Friday , April 26 2024
Home / le News / Swiss rush to buy wood as gas crisis looms

Swiss rush to buy wood as gas crisis looms

Summary:
Despite the current heatwave residents of Switzerland have not forgotten about how they might heat themselves over winter. With gas shortages looming and persistently high heating oil and gas prices, some are stockpiling wood. Photo by Skylar Kang on Pexels.comIncreased demand for wood is pushing prices higher. Wood prices have already risen 10%, according to RTS. Some vendors have never delivered such large quantities of wood during summer as they have this year. We are selling wood as if it was December, said one vendor, who fears he will run out of wood to sell by winter. Freshly cut timber needs to be dried for two years before it can be burned. Burning damp wood is highly polluting and produces less heat. But this two year lead time means there is no way to respond to a sharp

Topics:
Investec considers the following as important: , , ,

This could be interesting, too:

Investec writes Swiss health care costs continued to rise in 2022

Investec writes Swiss parliament rejects adding dental care to basic insurance

Investec writes Study shows how Swiss doctors and hospitals overcharge

Investec writes Health care cost brake initiative to go to a vote

Despite the current heatwave residents of Switzerland have not forgotten about how they might heat themselves over winter. With gas shortages looming and persistently high heating oil and gas prices, some are stockpiling wood.

Swiss rush to buy wood as gas crisis looms
Photo by Skylar Kang on Pexels.com

Increased demand for wood is pushing prices higher. Wood prices have already risen 10%, according to RTS. Some vendors have never delivered such large quantities of wood during summer as they have this year.

We are selling wood as if it was December, said one vendor, who fears he will run out of wood to sell by winter. Freshly cut timber needs to be dried for two years before it can be burned. Burning damp wood is highly polluting and produces less heat. But this two year lead time means there is no way to respond to a sharp spike in demand. If the high demand continues we are likely to run out of wood this winter.

More on this:
RTS article (in French) – Take a 5 minute French test now

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

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