Oil heading towards $100 may mean the good news on inflation is over. With more bad news on interest rates to come.
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Oil heading towards $100 may mean the good news on inflation is over. With more bad news on interest rates to come.
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US inflation rose again last month: is the good news over? The Saudi-Russian alliance seems determined to get oil prices up to $100. That could mean €2+ for a litre or petrol and/or diesel.
Interest rates look to be in 'higher for longer mode'. There is nothing good that flows from $100 oil - other than an economic slowdown/recession that will cut fossil fuel consumption & help, a little, the environment.
Putin is building a new friendship circle, including fellow megalomaniacs from N. Korea and mad mullahs from Tehran.
The advice to the next government everywhere, including UK, US and Ireland, is the same: build more houses. In the UK and Ireland that's gonna need big reforms of the planning system.
Comedians - and serious journalists - are starting to tell jokes about Sunak's chances of winning the next general election.
Are Ross O'Carroll-Kelly's D4 brothers-in-arms helping to shutter a 112 year-old cricket club?
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Oil heading towards $100 may mean the good news on inflation is over. With more bad news on interest rates to come.
In the last 2 years the US has released 300 million barrels of oil from its Strategic Petroleum Reserves - it uses a total of about 18 million per day. They have about 350 million remaining in the SPR. The SPR cannot be allowed to go to zero. But how low can it go before they decide to stop releasing....or refill it? And what happens to the price if oil then?
One other comment on Ukraine, I've always like your forthrightness on standing with Ukraine Chris but as we now head towards a stalemate it must be time to make peace and save Ukraine and its people, the following is a must read, https://hitchensblog.mailonsunday.co.uk/2023/09/time-to-seek-peace-in-ukraine.html