Who's to blame for high commodity – energy, food, metals, prices – it's the producers, stupid, not the banks and speculators

Happy New Year everyone. This article of mine re markets might be of interest (also below). http://seekingalpha.com/article/245574-who-s-to-blame-for-high-commodity-prices-it-s-the-producers-stupid v=1294568746&source=tracking_notify In my view commodity markets have two price boundary ‘trend-lines’: a ‘sellers’ market’ upper boundary, where consumer demand destruction sets in, and a ‘buyers’ market’ lower boundary, where ‘production destruction’ sets in. The current situation, where finance […]

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Wind Energy Reduces Electricity Prices,Says Independent Study"….NOT

Extract from Claverton Energy Group Archives, by Paul Frederik Bach, ex director Danish Western National Grid. On 12 May 2010 21:13, Paul-Frederik Bach <pfbach@profibermail.dk> wrote: Dear all, The debate on the economy of wind power seems to be never ending. Observations of wind power output and spot prices indicate that wind power creates low prices […]

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OFGEM report on problematic future energy supplies – admission of market failure in electricty supplies

The report is at: http://www.ofgem.gov.uk/Markets/WhlMkts/Discovery/Documents1/Project_Discove ry_FebConDoc_FINAL.pdf News articles at: http://news.bbc.co.uk/1/hi/business/8494899.stm http://www.telegraph.co.uk/finance/personalfinance/consumertips/household- bills/7144386/British-households-risk-unaffordable-energy-bills-Ofgem- warns.html http://uk.finance.yahoo.com/news/sse-says-customers-using-less-gas-electricity-reuters_molt-20a544628846.html A little interpretation: Quote: “There is a need for unprecedented levels of investment to be sustained over many years in difficult financial conditions and against a background of increased risk and uncertainty.” To translate, “the fat cats and their shareholders have […]

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Prof Dave Elliot and Renew – Claverton Energy Group's "House Magazine"

Renew, the long-running 34 page bimonthly newsletter on renewable energy developments and policy, is now being offered to subscribers in PDF form.  It’s an invaluable and unique source of news and analysis produced by Prof  Dave Elliott of the Open University. Now in its 30th year, it covers news and issues from the UK, EU […]

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A reader writes – the history of energy resources and the economy

Dear Hugh Thanks for this. My own view is that relatively low oil prices, which set the bench mark for all other primary energy sources, was the reason why the world economy was able to expand so fast. Energy prices work their way through to all other prices including salaries. and these then work back […]

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