Timeline for Why do some European governments still consider price capping despite the fact that price caps lead to shortages?
Current License: CC BY-SA 4.0
8 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jan 5, 2023 at 16:17 | vote | accept | Alexei | ||
| Jan 5, 2023 at 11:42 | comment | added | toolforger | @user253751 it is not known if any contracts were broken as these were never made public; we merely conclude that from the fact that Gazprom is making all sorts of implausible claims to justify not delivering. However, Russia is still selling gas to some EU countries, and they were making more money from that than from larger peace-time quantities - the "price cap" actually does not cap the price, but they forbid services for oil&gas sold at higher prices, e.g. making it harder or impossible to insure such oil transports. | |
| Jan 5, 2023 at 0:35 | comment | added | Criticizing Israel not allowed | @PeterGreen I thought Europe had contracts for a fixed price and probably also fixed quantity, which Russia broke. | |
| Jan 4, 2023 at 17:51 | comment | added | Peter Green | Pushing up the price of pipeline gas means more money for russia. | |
| Jan 4, 2023 at 17:49 | comment | added | Criticizing Israel not allowed | @PeterGreen I didn't think Europe was trying to punish the USA (where it is buying lots of overpriced gas from) for its wars in Yemen and Palestine? | |
| Jan 4, 2023 at 15:11 | comment | added | Peter Green | " every government overbidding their neighbor to fill up their gas reservoirs for the next winter is helping no one. " worse, it was helping the very country that Europe is currnently trying to punish for a certain "special military operation". | |
| Jan 3, 2023 at 20:41 | comment | added | reirab | +1 for populism. This is the primary reason that any politician considers price caps. Politicians support price caps because it makes it look like they're "doing something" to people who don't understand how economics work and it makes them more likely to be re-elected in the short term, even though it's usually bad for the population in the longer term. The goal of politicians is to stay in power. Not all means of doing so, even in a democracy, are actually helpful to the people, especially in the shorter term. | |
| Jan 3, 2023 at 18:02 | history | answered | Manziel | CC BY-SA 4.0 |