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Misleading title. Article clarifies (a little) that the surge is relative to record lows in May of 2020. For comparison, the oil price actually went negative
by mpweiher 5y ago
Misleading title. Article clarifies (a little) that the surge is relative to record lows in May of 2020.
For comparison, the oil price actually went negative during that time period. Starting at the price of zero, any non-zero price reflects an infinite percentage increase. Not sure how to calculate from a negative base.
- pricecomstock 5y agoYes, my first instinct from this title was "oh no, is my gas bill going up by 10x?" It is not, at all
- mrlonglong 5y agoYes it is in the UK. Energy bills going up by 10%, most of it going into shareholders pocket, which make me angry.
- marto1 5y agoI think at this point I've conditioned myself to mentally refute news headlines exactly because of slyness like this.
- cratermoon 5y agoIt's only deceptive if you think 'era' refers to anything but the last year.
- brandmeyer 5y agoIndeed. They actually do post a higher-resolution plot of prices over the last few years. The headline is focusing on a single very brief spike in prices that almost immediately reverted to the mean. A more accurate title would have been "Natural gas prices in Europe an Asia return to 2018 levels".