65. Our Predictions for 2022 - jan22
Redefining Energy
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Energy Prices in Europe Are Going to Stay at High Levels
At the end of two thousand 21 we saw wholesale power prices in places far afield from as, for example, finland. My second prediction is that energy prices in europe stay at high levels over the next twelvemonths. And i think this is going to have huge ramifications. So i can see heating bills doubling across europe. But at the same time, you see that the price differential between galsine in the netherlands, which is currently at 27 28 dollars per mito, and the price of gas in america is less than four dollars per mit - this is the biggest arbitrage ever.
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