ryan palmer says:
September 3 2022 at 12:10 pm
Just to pick up on one thing.. under Sustainable Cost Accounting every wouldn’t every single gas supplier be insolvent?Reply
Richard Murphy says:
September 3 2022 at 12:12 pm
YesBecause they are
So, umm, every gas supplier should be charging more than they currently do in order not to be insolvent?
Since prices are arbitrary and capricious, and some producers are simply throttling vast abundant supply for political effect, why not print the money middlemen want to buy more from sanctioned countries?
@DLMMTS
We are about to do just that. The government will cave to the “energy crises” pressure and spunk a load of money we don’t have to pay for winter bills. As the world is short of energy (artificially created or otherwise) that’ll mean that some other country will lose out. We’ll export death to poor countries to avoid having to wear jumpers in winter.
They’ll also get rid of the marginal pricing structure used now and replace it with CFDs to keep the lower cost generators on-board. The effect of this will be to ensure that energy prices never return to the levels we had in the past as we’ll have “borrowed” from the future lower prices to abate the current high ones.
some producers are simply throttling vast abundant supply for political effect
some consumer’s governments are simply throttling vast abundant supply for political effect
FTFY
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