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Mikhail Liebenstein

Contaminated crude - another shoe dropping

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Not fully up on the impact of this, but I’d suspect this will drive up fuel prices. Russian crude has recently being found to contain excessive chlorides which can damage refineries, as a result a lot of refineries are now running below capacity or in some cases have shut down.

https://finance.yahoo.com/news/russia-dirty-oil-crisis-worse-101632565.html

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9 minutes ago, Si1 said:

Events

Indeed, and one thing I recall is that when ever a financial crash happens, it gets blamed on events.

It’s important we ignore the underlying problem, as otherwise the banks wouldn’t be allowed to get back to their bad old practices.

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8 hours ago, Mikhail Liebenstein said:

Indeed, and one thing I recall is that when ever a financial crash happens, it gets blamed on events.

It’s important we ignore the underlying problem, as otherwise the banks wouldn’t be allowed to get back to their bad old practices.

In sandpile dynamics, they don't need a trigger to eventually seek a stable state. However in the real world instability builds up to a point where the system is extremely sensitive to a small trigger. It's much the same thing.

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  • 312 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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