Zinspoker - Long term or short term?

  • Erstellt am 2022-08-26 09:20:06

altbaucharme

2022-08-28 20:13:51
  • #1

I am truly no expert when it comes to the energy industry, but I have a good friend who is an industrial engineer at a large energy company and whose expertise I trust. His take on it is that the high energy prices at the moment are largely artificially explained by hoarding by governments, for example by filling gas storage facilities by the federal government, as these were at a historic low due to the extremely low corona-related demand (I recall the fuel prices during corona).
Just two hours ago, a report came in via DW that Germany announced it had already completely filled its gas storage before winter. The laws of supply and demand say that prices have to fall again by the beginning of the year at the latest. Because wherever extremely high profits are made, these are short-term – as I said, what goes up must go down.
 

altbaucharme

2022-08-28 20:16:28
  • #2
Unfortunately, that is completely out of the question here, because the parquet floor there consists of hardwoods for which you would probably have to pay the equivalent of the house today... It is clear to everyone that we are in an energy price bubble. The profits are enormous because supply and demand are completely asymmetric. A 15-20 percent downside is still conservative—just from government price caps without market mechanisms kicking in, because the alternative is the total collapse of German industry. Households only matter in talk show panels.
 

WilderSueden

2022-08-28 21:13:47
  • #3
Yesterday I drove past the gas station, and diesel was priced at €2.10 per liter. Plus 16c "fuel discount" makes it €2.26. A 15-20% reduction would still be €1.80 and up. Heating oil is currently at €1.72/l according to an internet portal, 20% off is €1.38. That is still about twice the previous historical highs. You can afford that, but the payback periods at these prices are not incredibly bad. Sooner or later you will probably be required to do energy-efficient renovations anyway, I would factor that in. If you calculate with the price point, I see that as a rather weak argument against a renovation. Since the fuel discount probably mainly filled the pockets of the oil multinationals, I currently see no majority for further price caps. And yes, those producing energy raw materials are currently making a killing. But that is not necessarily reprehensible.
 

kbt09

2022-08-28 21:15:52
  • #4
Then one should seek further advice. There are also wall heaters or the option of converting to suitable radiators.
 

driver55

2022-08-28 21:23:50
  • #5
The problem is, you can't always just drive past; sometimes you have to stop. :) I had already wondered about the (suddenly) high prices. Outrageous. Especially since E10 is currently 30-40 cents cheaper. From 01.09., that's going to cause a collapse. About the house. (I repeat myself). Without proper renovation, it's a money pit. Energy won't get any cheaper... why should it?!
 

SumsumBiene

2022-08-28 21:44:46
  • #6
We will indeed be subsidizing the (possible) lower gas prices for industry through the more expensive household gas. I rather suspect that the price will settle in the medium term between 15 and 20 cents. LNG is not available at a bargain price either. In my opinion, the times of under 10 cents will not come back. Even if there were peace again tomorrow...
 

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