Wow. Oil fell off a cliff this morning, touching $83.5 at around 09:00.
And the pips are starting to squeak. "Saudi billionaire Prince Alwaleed bin Talal said the world’s top oil exporter should start worrying", calling the situation "catastrophic".
As well he might. They won't exactly be looking forward to bringing the news into Putin's office, either.
But I smiled this morning, to read the following from Dr Doug Parr, chief scientist at Greenpeace UK (sic): “the biggest problem for gas in the UK right now isn’t the changing energy mix, it’s dirt-cheap coal”. Doug doesn't seem to be a fan of cheaper electricity. Oh, how everyone loves high prices.
Me? I'm a consumer.