Tag Archives: oil prices

Daily View 2×2: 21 April 2020

It was a hectic day yesterday, given what I do as a day job, and today probably won’t be any easier. But there are plenty worse off than I am…

2 big stories

The more aging amongst us will remember oil shocks, as OPEC squeezed consumers by controlling the flow of oil, and thus the price. Today, the shock is that the price of US crude oil is negative. Yes, they’ll pay you to take it away because it’s cheaper to do that than to build new storage facilities that probably won’t be needed for long whilst consumption is so much lower …

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[email protected]: Vince Cable – Oil – the next shock waiting in the pipeline

Over at the Daily Mail, Lib Dem deputy leader Vince Cable examines how to cope with another surge in oil prices, during a time of recession and rising unemployment. Here’s his conclusion:

It is more obvious than ever that the future lies with fuel-efficient and low-carbon cars. Those who are able to switch now will save a lot of money. The Government should therefore be more intelligent when it comes to helping the car industry.

Labour’s scrappage scheme for old bangers is largely a waste of taxpayers’ money. It would be more useful to concentrate on swaps for the new generation of

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  • User AvatarDavid Raw 5th Jul - 10:29pm
    @ Richard Underhill "conveniently the politicians who made the decision to omit social care from the NHS are all dead, even Harold Wilson". I'm not...
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    Can Labour win an absolute Commons majority under FPTP? If not, then some kind of deal could be on the cards. It’s interesting that, just...
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    Katharine Pindar 5th Jul '20 - 7:16pm Yes, and conveniently the politicians who made the decision to omit social care from the NHS are all...
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    Picking up a few points that Anthony and Peter have made on cars The 6500 target is I think just for rapid chargers on motorways....
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    Having listened to the excellent interview with Sir Simon Stevens again, courtesy of BBC I player, he was linking the idea that Beveridge would want...
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