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Newsview :Oil price dips below $50 a barrel
« on: January 08, 2015, 12:00:09 AM »

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Oil price dips below $50 a barrel






     
         
 
   
   

       

  oil rig in North Sea


                     

The price of  Brent Crude oil has fallen below $50 a barrel for the first time since May 2009.


       

It fell more than a dollar to $49.92 a barrel in early trading on Wednesday before edging back above the $50 mark.


       

Slowing global growth and increased supply of oil and gas have pushed prices sharply lower in recent weeks.


       

The price of oil traded in the United States, known as West Texas Intermediate crude, has already breached the $50 threshold.


       

Many observers expect the price of oil to fall further as North American shale producers continue to supply increasing quantities of oil and gas and Opec resists calls for cuts in production to support prices.



Source: Oil price dips below $50 a barrel




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http://www.faithwall.co.uk/index.php/3968-oil-price-dips-below-50-a-barrel
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TJ

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Re: Newsview :Oil price dips below $50 a barrel
« Reply #1 on: January 08, 2015, 02:16:32 AM »
Has not really made any difference to my own pocket

But being unselfish: see Can a person be unselfish ? - it seems that "what has "been good for some in this country of the UK " has not been so good for "other countries"

Since the ere or error of the maggie thatcher years and privatisation - it seems that "giving a good return on investment for those who have money" is more important than "providing a service that is value for money" for those who do not have the money.......

Its simply "taking from the poor to give to the rich" and then "pretending to take from the rich by inducing a wealth tax"

Its purely playing with peoples money  and no different to "the UK  banking  " fiasco"

Where the banks are bailed out by the government "which then causes a national debt and recession" which impacts on the poorest of society"  only to be reflected in government -  its a "robin hood mirage"
http://www.1faith.co.uk/index.php/topic,5641.msg42340.html

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