Energy prices rise again. So do energy company profits. A happy coincidence? Hardly.
It seems to be this is a testament of how the market mechanism fails in the same way as what happened to the financial sector in 2008. Finance and banking companies draw out profits to pay their CEOs bonuses and shareholders dividends. There was and probably still is price fixing, collusion as well as other criminal activities. Can anyone draw a parallel between finance and energy markets? Nationalisation was a solution to many banking crises around the world. Time for UK energy nationalisation?
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