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Price of a barrel of oil down to a 6 month low.

2

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    shortchanged wrote: »
    The European stock markets are taking a real pounding today as well. The FTSE is currently down 4% to 4870.

    No need to panic. All it takes is for someone to mention printing money and there will be a rally back on.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Graham_Devon wrote: »
    No need to panic. All it takes is for someone to mention printing money and there will be a rally back on.

    OK graham I'll give it a go.

    THE BANK OF ENGLAND IS GOING TO ANNOUNCE A PROGRAMME OF £50 BILLION OF QUANTATIVE EASING AT THE NEXT MEETING.


    Lets watch the FTSE shoot up in the next 15 minutes. :p
    Why are we here?......................because we are not all there.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    shortchanged wrote: »
    OK graham I'll give it a go.

    THE BANK OF ENGLAND IS GOING TO ANNOUNCE A PROGRAMME OF £50 BILLION OF QUANTATIVE EASING AT THE NEXT MEETING.


    Lets watch the FTSE shoot up in the next 15 minutes. :p

    £50bn?

    Come on. They'll sell out at a rate of knots. That's peanuts. They are calling for £300bn+

    Hamish is rather hopefull of receiving a cheque for a few grand from her majesty.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Graham_Devon wrote: »
    £50bn?

    Come on. They'll sell out at a rate of knots. That's peanuts. They are calling for £300bn+

    Hamish is rather hopefull of receiving a cheque for a few grand from her majesty.

    Gently, gently Graham. We don't want the market to overheat do we. :)
    Why are we here?......................because we are not all there.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    shortchanged wrote: »
    Gently, gently Graham. We don't want the market to overheat do we. :)

    No, not considering I sold out at a near 50% loss on one share yesterday no!

    Glad I did though. Of course I was utterly idiotic to sell out, apparently, but would have been down 56% now.
  • ILW
    ILW Posts: 18,333 Forumite
    Graham_Devon wrote: »
    Ahh well, at least general prices will be be "falling" next year, as the rate of inflation will be at approx 3.5% apparently.

    An economist actually stated that on the radio. Didn't even get picked up on it.

    I heard some dimwit woman "economics expert reporter" say something very similar on LBC.

    I blame the universities.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    No, not considering I sold out at a near 50% loss on one share yesterday no!

    Glad I did though. Of course I was utterly idiotic to sell out, apparently, but would have been down 56% now.

    Was the said share down 6% today after previously being 50% down against original purchase? Or is it 56% down against original purchase price?

    You know how you get confused.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I notice most of my local garages have decided to mark this momentous occasion by adding between 2 and 3 pence to the price of a litre.

    How cheap does oil actually have to get before this frackers actually reduce the cost of petrol at the pumps?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    wotsthat wrote: »
    Was the said share down 6% today after previously being 50% down against original purchase? Or is it 56% down against original purchase price?

    You know how you get confused.

    No, I would be down about 56% today Mr Idotrysohard.
  • Batchy
    Batchy Posts: 1,632 Forumite
    why reduce the price of petrol when people will still buy it regardless... if you need transport you use the car, how many people lay off the right foot, to make it use less fuel... not that many. So until people reduce consumption considerably, then nothing will change.
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
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