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Oil Back Above $65

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Oil: Prices jump after attack on US ships

20.08.05

LONDON - Oil climbed more than 3 per cent higher on Friday as rocket attacks in the Middle East and protests in Ecuador reminded the market how vulnerable supply lines are.

....

US crude settled up US$2.08 at US$65.35 a barrel. London Brent rose US$1.96 to US$64.36 a barrel.

Anyone want to buy a car?

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Oil: Prices jump after attack on US ships

20.08.05

LONDON - Oil climbed more than 3 per cent higher on Friday as rocket attacks in the Middle East and protests in Ecuador reminded the market how vulnerable supply lines are.

....

US crude settled up US$2.08 at US$65.35 a barrel. London Brent rose US$1.96 to US$64.36 a barrel.

That was lucky then, I rushed out and bought 100 barrels last week when it fell to $63, when it rises back to $67 I'm going to sell, any takers.

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The idea that oil prices are just at a temporary high is starting to look ridiculous.

We had all better get used to prices at least this high.

What if the global economy start tanking it, supply will outstrip demand and prices will fall. Or is the economy just going to keep rising and rising until we all have 5 TV's, 5 cars and 2 villas in Spain.

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What if the global economy start tanking it, supply will outstrip demand and prices will fall. Or is the economy just going to keep rising and rising until we all have 5 TV's, 5 cars and 2 villas in Spain.

I think the economy will fail way before that happens. But prices will still be high. That's why the economy will suffer. We will end up with a situation where the economy suffers for a long time until it adapts to the fact that oil is just more expensive, i.e. more difficult to extract in the quantities demanded today.

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I did a search for peak oil on msn just and the first site which comes up is the bnp. They've got a series of articles about it.

Can't find owt much on green party site

Lib dems have this

http://westmidslibdems.org.uk/news/187.html

They asked the govt and the govt said yeah but no but dunno. (August this year)

and on their main site they have some stuff from 2003.

2 pages found on the Labour party's site search but neither about peak oil.

the only reference on the conservatives site is Hague: The British economy in an uncertain world

26/04/2001

Quite interesting how there's so little. (In a very scary sort of way)

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The media have started to pick up on the issue this year:

The end of oil is closer than you think

http://www.guardian.co.uk/life/feature/sto...1464050,00.html

Analyst fears global oil crisis in three years

http://www.guardian.co.uk/oil/story/0,11319,1470330,00.html

The black stuff has world order over a barrel

http://www.guardian.co.uk/oil/story/0,11319,1515502,00.html

'Peak oil' enters mainstream debate

http://news.bbc.co.uk/1/hi/business/4077802.stm

End of the pipeline for oil?

http://www.msnbc.msn.com/id/7997882/

Nick Griffin made an appearance at the Edinburgh Peak Oil conference I attended back in April. It's interesting that the BNP are the most popular party (polling around 2% where they contest) talking about peak oil. It's also scary since if the collapse is particularly bad the public could lose faith in the current government and look around for an alternative. The BNP could in an instant pop up from nowhere with a peak oil agenda. Desperate people in desperate times could vote in desperate ways.

Remember in 1928 the Nazi Party won only 2.8% of the popular vote, in 1930 it won 18.3% and in July 1932 it gained a massive 37.3%. Books have been written on why this was but I think the depression was a significant factor. Peak oil could bring a similar depression to UK shores.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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