I'm confused about the current "crisis" over the rise in the global price of natural gas. Most of the news items about it, when attempting to offer an explanation, show the rise in price only since 2019, and offer such mind-numbing logic as:- the price has gone up because it costs more, or more subtly:- it costs more because the price has gone up!
However, a glance at historic natural gas prices, for example:-
https://tradingeconomics.com/commodity/natural-gas
https://www.macrotrends.net/2478/natural-gas-prices-historical-chart
shows that in the period 2002 to 2014, the price was often above the present level. Yet this didn't feed into high domestic power bills, nor the present hand-wringing over "market forces" exhibited by the government.
Do any of you know what is really going on here? I smell, not gas, but a fish.
Do any of you know what is really going on here? I smell, not gas, but a fish.
The fishy smell comes from free market economic which has, it seems failed again.... so it goes.
Have a look at Europe pricing. All will be clear.
https://tradingeconomics.com/commodity/eu-natural-gas
@leek Ah, thank you. So it seems that the EU price for natural gas was kind of steady for the past 12 years until about March 2021 when it started climbing rapidly. Whilst the global price for natural gas has fluctuated much more.
