“Analysts at Goldman Sachs (NYSE:GS) forecast the price of gas will more than likely halve this winter as European countries effectively tackle avoiding shortages.”
Now lets see if the cost is passed onto the consumer
That headline looks like good news. Think I need to get my eyes checked
Makes sense Europe is busy filling its gas storage. Once full Germany will have enough gas in storage for 100 days.
Customer prices won’t go down, it’ll just mean even more profit.
Great news! I’m glad energy producers will be able to continue to make even higher profits as their bottom line is lowered!
Haven’t the energy companies already bought the gas for the winter at the higher price?
Oh great, so we can expect our energy bills to half as well then, right?
Right?
I’m assuming this is the price producers will sell to the suppliers, not from suppliers to end consumers.
So, I would expect prices to not change, and suppliers will get to post record profits next. It will be spun as them needing to invest in ways to keep bills down in future.
If Russia capitulates in Ukraine and the gas starts flowing again they won’t be able to give the stuff away.
This headline may aswell read: Goldman long on gas please buy short.
Crazy how much less greedy the gas producers have gotten recently.
Bullshit they will, printing money is gonna inflate things more
Our government will find a way to f*ck us however low the price gets. And still people will vote Tory.
Goldman Sachs say it is going to half? I might as well invest and see if it doubles.
14 comments
“Analysts at Goldman Sachs (NYSE:GS) forecast the price of gas will more than likely halve this winter as European countries effectively tackle avoiding shortages.”
Now lets see if the cost is passed onto the consumer
That headline looks like good news. Think I need to get my eyes checked
Makes sense Europe is busy filling its gas storage. Once full Germany will have enough gas in storage for 100 days.
Customer prices won’t go down, it’ll just mean even more profit.
Great news! I’m glad energy producers will be able to continue to make even higher profits as their bottom line is lowered!
Haven’t the energy companies already bought the gas for the winter at the higher price?
Oh great, so we can expect our energy bills to half as well then, right?
Right?
I’m assuming this is the price producers will sell to the suppliers, not from suppliers to end consumers.
So, I would expect prices to not change, and suppliers will get to post record profits next. It will be spun as them needing to invest in ways to keep bills down in future.
If Russia capitulates in Ukraine and the gas starts flowing again they won’t be able to give the stuff away.
This headline may aswell read: Goldman long on gas please buy short.
Crazy how much less greedy the gas producers have gotten recently.
Bullshit they will, printing money is gonna inflate things more
Our government will find a way to f*ck us however low the price gets. And still people will vote Tory.
Goldman Sachs say it is going to half? I might as well invest and see if it doubles.