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Nat gas goes parabolic, again

Whoosh. There’s been a further surge in UK gas prices, as this Bloomberg chart shows: No-one is expecting much relief in the short term, with the cost to suppliers of buying for delivery in three months from now spiking too. Here’s the chart showing what traders expect to happen further into the winter months: While the surge might be more dramatic in the UK, it’s not confined to it. Via Andreas Steno Larsen: Further afield, we’ve seen power shortages in China and India reportedly has just four days’-worth coal supplies left. It looks set to be a long, cold, lonely winter. Unless you’re long smog.

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Whoosh. There’s been a further surge in UK gas prices, as this Bloomberg chart shows:...

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