To hear some analysts tell it, geopolitics and the weather are exogenous events when it comes to energy prices.
That is, somehow both natural gas and crude oil prices would operate quite “rationally” if it weren’t for either of them.
According to these guys, supply and demand is what drives the
market, and from time to time these “outside elements” only muddle
things up.
Well, I hate to break it to them, but there hasn’t been a “normal” market for some time now. (more)
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