March 29th

G_M

We leave with.
We leave without.
We don't leave.


What happens to the price of oil?

J_B

G_M wrote: »

What happens to the price of oil?

It will double in price - buy a million litres now and make a killing in April ... simples.

FreeBear

G_M wrote: »

What happens to ...

We leave with a deal - We are screwed.
We leave without a deal - We are screwed.
We remain - We become the laughing stock of the world (and get screwed).


The closet racists won, May has negotiated a bad deal for both the UK and the EU.

[Deleted User]

The price of oil will remain unchanged however we leave

Ebe_Scrooge

venison wrote: »

The price of oil will remain unchanged however we leave

Absolutely correct. Perhaps the only slight difference may be in the exchange rate. Crude oil is always traded globally in USD, so we're always affected by differences in the USD/GBP exchange rate. That fact itself won't change come Brexit, but if the GBP exchange rate moves substantially then we'll see prices move.

But even so, I doubt very much that rates will move significantly compared to normal everyday fluctuations - even if they do, it's likely to be very short-term.

Cardew

Immediately after the 2016 Referendum:

The value of sterling slumped to a 31-year low on currency markets and was on course for its biggest one-day loss in history as panicking investors contemplated the prospect of a vote to leave the European Union.


The value of sterling slumped to a 31-year low on currency markets and was on course for its biggest one-day loss in history as panicking investors contemplated the prospect of a vote to leave the European Union.






Results from across the country suggesting the Brexit camp was on the brink of declaring a referendum victory led to sterling reversing initial gains to leave the pound down more than 10% at $1.33, compared with $1.50 just after polling stations closed. That was the lowest since 1985. The pound was down more than 7% against the euro.

Is it not reasonable to surmise that Sterling will recover if a second Referendum reverses the 2016 debacle*


*IMO. Boris's Bus and the wildly optimistic propaganda has been exposed as nonsense. Or does anyone think Honda/Nissan/Toyota etc etc have a long term future in UK when tariffs have to be paid to sell in Europe. Or that Paris and Frankfurt stock exchanges won't grab an even bigger slice of the City.


However 'the Honourable member for the 18th century!' namely Rees-Mogg and the ERG will now support any motion that the PM puts before the House rather than chance a democratic second Referendum.

A._Badger

I do wish these tiresome remainers would get over the fact that they lost the argument and thus the referendum.

The only fact of which we can be sure is that whatever happens after the 29th, oil companies will continue to do very nicely out of the business. The rest is conjecture, usually informed by little more than politics.