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Poor Shape of the economy
neas
Posts: 3,801 Forumite
Anyone else think its unavoidable? That everyone will become poorer due to the rise of other powers taking a share of the global 'wealth'?
See the power shifting from america to the far east.... maybe this is a boom economy but hard times are ahead.
See the power shifting from america to the far east.... maybe this is a boom economy but hard times are ahead.
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Comments
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OK then.... did you want to post a link?miladdo0
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What shape should it be? Round in the middle?0
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PasturesNew wrote: »What shape should it be? Round in the middle?
The standard sheap for things which are not all rosy is pear shaped.
People talk of things going pear shaped in a negative way.
Even when you think of a persons body, if its pear shaped then maybe not in the best of health in terms of weight. (**NOTE** Not slagging anyone who is pear shaped, I am a little myself
).
Ok, on that note, tme to get down the gym so I become triangular shaped (engineeringly known as the strongest shape):wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
more people who are on low or fixed incomes will be affected, as general prices rise.
but why are they rising? the ongoing war is not a factor for oil coss, as this has bee happening or a while.. the oil co's plead tied hands because of the high taxation, but surely the cost of actually 'digging' up of the stuff cant have changed much, AND if tax/duty is set as a percentage of pump price (guessing here..), wouldnt it be simple to LOWER the pump rice, and so reduce the taxes due?
either way, I feel the EU (or a higher authority - World Nations?) needs to investigate the stupidly high fuels costs in the country, as it is crippling everyone, in some way.Long time away from MSE, been dealing real life stuff..
Sometimes seen lurking on the compers forum :-)0 -
Oil price is coming down today.
Add to this the weakening dollar (major component in oil price increase) and I wonder if the price of oil is really that much of a factor or if people use it to mask profit increases in their own area.
Also regarding oil price, OPEC have to be seriously looked at.
There are a number of things which have affected the oil price: -
Iraq War
Iraq pipeline blown up
Strikes at Grangemouth
Strikes at Nigeria refinery
Taxes
Dollar strength
etc
etc
etc
Aren't OPEC supposed to regulate?
I've read reports that suggect the oil price could go up to $200 per barrel.
How will this affect the economy?
Some people are talking about it being an Oil Bubble (god, the next thing we'll see is a re-release of 'I'm forever blowing bubbles') with prices expeceted to settle around the $60-$70 per barrel mark, although nobody is predicting when this will happen.
I carried out a quick check on the oil price history and saw that in 1973 - 1985 we saw a similar oil price increase as we have in today's market.
It's interesting to see that as the price increase, the demand dropped.
I guess this will happen soon. People will start cycling instead of driving to work and many other options to reduce use and demand.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Also regarding oil price, OPEC have to be seriously looked at.
There are a number of things which have affected the oil price: -
Reminds me of a few years back when some oil companies were worried of prices declining under $10 a barrel.
What they overlooked was China happy to buy and use access to cheap oil to greatly grown it's emerging economy - and same for other emerging economies too, pushing prices slowly back up.
Yeah.. let's blame OPEC for high oil prices and let's push Russia around as well.0 -
Reminds me of a few years back when some oil companies were worried of prices declining under $10 a barrel.
What they overlooked was China happy to buy and use access to cheap oil to greatly grown it's emerging economy - and same for other emerging economies too, pushing prices slowly back up.
Yeah.. let's blame OPEC for high oil prices and let's push Russia around as well.
I never blamed them, in fact I showed many reasons why this is very difficult to regulate, however I did question their ability to regulate:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Aren't OPEC supposed to regulate?
I've read reports that suggect the oil price could go up to $200 per barrel.
How will this affect the economy?
OPEC are a cartel... I do think they are being honest.. and have upped supply considerably. The high market price is not really their doing alone whatsoever.IveSeenTheLight wrote: »It's interesting to see that as the price increase, the demand dropped.I guess this will happen soon. People will start cycling instead of driving to work and many other options to reduce use and demand.
I read an article yesterday suggesting 400,000 barrel reduction in USA from this time last year.. due to slowdown... so you are right in that respect. However I wonder if the slack will be carried over by the emerging economies.. BRIC... although maybe not in full cause they are geared a lot to US exports... although internal demand is being stoked up..... seen the TATA car which they want to sell to the masses in India. So I wouldn't expect oil to collapse in price.0 -
Just noticed, but probably coincidence, but isn't it interesting to see that at the time of the last house price crash, oil prices were also rock bottom.
When oil prices started to climb, so was house prices.IveSeenTheLight wrote: »:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
"OPEC's mission is to coordinate and unify the petroleum policies of Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in the petroleum industry."
I don't think that they have managed to "secure an efficient, economic and regular supply of petroleum to consumers"
They probably have fulfilled the mission to provide "a steady income to producers and a fair return on capital to those investing in the petroleum industry.":wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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