The Gas That's Already Here That gas in the ground? Paid for. Pumped. Stored. Ready. Its cost was: · Exploration (years ago) · Drilling (months ago) · Extraction (weeks ago) · Refining (days ago) · Transport (ongoing) Yesterday's energy. Today's price. Tomorrow's fear. The Real Question If the gas is already produced, why does the price change? Because the price isn't about the gas. It's about: · What people think next week's gas will cost · What traders bet next month's supply will be · What algorithms calculate based on news sentiment · What the carnival sells as "reality" The Punchline The narrative sticks because most people don't ask: "If the gas is already here, why is it more expensive today than yesterday?" The answer is always the same: "Because we said so." And they believe it. Every time.