The first Weekend Reading every month can be read by anyone on the Monevator website. Subscribe for free to our email newsletter or become a member to ensure you see the rest. Oil prices continue to bounce about with every speech and social media post put out by the Iran war’s belligerents [writes The Frugalist, who has the reins this weekend]. But the overall trend for prices is upwards. And that means increasing financial pressure on energy-intensive businesses and the electricity grid more generally. Especially when you consider that the Strait of Hormuz normally carries a fifth of liquefied natural gas (LNG) exports. Think back to 2022 – LNG was cited as a key solution to the challenge of weaning off Russian gas imports. Oh dear! President Trump has praised the UAE’s decision this week to leave OPEC. But whatever happens with the oil cartel is unlikely to reverse the prices for gas and oil while conflict continues in Ukraine and Iran. Besides, we have known for a long time that…
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