Tag Archives: oil prices

Daily View 2×2: 21 April 2020

By Mark Valladares | Tue 21st April 2020 - 7:30 am

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 coronavirus, economics, floella benjamin and liberal democrat campaigns | 1 Comment

CommentIsLinked@LDV: Vince Cable – Oil – the next shock waiting in the pipeline

By The Voice | Mon 8th June 2009 - 12:58 pm

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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Posted in LibLink | Also tagged energy and vince cable | Leave a comment