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A Sense Of Treading Water

There is a strange sense at the moment, a lot of the major outcomes from the financial crisis have yet to really be put in motion and we are still getting stock markets movements up 5% one day, down 5% the next.
The latest crisis sees Nancy Pelosordi calling for a financial bailout of US car [...]

Oil Production Reduction And Price Fall Is Healthy

OPEC announced a cut in oil production by 1.5 million barrels per day in the hope that a reduced supply would offset the reduction in the price of oil and artificially inflate it again.
The reduction in demand for oil is a much needed reality check. Even SUV drivers in the USA have had to accept [...]

Airlines And Oil Companies - By Not Passing On Price Cuts You Look Like Thieves

Admittedly it is a drum I keep on banging but this is important.
In a perfect world, companies that annoy the public will be shunned and go down eventually but this does not happen.
Airlines like British Airways, Virgin, Swiss are not reducing their fuel surcharges by enough. The same is true of the oil companies who [...]

Oil Consumption Must Continue To Drop

The price of a barrel of oil currently sits at just over $71, down from an all time high of $147.27 on July 11th 2008.
Without a doubt, the drop has been caused in part by fallng demand with people modifying their driving, transport and buying habits in order to lessen the pain that they feel [...]