tag:blogger.com,1999:blog-32841798.post225760471524007914..comments2024-03-28T09:55:42.123+00:00Comments on Capitalists@Work: Capitalism NeuteredCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-32841798.post-38766164999313103112012-08-01T19:25:14.320+01:002012-08-01T19:25:14.320+01:00Thanks ND. Had to check, need to stop watching th...Thanks ND. Had to check, need to stop watching the conspiracy loons on youtube!<br /><br />Some of them are a bit green at the OFT, fresh out of politics degrees etc.Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-25507667619711844862012-08-01T14:05:36.164+01:002012-08-01T14:05:36.164+01:00Steven, I've now read the stuff you linked to:...<b>Steven</b>, I've now read the stuff you linked to: and I don't see it quite as dramatically as you<br /><br />"<i>ensuring prices quoted at order remain fixed until delivery</i>"<br /><br />most commodity markets are such that customers can opt for floating price or fixed - this seems simply to force the supplier to offer fixed where previously they didn't, which doesn't seem very extreme<br /><br />if it forces more suppliers into the market for hedges, supply of hedges is likely to rise, that's the usual way of things<br /><br />even if not, last time I was involved the wholesale price of domestic kero was ultra-highly correlated with that of jet fuel, for which there <b><i>is</i></b> a liquid market: so using jet futures as a hedge for dom kero should be a pretty good 'dirty hedge' with minimal basis-risk<br /><br /><b>Jan</b> - there is usually a pretty annoying lag, I'll grant you: but, watch or developments<br /><br />last time around (GlobalRecession1, 2009) there was a distinct wholesale-market price fall and it did work its way throughNick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-54308204782811092722012-08-01T13:00:38.565+01:002012-08-01T13:00:38.565+01:00Nick, I remain to be convinced as prices for domes...Nick, I remain to be convinced as prices for domestic energy never seem to come down. In theory if there's a plentiful supply we should see a price reduction.....we shall see...Jannoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-57393944635048181982012-08-01T09:09:22.724+01:002012-08-01T09:09:22.724+01:00@Budgie, this LIBOR imbroglio looks to have kicked...@Budgie, this LIBOR imbroglio looks to have kicked Augustus O'Donnell, he of Iraq war fame 'nothing to do with me, I only work here' into first refusal for the gig of Guv'nor of the Bank of England - whey hey hey, what could possibly go wrong?<br /><br /> Or, probably, the greater question would be what could possibly go right? A man so complicit in our current omnishambles that he had both the authority and seniority to clean his fingerprints off everything. Craig Murray's been on the lad's case for a good few years and paints a fairly daming picture of a vain glorious pathetic greaser. Can write off the next 4 years to covering arses rather than tax payer value for money. Now where did I put my bunting....Dick the Prickhttps://www.blogger.com/profile/02683095612320513712noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-86587097160301714992012-07-31T22:20:42.654+01:002012-07-31T22:20:42.654+01:00"The civil service, always a sucker for a bit..."The civil service, always a sucker for a bit of special pleading ..."<br /><br />Very much so. That the civil service can snatch defeat from the jaws of victory so consistently, as for example it has done in negotiations with the EU, is a wonder to behold. It is an inbred culture of defeatism and incompetence that will help destroy this country.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-32891209469570033272012-07-31T22:06:24.036+01:002012-07-31T22:06:24.036+01:00Steven I have just had a good dinner ... & wil...Steven I have just had a good dinner ... & will consider this in the morningNick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-68444044632061228982012-07-31T20:16:23.489+01:002012-07-31T20:16:23.489+01:00I've got one for you ND, albeit on a much smal...I've got one for you ND, albeit on a much smaller scale. The OFT have published a 'market study' non mains fuel and are boasting that 'the biggest' supplier of kerosene to homes has agreed not to change the price the consumer pays between accepting the order and delivery. Press release here:<br /><br />http://www.oft.gov.uk/news-and-updates/press/2012/64-12<br /><br />This means that trading standards will now go around telling SME traders it is illegal for them not to sell kerosene to consumers on a forward contract. The market study also points out EU environmental law has changed the specification for domestic kerosene (less sulphur) so that it is now illegal to delivery jet kerosene to consumers to use in their homes. This means there is no liquid financial/futures market for domestic kerosene.<br /><br />So, do you reckon, is this likely to:<br /><br />a) shaft small businesses that sell kerosene to consumers, who can't take the risk of selling kerosene they haven't already purchased?<br /><br />b) help cause domestic fuel shortages in cold winters?<br /><br />If so, is this what the new CMA is going to be all about?Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-12113071478792803302012-07-31T17:21:05.333+01:002012-07-31T17:21:05.333+01:00culling of the runts, eh, BB ? say that carefully...<i>culling of the runts</i>, eh, <b>BB</b> ? say that carefully after a few jars<br /><br /><b>dearieme</b> - they don't even know they need to ask, it's that bad<br /><br /><b>Jan</b> - actually, yes, because (a) there's lots of gas and (b) GlobalRecession2<br /><br /><b>Mr R</b> - a most interesting event (& even more than interesting if you are one of the unlucky 400 million), we shall take a look <br /><br />(PS a couple more 'wind' responses on the earlier thread)Nick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-41599660951199368842012-07-31T14:57:36.705+01:002012-07-31T14:57:36.705+01:00India could easily be tipped into civil war with t...India could easily be tipped into civil war with the Islamic insurgency from Pakistan.<br /><br />Having 50% of the country without power creates the conditions for revolutionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-6866964879476399962012-07-31T14:21:20.779+01:002012-07-31T14:21:20.779+01:00A touch reminiscent of politics in India, where to...A touch reminiscent of politics in India, where today they have near a tenth of the world's population without leccy today? According to the WSJ journal since 2006, China has added roughly six times more power than India to its national grid each year. India has immense potential, but is blowing it seemingly due to the political system mainly. Read somewhere that over half of Chinese senior politicians/communists have an engineering/science background. How many of ours? Makes you wonder.rwendlandhttps://www.blogger.com/profile/07861901317813829419noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-61636518278347299972012-07-31T12:40:33.116+01:002012-07-31T12:40:33.116+01:00Ah but will our gas bills come down?Ah but will our gas bills come down?Jannoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-81799383895465989282012-07-31T11:33:33.917+01:002012-07-31T11:33:33.917+01:00Don't the silly buggers know anyone they can a...Don't the silly buggers know anyone they can ask?deariemenoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-75437369373955195922012-07-31T11:31:05.473+01:002012-07-31T11:31:05.473+01:00Well, just make sure your pension fund is suitably...Well, just make sure your pension fund is suitably invested in Centrica and it will all come out in the wash as they say.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-24115249090342052382012-07-31T11:30:29.350+01:002012-07-31T11:30:29.350+01:00It just goes to show how weak our political elite ...It just goes to show how weak our political elite have become.<br /><br />Where none of them have ever really got their hands dirty. Nor been "Captains of Industry".<br /><br />I suppose it's a result of the inter-breeding that goes on nowadays. From councillor, to SPAD, to canon fodder MP and eventually Yes Minister.<br /><br />About time we did a bit of culling of the runts/piggies.Barnacle Billhttps://www.blogger.com/profile/17257546424880537005noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-83059916961448147562012-07-31T10:54:57.833+01:002012-07-31T10:54:57.833+01:00Brilliant, withering commentary MD.Brilliant, withering commentary MD.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.com