Sounds like a great reason to re-nationalize the public utility companies.

Seethe harder, oil execs. You bet it all on black and it landed on green.

Because as we all know, Natrual Gas has an extremely steady and nonvolatile price, especially now that we’ve spent hundreds of billions tying North America’s previously independent pricing to the gobal price.

Or we could, and this is a very crazy idea, go back to not attaching a tradable minute to minute commodities market and instead give control back to reliable contracts and the operators who actually manage the grid.

In case people were wondering where Yellen gets her ideas from

Well, yah. But storage and diverse means of production obliviate that concern, no?

It’s funny how market economy only works, if the people in power happen to profit from it, otherwise it requires regulation that puts more money into these people’s pockets.

This “problem” is as old as the economy. Grain comes in during harvest season and all at once, demand is relatively steady over the year. So people invented silos and merchants gained profits from arbitrage by buying during harvest and selling over the next months. This is not a new problem at all.