Wednesday 13 August 2014

Keep Watching That Oil Price

In case you haven't been allowing the financial data to intrude on your holiday (& quite right too): it's fallen still further, to $103, a one-year low.

As that Russian 'aid convoy' edges towards the border, bear in mind little Volodya's plight.  Anything below $100 and - as we've said many times - he really is in Big Trouble.  (A good job he's more-or-less onside in Iraq: but then again, look at all that Kurdish oil ...)



Sebastian Weetabix said...

Funny how ever since Milliband announced there would be an "energy price freeze" the price of energy has been dropping. I'm suprised Cameron doesn't make more of the man's Midas touch.

hovis said...

Is that "aid convoy" used in a similar fashion to the way CIA chief John Brennan happened to just "visit" the Ukraine two weeks after the Maiden coup?

hovis said...

I mean Maidan rather than Maiden - otherwise it might suggest a coup by long haired middle aged heavy metal fans ... who in fairness may have made a better fist of things that the current Ukranian government.

Blue Eyes said...

Despite what the media tell us, retail energy prices have been falling too. I get my domestic power from the other side of La Manche and the nice people in Paree email me every time there is a cheaper deal on offer. Those emails come in thick and fast, and you can see which way the wind is blowing because all the firms are offering very long lock-ins. Why would they do that if they aren't betting on a big drop in wholesale costs?

Nick Drew said...

you are all hereby appointed to the CMA Investigation on domestic energy bills

your report must e published by, errr, 25 December 2015 (sic)

Bill Quango MP said...

That 'aid' convoy is reported to have crossed the border now.

Sarajevo moment ?