2022 Merry Market Recap: Claus for concern
Many Happy Returns
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What's the Biggest Story of the Year?
Europe has signed off on a price cap when it comes to natural gas. The policy is if prices exceed 180 euros per megawatt hour for three days in a row, then prices across Europe will be capped at that level. And maybe there's going to be more competition with Asia because that's the other question. These kind of conflicts over commodities can sometimes spill out into real hostilities. That's one of the tail risks I'd be worried about.
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