SandRidge Energy Inc (SD)

[jtomm]

"Market" Prices

With any market, including natgas in Europe, it's always tough to know how much of the current market price is legitimate vs speculation, how much is narrative, how much is fear (usually being pushed by people trying to front-run the market), how much is manipulation in a centralized market that is usually run by one or two big players (remember Enron manipulating prices in Calif), who has conflicts of interest, etc.

Forward prices of German electricity just halved in 2 days:

German 1y ahead Power Price has almost halved within 2 days from €1,050 per MWh to €545 today. This raises the question of who is operating in the electricity market. Is it pure speculation? Are these meaningful prices that reflect real scarcities? pic.twitter.com/1OyzB6uVZR

— Holger Zschaepitz (@Schuldensuehner) August 31, 2022