GhostOpera406 t1_iumgjfb wrote
Reply to comment by SynbiosVyse in Eversource CEO asks Biden to take emergency action on New England natural gas supply by OmarLittleFinger
Shareholders have found out you don't have to take the risk of the boom/bust cycle. Just price it higher. Gas in an inelastic good. That's a major reason why companies don't even bother drilling anymore, even if the government made it easier.
buried_lede t1_ix1tzox wrote
That's exactly right. So few people are aware of that. They refer to it as "discipline" and it is assisted by sophisticated pricing models
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