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Silverback's avatar

I trade European gas for a large energy player. As you probably know gas prices have roofed. Fortunately, so far, the winter has been relatively warm and Chinese demand for LNG has been weak, so more ships are arriving here. But if it gets cold or Asian demand picks up again, then there is a real chance that we run out of gas, I.e. storages empty. In addition when prices spike, companies which have sold their gas in the futures market to hedge get insane margin calls which cause cash liquidity problems, while retailers who haven’t bought enough go bankrupt because end users are on a price cap… it could get horribly ugly and the under supply is structural

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Gerhard Gotthardt's avatar

Dear Bill, I applaud you to draw attention to the "real" things in live, in our existence. It's all about "making" money — but what about creating real value, contents? I am highly alarmed about the explosive development of imagined worlds which have nothing to do with hard and direct reality, where you face very physical hunger, pain, disability etc. Are we driving — or being driven — to the opium dens of a by-gone era where drug induced dreams gave their victims some temporary reprieve from their sad existence? Just imagine — God beware — our young solders facing a heavy combat situation where no metaverse can help, as desperately as they would try?

Folks, wake up and get real!— Garyhard

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