Let’s hope it doesn’t backfire like the sanctions. If they try drive down the price, Russia will probably respond by releasing less gas to the market to increase the price again…
I wonder what they can really do though. If buying it elsewhere was possible, it would have been in the works by now. Nuclear takes years and I’m sure most countries are building renewables as fast as they can
Oh no, what will r/Ireland moan about now
The fact prices can plunge purely because the EU say they may regulate them says a lot. That would suggest the price is largely set by traders, rather than inherent cost to generate. These futures trading really fuck things up and should not be allowed. What value do they add?
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Let’s hope it doesn’t backfire like the sanctions. If they try drive down the price, Russia will probably respond by releasing less gas to the market to increase the price again…
I wonder what they can really do though. If buying it elsewhere was possible, it would have been in the works by now. Nuclear takes years and I’m sure most countries are building renewables as fast as they can
Oh no, what will r/Ireland moan about now
The fact prices can plunge purely because the EU say they may regulate them says a lot. That would suggest the price is largely set by traders, rather than inherent cost to generate. These futures trading really fuck things up and should not be allowed. What value do they add?
Can they intervene in the housing crises too ?