It’s a guaranteed profit on a very large amount, which isn’t anything to sneeze at, but if you read my comment note that I specifically referred to the financialization. The way the market is structured means that suppliers see very large upsides during high demand. Going back to that 2021 crisis:
> The biggest winners were companies with access to supplies, including leading energy trader Vitol, gas suppliers Kinder Morgan (KMI.N), Enterprise Products Partners (EPD.N) and Energy Transfer (ET.N), oil giant BP plc (BP.L), and banks Goldman Sachs (GS.N), Bank of America (BofA) (BAC.N) and Macquarie Group (MQG.AX).
> The biggest winners were companies with access to supplies, including leading energy trader Vitol, gas suppliers Kinder Morgan (KMI.N), Enterprise Products Partners (EPD.N) and Energy Transfer (ET.N), oil giant BP plc (BP.L), and banks Goldman Sachs (GS.N), Bank of America (BofA) (BAC.N) and Macquarie Group (MQG.AX).
https://www.reuters.com/business/energy/results-tally-up-bil...
My argument is that splitting the market up like that has been better to traders than Texas consumers.