October 03, 2006

I don't understand…

The wholesale price of gas has fallen so far that some traders are
actually paying to have it taken away. In some cases the spot price –
for delivery today – has hit -5p. A combination of mild weather and
a surge of gas through the new Langeled pipeline from Norway has
produced a glut.

Source: BBC

How stupid is this??? Apparently gas delivered in January is still trading at 70p per ‘therm’, or in other words, is expensive.

Sadly last night’s curry is now utterly worthless and I’ll have to pay someone to take it away.

- One comment Not publicly viewable

  1. Nick

    It’s fairly simple supply and demand! If there’s nowhere to store it there’s not much else they can do is there? It’s not like they can leave it lying around for a day or two!!

    03 Oct 2006, 18:46

Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

Twitter Go to 'Twitter / chrisdoidge'

Tetbury Online

Most recent comments

  • To quote from PM Cameron's speech at Munich Security Conference on the failure of State Multicultura… by on this entry
  • Not sure whether their installation can do that (though I assume it will), but I personally have a D… by Pierre on this entry
  • Yup. The figure at the end I guess isn't so much a sign of falling standards, as failing policy. by on this entry
  • Didn't the compulsory GCSE in a language get ditched a few years back? by on this entry
  • Yeah, that was a Brown–like kiss of death. by on this entry

Search this blog

Blog archive



October 2006

Mo Tu We Th Fr Sa Su
Sep |  Today  | Nov
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31               
Not signed in
Sign in

Powered by BlogBuilder