I'm going to exploit the market drop to load up on commodity futures. then cross my fingers that we don't do another full lockdown and I get to take profits this year.
Energy prices have been skyrocketing since last fall. The Ukraine conflict doesn't help but it's primarily because of all the green energy bullshit.
Electricty for consumers is up 40-50%. For businesses it's more like 70% AFAIK. Car gas is up 30-40% (and that's with a temporary tax break). Natural gas I'm not sure because it's so volatile. Current market rate is up 95% compared to a year ago but it was up to 200% higher a month ago but they're not yet passing all of that on because they have to honor existing contracts.
I'm going to exploit the market drop to load up on commodity futures. then cross my fingers that we don't do another full lockdown and I get to take profits this year.
At least here in Germany I doubt we'll get another lockdown. The economy is already crashing and they cannot afford further lockdowns.
Retail associations already said they won't go along with the same measures as last year because they can simply no longer afford to do so.
Energy prices have been skyrocketing since last fall. The Ukraine conflict doesn't help but it's primarily because of all the green energy bullshit.
Electricty for consumers is up 40-50%. For businesses it's more like 70% AFAIK. Car gas is up 30-40% (and that's with a temporary tax break). Natural gas I'm not sure because it's so volatile. Current market rate is up 95% compared to a year ago but it was up to 200% higher a month ago but they're not yet passing all of that on because they have to honor existing contracts.