to sort out for the generations to come is energy security, getting things sorted like that.

Sevan Matossian (25:34):

Wow. Dude, look at this Jamie 90, I think, uh, Caleb scroll at the top, 98% of their energy comes from hydro. Wow.

Jamie Jenkins (25:42):

Yeah, it’s, it’s amazing. And, and obviously lots of countries have got different kind of landscape but, and they’ve got tons and tons of places know where they can store their water. But this, this isn’t a bad way of doing it really because people criticize wind because if the wind’s not below you don’t get any electric. People criticize the solar because it doesn’t generate any electricity at night. Nobody talks so much about the use of water, you know, it’s always raining and we get droughts. But yeah, Norway just fascinated me when you look at that, there is an option to do clean energy, but I think lots of countries going down the solar, the wind route at a very fast pace, removing themselves away from coal. We, you know, we’ve gotta rebalance and, and that’s ultimately, we don’t wanna be, if you take one of the best things about the industrial revolution is poorer people obviously came up a bit because everybody started getting access to things, you know, and energy. We’d wanna be going back to those days where, you know, only certain people can do certain things and, and yeah. So yeah, Norway, good example there. But for me, we can’t be relying on foreign countries funeral and energy.

Sevan Matossian (26:48):

Yeah, it’s crazy. Um, on a really micro scale, um, when I, uh, I have a hundred fruit trees on my property and when I was, when I was employed, I never picked my fruit. I would watch it hit the ground and just like a king still send myself or my wife to the store and still purchase fruit and I lost my job and now I pick all my, I I harvest all my own stuff or my friends. I, I’ve noticed that in the last two years, so many of my friends have bought chickens. It’s like I I I don’t live in, I mean I kind of live in the country, but I just can’t, I didn’t know anyone who owned chickens two years ago and now I know 30 people who, who own chickens. And people are starting to feel like, hey, I, I need to take, I need to make sure that I’m producing food for my family closer to me, not just for health reasons, but for some security. And then on the big scale, the countries need to do that too. Without that you, you’re, I mean I think that there’s a, some crass saying you have, you’re hanging your dick in the wind. I mean it’s not a, uh, I also saw that 3 million people will not have enough money to pay for the gas that, so gas, gas actually flows to basically everyone’s house in the uk and that’s how they’re, they’re heated.

Jamie Jenkins (28:01):

Yeah, so the vast majority of the UK comes via kind of gas. Some, some parts are kind of off the grid where they’ll use oil. And what we’ve got is that,

Sevan Matossian (28:12):

Is it, is it, is it liquid gas or, um, prop or, uh, air gas. Gas,

Jamie Jenkins (28:17):

Yes. It’s kind of the air. So it all comes into the UK generally, right? It’s liquified natural gas that comes in on ships mainly from kind of the Middle East. That’s where a lot of our gas comes from. We got pipes from Norway bringing it down and, but it’s, it’s kind of liquified natural gas. So it’s kind of the, the kind of the, the airy type gas because they, it comes in liquified natural gas. Cause I think in the u us you talk about gas in terms of what you put in your car, don’t you, that kind of stuff. So, so this is kind of where you call natural gas, not the, the kind of gas which we would call kind of petrol. It comes from oil. Okay. That kinda that kind of stuff. So it’s natural gas and yeah, most households across the UK all comes in through there.

Jamie Jenkins (28:56):

But the boners thing is as well is that most 40% of our electricity comes from gas as well. So we basically burn gas to generate electricity in the electricity power station. So when the, the price of gas has gone up significantly because there’s nothing coming out of Russia going into Europe. Now that means that your gas, the heat, your homes go up, but the electricity price goes up as well because 40% of all electricity comes from gas. And we’ve gotta really bizarre where, I think it’s the same in Europe, how you price electricity and gas. So 40% comes from gas, you’ve got some from nuclear, you’ve gotta have 40% from renewables. And the cost to create electricity across the UK and and, and in Europe hasn’t changed for renewables because obviously the windmills are still outta the solar. But they get in huge profits now because the way they price it is what’s the cost of the last bit to create the energy for the grid. So if gas is needed to create the last bit to power the country, everything else, even if the price doesn’t change, they benefit from all the increased prices.

The above transcript is generated using AI technology and therefore may contain errors.

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