Best Posts in Thread: I shall return....or maybe not!

Those are crazy prices for energy. Gas being the cheapest might justify building a natural gas pipeline from the Middle East to Europe. Some speculated the war in Syria was really about getting Qatar gas to Europe and reducing dependence on Russia.
Lately there has been a push for renewable resources but there has also been mummering's that nuclear energy is cheap and reliable. Some claim that green energy is too expensive others claim nuclear is too dangerous. Whatever is driving the price increase doesn't matter but something is going to have to change.
The stock market is not something I understand but it seems like investing in the Military Industries might be a hot tip. Has there been a reasons given for a sharp rise in prices other than OPEC and greed?

Somehow I'm thinking this post should be in the thread about being cynical.

Edit.
The natural gas reserves in Saudi Arabia are huge. I commissioned some compressors motors at a gas oil separation plant in KSA. There were 12 motors at 20,500 Hp each pumping natural gas back into the ground to keep pressure on the oil wells. That's 1/4 million Hp pumping natural gas 24 hours a day 7 days a week for more than 20 years. This is at only one site. The Middle East has a lot of gas to sell.

 

As long as increases in the money supply (beyond and above economic growth rates) feed only into asset prices, you won't see much inflation elsewhere.
However, when asset prices start to resist going higher still, or even go down (i.e. demand for assets is falling because of diminished trust in financial trees growing all the way to the moon) then additional increases in the money supply will inevitably start to feed into inflation of every day goods and services.
There's no "big plan" behind it at all, it is merely a result of central banks foolishly trying to avoid a recession/depression for too long, even when it is long overdue already, a situation that's being exacerbated by the effect of the pandemic.
Economic cycles are not dead, no matter what central banks try.

You can see an example of what such foolish policies achieve in Turkey. The central bank (under direct orders from Erdogan, the president, who believes high interest rates are a sin) persisted in monetary expansion (cheap money) policies at a time when the economy in Turkey is contracting already, resulting in double digit inflation, people seeing their savings evaporate, protests in the streets, and the Turkish Lira loosing much of its value (40% in 2021).