Seb Kennedy
@sebkennedy.bsky.social
Founding editor of Energy Flux — the home of fiercely independent energy market analysis
Free newsletter: www.EnergyFlux.news
Free newsletter: www.EnergyFlux.news
We're on the same page. So, what's your take on the latest price whiplash? What explains these dramatic moves?
February 3, 2026 at 12:17 PM
We're on the same page. So, what's your take on the latest price whiplash? What explains these dramatic moves?
I know what you mean, it is not v. insightful, but is it really that egregious? It says 2022 price levels will be avoided (obvs), and simply remarks about low storage levels, without being alarmist. There are worse culprits
February 3, 2026 at 12:08 PM
I know what you mean, it is not v. insightful, but is it really that egregious? It says 2022 price levels will be avoided (obvs), and simply remarks about low storage levels, without being alarmist. There are worse culprits
That guy is a total POS. His creepy pod came up in a random search once, so I listened in for 2 mins. He suggested that revealing the ID of victims was the biggest trauma trigger, so why not just stop releasing files & 'avoid the problem entirely' or somesuch. Revolting psychopath
February 3, 2026 at 11:43 AM
That guy is a total POS. His creepy pod came up in a random search once, so I listened in for 2 mins. He suggested that revealing the ID of victims was the biggest trauma trigger, so why not just stop releasing files & 'avoid the problem entirely' or somesuch. Revolting psychopath
They certainly are bored of peace
January 24, 2026 at 7:39 PM
They certainly are bored of peace
America’s cold weather, combined with Trump’s Greenland threats and Europe’s low gas storage, presented such an opportunity.
The price surge has been driven by real-world events, but massively amplified by the sheer number of traders now trying to cash in.
The price surge has been driven by real-world events, but massively amplified by the sheer number of traders now trying to cash in.
January 24, 2026 at 7:36 PM
America’s cold weather, combined with Trump’s Greenland threats and Europe’s low gas storage, presented such an opportunity.
The price surge has been driven by real-world events, but massively amplified by the sheer number of traders now trying to cash in.
The price surge has been driven by real-world events, but massively amplified by the sheer number of traders now trying to cash in.
“There are now 465 investment funds holding positions in TTF futures – a record high,” says Seb Kennedy of independent analytics firm www.EnergyFlux.news
“And it’s just going up, and up, and up and up, all looking for any opportunity.”
“And it’s just going up, and up, and up and up, all looking for any opportunity.”
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January 24, 2026 at 7:36 PM
“There are now 465 investment funds holding positions in TTF futures – a record high,” says Seb Kennedy of independent analytics firm www.EnergyFlux.news
“And it’s just going up, and up, and up and up, all looking for any opportunity.”
“And it’s just going up, and up, and up and up, all looking for any opportunity.”
Diversification of pipeline gas & LNG suppliers (eg North & East Africa), revisit domestic undeveloped resources while (most importantly) doubling down on gas replacement tech for demand reduction, ie electrification, grids, efficiency etc.
January 23, 2026 at 9:59 AM
Diversification of pipeline gas & LNG suppliers (eg North & East Africa), revisit domestic undeveloped resources while (most importantly) doubling down on gas replacement tech for demand reduction, ie electrification, grids, efficiency etc.
Does Europe really want to return a supplier that has weaponised energy as an extension of war, and then revelled in the consequences inflicted on civilian populations?
January 23, 2026 at 9:02 AM
Does Europe really want to return a supplier that has weaponised energy as an extension of war, and then revelled in the consequences inflicted on civilian populations?
But Gazprom's schadenfreude strengthens the view that this would constitute a huge geopolitical concession rather than a neutral economic decision or pragmatic necessity.
January 23, 2026 at 9:02 AM
But Gazprom's schadenfreude strengthens the view that this would constitute a huge geopolitical concession rather than a neutral economic decision or pragmatic necessity.
A return of Russian gas supplies to Europe remains a distinct possibility in any future Ukraine 'peace' settlement.
There is a pragmatic view that this would be a necessary step towards normalisation of relations, esp. if sales revenue contributes to Ukraine reconstruction.
There is a pragmatic view that this would be a necessary step towards normalisation of relations, esp. if sales revenue contributes to Ukraine reconstruction.
January 23, 2026 at 9:02 AM
A return of Russian gas supplies to Europe remains a distinct possibility in any future Ukraine 'peace' settlement.
There is a pragmatic view that this would be a necessary step towards normalisation of relations, esp. if sales revenue contributes to Ukraine reconstruction.
There is a pragmatic view that this would be a necessary step towards normalisation of relations, esp. if sales revenue contributes to Ukraine reconstruction.
The aim is to break civilian morale & resistance. And it's been going on for months: www.energyflux.news/gas-attack-...
Gas attack: Inside Russia’s new strategy to break Ukraine
DEEP DIVE: Amidst the turmoil of ceasefire talks, Ukraine faces a grim supply picture for next winter – and an even harsher economic reality that poses existential risks to the government in Kyiv
www.energyflux.news
January 23, 2026 at 9:02 AM
The aim is to break civilian morale & resistance. And it's been going on for months: www.energyflux.news/gas-attack-...