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40 comments on Ukraine-Russia gas spat: some background and context

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jamest on January 5, 2009 - 11:08pm Permalink | Subthread | Parent | Comments top

majorian said:
> Russia could propose a fair, impartial arbitration but energy-mad Czar Putin will never submit to
> that! Nyet!

I thought that the free market was the "fair and impartial arbiter". You know, in the west someone who sells something gets to set the price and people can either accept that price or shop elsewhere. Or do you walk into Walmart, look at the prices, and demand "fair and impartial" arbitration if you don't like the posted prices?

For goodness sakes, the market price is $400, Russia is offering to sell it to the Ukrainians for $250, and the western media - which not so long ago was calling on Russia to ditch socialism and embrace capitalism - is crying about how unfair Russia is being.

Good thing we are genuinely committed to the principles we espouse. Just kidding.

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NYOPTS on January 7, 2009 - 9:52am Permalink | Subthread | Parent | Comments top

400 USD works out to about 28 EUR/MWh (EUR/USD x 400 / 10.4 kwh/cm)

current market prices for cal09 and 10 for western europe is 22-23 eur/mwh

400 would seem to me to be well above market.

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40 comments on Ukraine-Russia gas spat: some background and context

Comments can no longer be added to this story.

| Show without comments | PDF version