Green agenda in European Union and speculators

[Tomasz + 1,608]

Well officaly its not connected.

But do you know a smart guy called Pierre Andurrand? One of very best oil traders in lat 15 years. He made bet on Co2 emission price over 100 in near term. He is really good at this. 

From other hand in Poland we have record high NG spot price and record high electricity price (from coal thanks to Co2 price emissions).

Its beginning of December. Winter is forecasted to be harsh one with rampant COVID.

Looks rather bleak for the future in middle income country.

https://tge.pl/?fbclid=IwAR0WKKToamdMQlpyVPpYC569kdNAykaFRzuITAE0J1qFFIk9NP3U66pqkHA - today electricity for bussines went from 621 zlotys per Mwh to 887.

Yup in one day something like soaring above 40 % in middle income not Third Word Country addicted to thermal coal (88 % of coal reserves in Europe except Russia and Ukraine)

(1$ about 4 zlotys).

Looks expensive with NG spot price over 30 $ per mbbtu for bussiness.

 

Edited December 4, 2021 by Tomasz

[Andrei Moutchkine + 828]