The supply of money in an energy-scarce world

“Money has no value unless it can be exchanged for goods and services.¬†These cannot be supplied without the use of some form of energy.” “Consequently, if less energy is available in future, the existing stock of money can either lose its value gradually (through inflation). Or if inflation is resisted, [the existing stock of money] […]

Oil and gas prices no longer connected

The Financial Times recently ran a piece by one of its Alphaville reporters, showing a chart produced by Reuters, and used by Reuters, energy market consultant Nick Campbell¬†at Inenco: The interesting point about the chart was that UK gas prices were no longer linked to oil prices. Historically, UK gas prices have apparently been linked […]