European Tribune - Comments - European gas buyers unwilling to pay for security of supply

European gas buyers unwilling to pay for security of supply | 39 comments (39 topical, 0 editorial, 0 hidden)

Re: Try something a bit more radical (none / 1)

It is precisely the risk from predatory intermediaries that keep me out of such markets. I have full confidence that those markets will be manipulated to the benefit of the intermediaries and the detriment of the investors.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Oct 27th, 2009 at 05:21:04 PM EST
[ Parent ]

Re: Try something a bit more radical (none / 0)

The energy markets - particularly the physical/OTC market aptly named the Brent Complex - are now IMHO little less than systemic pillage.

Galbraith's 'Bezzle' comes to mind -an economic loss where the losers do not know that they are losing....well actually, they do, but they can't work out quite how....

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Tue Oct 27th, 2009 at 05:39:42 PM EST
[ Parent ]

European gas buyers unwilling to pay for security of supply | 39 comments (39 topical, 0 editorial, 0 hidden)

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