Yes: even if everything had been absolutely perfect and the budget had been unlimited, Crossrail would still have taken 10-12 years. I think I'd say Crossrail was a qualified success. (And has a… (View Post)

Just to add another thing: Even if there was no LNG, natural gas prices would still have a degree of correlation, because (a) electricity generation (which will be correlated via both interconnectors… (View Post)

He's partly right. Oil prices are completely connected because it's really easy to ship around the world, and there are thousands of oil tankers. Essentially any price "bump" will… (View Post)

My latest Substack: The Fundamental Interconnectedness of Energy Prices Again, feel free to like, etc. :smile: (View Post)

And the biggest interconnector, lest we forget, is the 1.4GW North Sea Link which went live in 2021 and exports energy to the UK. The reality is that energy prices are extremely correlated everywhere… (View Post)