Monday 9 January 2012

38 Degrees & Gas Prices

I've just received a request from 38 Degrees to sign a petition about gas prices.

38 Degrees have done some good stuff in the past but this petition is just so simplistic as to be laughable. Whoever put the petition together clearly does not understand the dynamics of the gas market - particularly the nature of forward contracts and hedging. Consequently they do not warn anyone that if supply companies were to follow the wholesale market, as they appear to want, then gas prices would be uncomfortably volatile for many consumers.

This is one petition I shall not be signing.

No comments:

Post a Comment