Quote (Djunior @ 26 May 2023 19:03)
Corona pandemic hit early 2020, Russia invaded Ukraine in Feb 2022 after which priced spiked especially energy prices after NS sabotage.
Wrong. Energy prices were already surging since mid-2021, presumably due to two factors: the post-covid recovery and the start of Russian throttling of energy exports.
As an example, look at the TTF Futures, which is the leading index for gas prices in Europe:
Link:
https://www.theice.com/products/27996665/Dutch-TTF-Gas-Futures/data?marketId=5564180&span=3As you can see, gas prices had already doubled from a level of €15 in June 2021 to €30 in early December 2021, and then tripled to €45 by late January.