Friday, Mar 02, 2007
BBC News
BBC News: Brent Crude Oil$/Barrel
Price $62.52
It's back again!!
Posted by andy @ 09:28 AM (197 views) Add Comment
6 Comments
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1. paul said...
David Smith, world renowned economics buffoon, Times Online Economics commentator and pathological bigot will dismiss it as a temporary spike.
2. C'mon Correction said...
Interesting to see that Sterling has been on a bit of a tumble recently too. This will make inflation pick up markedly come mid-summer.
3. Northern Lad said...
more like a temporary dip...which was influenced by the glubberment!
4. talking rot said...
I like David Smith. His comments on economics do make me laugh and laugh and laugh.
Let me think, how will the bulls see this?
Bulls -> Inflation will fall as energy costs are coming down.
Bears -> But oil is still rising.
Bulls -> Inflation will not rise as oil rises because as the price increases, people will not buy so much of it.
Bears -> What?
5. harold said...
Watch petrol prices creep up and British Gas quietly cancel their much-trumpeted price decreases (came with a bang, went with a whimper). But, of course, this won't have any effect on inflation.
6. C'mon Correction said...
Harold - it would have an effect on inflation in a country with an honest government !