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A not taking the micky thread....
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In a way low oil prices are a good thing. Have to be thankful that their is no bad news of the type when we had banks on the brink of collapse, but if stocks fall on relatively minor bad news what will happen if the sh*t really hits the fan and gov'ts default on their debts - or are the markets preparing themselves for this.
But they are not. Low oil prices, at a time that OPEC have massively reduced supply = massively weak demand.
=> no green shoots without consumption of the black goo... Unless the worlds trade is now relying on solar power that is! :rotfl:0 -
But they are not. Low oil prices, at a time that OPEC have massively reduced supply = massively weak demand.
=> no green shoots without consumption of the black goo... Unless the worlds trade is now relying on solar power that is! :rotfl:
Strange what we consider low oil prices now :eek: not so long ago Opec were happy with prices in the $ 22 -28 range, and that was when the world was not in recession.
http://www.payvand.com/news/05/jan/1281.html'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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