22 comments on UK Natural Gas Prices, Already at Historically High levels, Set To Rise
Comments can no longer be added to this story.
| Show without comments | PDF version
22 comments on UK Natural Gas Prices, Already at Historically High levels, Set To Rise
Comments can no longer be added to this story.
| Show without comments | PDF version
User login
Personnel
Editors
Contributors
Peak Oil Primers
Archives
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
Vital Trivia
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
So there's not one but TWO unknowns in the price:
1. Gas availability (the one TOD tends to concentrate on)
2. Inflation expectations...
Can you explain why oil futures have risen given your explanation of contract settlement prices -surely with the dollar falling they should also fall as Inflation expectations pick up...
Nick.
noutram- only one explanation makes sense: oil investors expect price to rise in real, not nominal terms. i.e. that the price will rise after inflation adjustment is taken into account. why? possibilities: 1. rising demand; 2. static or falling supply; and/or 3. the dollar loses its status as the world's reserve currency and future transactions will be priced in some other currency (such as euros). of the three, the latter is probably the most dramatic in its immediate consequences. imagine thousands of transactions initially priced in dollars that must be completed in another currency. it would be a currency run on the dollar unlike anything since the confederate dollar or the tsarist rouble.