The Era of Cheap Natural Gas Ends as Prices Surge by 1000%

Re:The Era of Cheap Natural Gas Ends as Prices Surge by 1000% by mpweiher on Saturday August 07, 2021 @11:46AM (#28099466)

Misleading title. Article clarifies (a little) that the surge is relative to record lows in May of 2020.

For comparison, the oil price actually went negative during that time period. Starting at the price of zero, any non-zero price reflects an infinite percentage increase. Not sure how to calculate from a negative base.

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Re:The Era of Cheap Natural Gas Ends as Prices Surge by 1000% by pricecomstock on Saturday August 07, 2021 @11:49AM (#28099488)

Yes, my first instinct from this title was "oh no, is my gas bill going up by 10x?"

It is not, at all

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Re:The Era of Cheap Natural Gas Ends as Prices Surge by 1000% by mrlonglong on Saturday August 07, 2021 @04:20PM (#28101490)

Yes it is in the UK. Energy bills going up by 10%, most of it going into shareholders pocket, which make me angry.

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Re:The Era of Cheap Natural Gas Ends as Prices Surge by 1000% by brandmeyer on Saturday August 07, 2021 @12:34PM (#28099854)

Indeed. They actually do post a higher-resolution plot of prices over the last few years. The headline is focusing on a single very brief spike in prices that almost immediately reverted to the mean. A more accurate title would have been "Natural gas prices in Europe an Asia return to 2018 levels".

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Re:The Era of Cheap Natural Gas Ends as Prices Surge by 1000% by marto1 on Saturday August 07, 2021 @11:52AM (#28099517)

I think at this point I've conditioned myself to mentally refute news headlines exactly because of slyness like this.

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Re:The Era of Cheap Natural Gas Ends as Prices Surge by 1000% by cratermoon on Saturday August 07, 2021 @12:20PM (#28099739)

It's only deceptive if you think 'era' refers to anything but the last year.

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