All 1 entries tagged Markets
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October 03, 2006
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.
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.