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Sure, let me just get a couple hundred million in capital, I'll be there in a minute. If people are complaining that something is wrong, the answer isn't "well
by andrepd 4y ago
Sure, let me just get a couple hundred million in capital, I'll be there in a minute.
If people are complaining that something is wrong, the answer isn't "well why don't you take advantage too"
- vkou 4y agoI assure you, there are plenty of people with a few hundred million they are looking to invest who aren't in on the Big Gas conspiracy! Yet, most of them don't seem to be tripping over themselves to collect this free money. It could be because: * The market has priced in the cost of storing all this gas between now and February. * Storage is expensive, and is at capacity. * Building out new storage that only will be useful for a total of two years (Or however long you expect the war to last) is a poor investment. * An increase in storage capacity will lower the spread between the spot price of gas in October and the price of gas in February, as suppliers price in the increase/reduction in demand * Europe transitioning to electric (heat pump, baseboard, etc) heating will lower demand for gas. There's a reason that difference in spot pricing exists.