Tag: Natural gas
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Another gentle reminder
The price of natural gas has fallen by more than 25% ever since Miriam Dalli gave an interview with Lovin Malta and said that prices will go up again. Miriam Dalli was replying to a question on the government’s gas purchases by which the government made a bet on continued and long-term expensive gas prices.…
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The West has crushed the gas war
By now, I would assume that the West has not only won the gas war but has actually crushed it. I’m even surprised. It’s incredible how Russia tried to pull off an energy crisis similar to the 1970s but had its attempts crushed in less than a year. Now Russia will have to face a…
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A gentle reminder
This is a gentle reminder to Gazprom and anyone like Miriam Dalli who believed the Russian propaganda that Europe will freeze without Russian gas and that gas prices will remain elevated forever. Credit to Bitfinexed for the picture. PS: It’s not funny for Malta and the taxpayer who is losing money on Miriam Dalli’s reckless…
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Update on Miriam Dalli’s gas trade
Readers of this website may remember Miriam Dalli’s gas trade last April when Russia was propagating the idea that Europe will freeze without Russian gas. Miriam Dalli bought the propaganda and bought Malta’s future gas supplies with this fear in mind. In order to avoid being exposed to the volatility in the gas price, Miriam…
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Russia has officially lost the gas war
The European natural gas price has gone below the Russian invasion levels while oil prices are still higher. Unsurprising warm weather in Germany has also helped reduce consumption but the most important thing is that Germany is refilling its gas storage constantly. This is an indicator that Germany may have enough constant gas inflow to…
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What’s up with the price of gas?
Last week was one of the first weeks since gas had a steady and strong bounce, most of it made on Friday night as markets rallied along with commodities which rallied a bit further than stock markets. Last week, I wrote that I still kept my bearish thesis on natural gas. During the week I…
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Will the West break the gas price?
Traditionally, either October or November used to be the month of the year when the price of gas would start going up again after Summer and Autumn as Winter approaches, the weather becomes colder, and demand for gas increases. For this year, the price of gas, both in the US and Europe closed lower in…
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A taste of things to come in Russia
My theory that Russia will turn into another Venezuelan economic failure is based on the outcome of the energy war which I am convinced the West will win. Similarly to Venezuela, the national jewels of Russia are its national energy-producing companies such as Gazprom. When the going got tough in Venezuela, corrupt government officials raided…