Nobody with long-term contracts pays the spot price, idiot
that’s the whole point of long-term contracts
more of your attempted Russian fear-mongering
The clown is you and poorly informed as evident by our multiple prior exchanges.
Uniper had a contract with Gazprom Germania, the latter nationalized.
Uniper is free to demand to get it for $370, as long as the German government is going to provide it:)
“Nobody with long-term contracts pays the spot price, idiot”
Didn’t the contract say something about “performing maintenance”. My understanding is that if one side breaks a contract, then it is null and void.
...so now Germany gets to pay SPOT PRICES (which are still close to $400/barrel equivalent).
Don’t get me wrong, I ABSOLUTELY LOVE you guys for screwing over Germany!
> that’s the whole point of long-term contracts <
Very true, but only if the supplier can actually fulfill the contract at the stated price.
As an example, suppose I sign a long-term contract with you to deliver large amounts of silver at $18 an ounce. Then silver spikes to $80 an ounce, and stays there. I cannot fulfill that contract. And if I try, I will go bankrupt.
So I’m not going to try. I will ignore the contract. All you can do then is sue me, and let it wind through the courts.
Violate the terms of that contract and you most certainly will...as Germany recently discovered.
idiot
Irony alert!