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 …

Posted in Daily View | Also tagged , , and | 1 Comment

CommentIsLinked@LDV: 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

Posted in LibLink | Also tagged and | Leave a comment
Advert

Recent Comments

  • Nigel Jones
    In North Staffordshire we have a proposed boundary between North and South which makes no community sense. It retains a dividing line in Newcastle-under-Lyme wh...
  • Andy Daer
    I expect a more believable theory would suggest that modern Israeli Jews are trying to expunge the memory of apparently docile European Jews being annihilated b...
  • Mick Taylor
    I think there is a real problem with NEETs. When I was young, and indeed when my children were, we were prepared to take any job that paid money whilst continui...
  • David Le Grice
    I missed out that I'm referring to her statement in parliament about the postponement of the 2025 county elections....
  • David Le Grice
    I'm not sure that the reappointment of Angela Rayner is necessarily cause for hope. It became clear during her statement and answers to MPs questions that she h...